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European Shares Advance As German Inflation Eases
European stocks were modestly higher on Friday as investors assessed the latest inflation data from Germany and awaited key U.S. employment report later in the day to confirm bets that the Federal Reserve is at peak rates.
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Tata Plans New IPhone Assembly Plant In India
Indian conglomerate Tata Group is planning to construct a new assembly plant for Apple Inc.'s iPhones in India, Blommberg reported. The move is said to be inline with the tech major's strategy to expand its manufacturing activities beyond China, to India, which is one of its largest emerging market. The new plant, deemed to be one of India's largest iPhone assembly plants, will be built in Hosur,
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FTSE 100 Gains As Oil Prices Rebound
U.K. stocks rose on Friday as energy stocks rallied, offsetting losses in the mining sector.
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CAC 40 Rises Ahead Of US Jobs Data
French stocks traded higher on Friday as investors awaited the all-important U.S. non-farm payrolls report, due out later in the day for clues on the Federal Reserve's monetary policy outlook.
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DAX Gains As Inflation Cools As Estimated
German stocks edged higher on Friday as investors assessed the latest inflation data and awaited key U.S. employment report later in the day to confirm bets that the Federal Reserve is at peak rates.
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RBI Holds Key Interest Rate For Fifth Session; Strikes Hawkish Stance
The Reserve Bank of India left its benchmark rates unchanged for the fifth straight session as policymakers assessed that the impact of the past rate hikes are yet to be fully felt on the economy, and the bank maintained a hawkish stance citing the risk of food price shocks derailing the disinflation process. The Monetary Policy Committee voted to hold the policy repo rate at 6.50 percent.
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Asian Shares Mixed As Investors Bet On BoJ Policy Shift
Asian stocks ended Friday's session on a mixed note amid speculation that the Bank of Japan may end its negative interest rate policy as soon as this month.
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CPSC Recalls: Stain Remover, UTVs, String Lights, Vacuums, Mattresses, Plush Toys
The U.S. Consumer Product Safety Commission or CPSC has announced recalls including 2.7 million bottles of Wet & Forget stain removers, as well as certain Utility-Terrain Vehicles, string lights, vacuums, mattresses, strollers, and plush toys, among others, for various reasons. In most of the recalls, consumers are urged to immediately stop using the recalled product, and contact...
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Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the late Asian session on Friday.
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European Economic News Preview: Germany Final Inflation Data Due
Final consumer price data from Germany is the only major economic report due on Friday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's final inflation data for November. The initial estimate showed that consumer price inflation eased to 3.2 percent in November from 3.8 percent in October.
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European Shares To Open Higher As Investors Await US Jobs Report
European stocks may open on a positive note Friday as investors await the all-important U.S. jobs report that could have a significant impact on the outlook for interest rates ahead of the Federal Reserve's monetary policy meeting next week.
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Sensex, Nifty See Modest Gains In Cautious Trade
Indian shares were seeing modest gains in cautious trade on Friday ahead of RBI's interest-rate decision and crucial U.S. jobs data due later in the day.
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Asian Markets Trading Mixed
Following the broadly positive cues from Wall Street overnight, Asian stock markets are trading mixed on Friday, as traders react to a raft of economic data from Japan, including GDP data. They also seemed reluctant to make significant moves ahead of the release of the closely watched monthly US jobs report on Friday. Asian markets ended mostly lower on Thursday.
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