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Renewed Selling Pressure Expected For Singapore Stock Market
The Singapore stock market on Tuesday ended the two-day losing streak in which it had fallen almost 20 points or 0.6 percent. The Straits Times Index now sits just above the 3,140-point plateau although it's likely to turn lower again on Wednesday.
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Malaysia Stock Market May Hand Back Tuesday's Gains
The Malaysia stock market on Tuesday snapped the two-day slide in which it had eased less than a single point or 0.1 percent. The Kuala Lumpur Composite Index now sits just above the 1,530-point plateau although it figures to head south again on Wednesday.
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South Korea Shares Due For Consolidation
The South Korea stock market has moved higher in three straight sessions, collecting almost 75 points or 2.9 percent in that span. The KOSPI market now rests just beneath the 2,650-point plateau although it figures to run out of steam on Wednesday.
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TSX Ends Sharply Lower As Hot U.S. Inflation Data Triggers Sell-off
The Canadian market suffered one of its worst setbacks in recent months as stocks tumbled on sustained selling pressure on Tuesday after data showing a bigger than expected increase in U.S. consumer price inflation reduced the possibility of a rate cut by the Federal Reserve anytime soon.
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Dollar Rises Against Major Counterparts On Hotter-than-expected Inflation Data
The U.S. dollar moved higher on Tuesday as hotter-than-expected U.S. consumer price inflation data reduced the possibility of an interest rate cut by the Federal Reserve in the near future.
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New Zealand Electronic Card Sales Data Due On Wednesday
New Zealand will on Wednesday release January figures for electronic card retail sales, highlighting a light day for Asia-Pacific economic activity.
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Canadian Market Down Sharply As Hotter-than-expected U.S. Inflation Data Weighs
The Canadian market is down sharply on Tuesday with the mood turning extremely bearish after data showing a bigger than expected increase in U.S. consumer price inflation dashed hopes of an interest rate cut by the Federal Reserve in March.
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Swiss Market Ends Weak Amid Interest Rate Uncertainty
The Switzerland market ended weak on Tuesday, although the downside was less pronounced than that of the major markets in Europe. Data showing a slowdown in Swiss consumer price inflation helped limit market's losses.
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European Stocks Close Notably Lower On Hotter-than-expected U.S. Inflation Data
European stocks closed notably lower on Tuesday as hotter-than-expected U.S. consumer price inflation dashed hopes of an interest rate cut by the Federal Reserve. Investors also digested the latest batch of regional economic data and corporate earnings updates.
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U.S. Dollar Spikes Up As Strong Inflation Data Dents Early Rate-cut Prospects
The U.S. dollar firmed against its major counterparts in the New York session on Tuesday, as hotter-than-expected inflation data for January reduced the possibility of a rate cut by the Federal Reserve in May.
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Coca-Cola Q4 Profit Down 3%, But Meets Estimates
Beverages giant Coca-Cola Co. (KO) reported Tuesday a profit for the fourth quarter that declined 3 percent from last year, reflecting steeply lower other income and higher interest expense, despite a 7 percent revenue growth. Adjusted earnings per share met analysts' expectations, while quarterly revenues topped it.
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U.S. Consumer Prices Rise 0.3% In January, Slightly More Than Expected
A highly anticipated report released by the Labor Department on Tuesday showed consumer prices in the U.S. increased by slightly more than expected in the month of January. The Labor Department said its consumer price index rose by 0.3 percent in January after inching up by 0.2 percent in December. Economists had expected consumer prices to edge up by 0.2 percent.
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WK Kellogg Swings To Profit In Q4; Guides Net Sales Above Estimates
WK Kellogg Co. (KLG) reported Tuesday net income for the fourth quarter of $15 million or $0.18 per share, compared to a net loss of $152 million or $1.77 per share in the prior-year quarter.
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