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Antipodean Currencies Slide As European Shares Traded Lower
The Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Friday, as European stocks traded lower, with trading volumes likely to remain thin amid the Independence Day holiday in the United States.
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Asian Shares Mixed After Trump's Tariff Threat
Asian stocks ended mixed on Friday as U.S. President Donald Trump's tariff threats ahead of the July 9 deadline offset robust U.S. jobs data.
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NZ Dollar Slides Against Most Majors
The New Zealand dollar weakened against most major currencies in the Asian session on Friday.
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Australian Dollar Slides Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Friday.
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European Shares Seen Lower As Tariff Fears Resurface
European stocks may open a tad lower on Friday, with trading volumes likely to remain thin amid the Independence Day holiday in the United States.
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European Economic News Preview: German Factory Orders Data Due
Factory orders and construction Purchasing Managers' survey from Germany and industrial production from France and Spain are the top economic news due on Friday. At 2.00 am ET, Destatis publishes Germany's industrial orders data for May. Orders are forecast to fall 0.2 percent month-on-month, in contrast to the 0.6 percent increase in April.
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Sensex, Nifty Little Changed On Tariff Worries
Indian shares were little changed in cautious trade on Friday as U.S. President Donald Trump warned countries to strike deals before the deadline or face tariffs.
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Australian Market Trims Early Gains In Mid-market
The Australian stock market is trimming its early gains in mid-market moves on Friday, reversing the slight losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,600 level, with gains in financial and technology stocks partially offset by weakness in mining stocks.
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Asian Markets Mixed In Cautious Trades
Asian stock markets are trading mixed on Friday, following the broadly positive cues from Wall Street overnight, as traders continue to be cautious amid ongoing uncertainty over trade deals between the U.S. and its trade partner countries as well as the threat of heavy tariffs. Meanwhile, the stronger-than-expected U.S. jobs report helped ease investor concerns about a potential economic slowdown.
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Sensex, Nifty Seen Slightly Higher At Open
Indian shares look set to open on a positive note Friday as a stronger-than-expected U.S. jobs report helped ease investor concerns about a potential economic slowdown.
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Higher Open Called For Thai Stock Market
The Thai stock market has moved higher in four straight sessions, collecting almost 50 points or 4.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,125-point plateau and it's expected to see further upside on Friday.
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Japanese Market Modestly Higher
Extending the slight gains in the previous session, the Japanese market is modestly higher on Friday, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 39,850 level, with gains in exporters, financial and technology stocks.
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Indonesia Bourse Expected To Halt Losing Streak
The Indonesia stock market has finished lower in three straight sessions, slumping almost 50 points or 0.8 percent along the way. The Jakarta Composite Index now sits just shy of the 6,880-point plateau although it may stop the bleeding on Friday.
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