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Australia Jobless Rate Steady At 4.1% In October
The unemployment rate in Australia came in at a seasonally adjusted 4.1 percent in October, the Australian Bureau of Statistics said on Thursday - unchanged from the previous month and in line with expectations.
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Taiwan Stock Market Due For Support On Thursday
The Taiwan stock market has moved lower in three straight sessions, tumbling almost 700 points or 3 percent along the way. The Taiwan Stock Exchange now rests just above the 22,860-point plateau and it may see mild upside on Thursday.
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Singapore Bourse May Be Stuck In Neutral On Thursday
The Singapore stock market bounced higher again on Wednesday, one day after ending the six-day winning streak in which it had surged almost 185 points or 5.1 percent. The Straits Times Index now sits just above the 3,720-point plateau and it may spin its wheels on Thursday.
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Little Movement Expected For Malaysia Stock Market
The Malaysia stock market on Wednesday ended the four-day slide in which it had dropped more than 25 points or 1.7 percent. The Kuala Lumpur Composite Index now sits just above the 1,610-point plateau and it's expected to remain in that neighborhood again on Thursday.
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TSX Records New Closing High
The Canadian market posted a new record closing high on Wednesday thanks to strong buying in the technology sector. Energy stocks found some support, while materials shares drifted lower.
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Steady Start Eyed For South Korea Stock Market
The South Korea stock market has finished lower in four straight sessions, slumping almost 250 points or 5.8 percent along the way. The KOSPI now sits just beneath the 2,420-point plateau although it's due for support on Thursday.
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Australia Unemployment Data Due On Thursday
Australia will on Thursday release October numbers for unemployment, highlighting a light day for Asia-Pacific economic activity.
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Dollar Gains Against Major Counterparts
The U.S. dollar stayed a bit sluggish in the European session on Wednesday, but gained in strength in the New York session on bets interest rates will remain high as Donald Trump's policies might rekindle inflation. Data showing an uptick in consumer price inflation contributed as well to the dollar's rise.
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U.S. Dollar Higher On Trump's Policy Outlook
The U.S. dollar climbed against its major counterparts in the New York session on Wednesday on hopes that President-elect Donald Trump's policies on tariffs will rekindle inflation and keep interest rates high.
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Swiss Market Closes Slightly Higher
The Switzerland market closed slightly down on Wednesday, after spending almost the entire duration of the day's session in the red.
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European Stocks Close Lower For 2nd Straight Day
European stocks closed lower on Wednesday amid concerns that Donald Trump's protectionist policies would put upward pressure on inflation and hamper global growth. Investors also digested regional economic data and earnings updates.
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TSX Recovers After Early Setback; Technology Stocks Shining Again
The Canadian benchmark S&P/TSX Composite Index is up marginally a little past noon on Wednesday, with technology stocks once again outperforming the broad market.
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U.S. Consumer Price Inflation Data Matches Economist Estimates In October
A closely watched report released by the Labor Department on Wednesday showed consumer prices in the U.S. rose in line with economist estimates in the month of October. The Labor Department said its consumer price index crept up by 0.2 percent in October, matching the upticks seen in each of the three previous months as well as expectations.
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