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DAX Declines On China Recovery Concerns
German stocks fell sharply on Wednesday as a slew of mixed Chinese economic data released earlier today added to concerns over the economic outlook for 2024.
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Asian Shares Decline After Mixed China Data
Asian stocks declined on Wednesday as investors reacted to mixed Chinese data and kept a wary eye on the latest developments in the Middle East.
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China GDP Growth Misses Expectations
China's economic growth missed expectations in the fourth quarter but the pace of whole year expansion met the government target despite the property crisis, weak global demand and overburdened government debt. Gross domestic product registered 5.2 percent annual growth in the fourth quarter, data released by the National Bureau of Statistics showed on Wednesday.
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Australian Dollar Slides Amid Risk Aversion
The Australian dollar weakened against other major currencies in the Asian session on Wednesday amid risk aversion, as weak crude oil and bullion prices triggered some heavy selling at several counters in energy and materials sectors.
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European Shares Set To Fall As China GDP Data Shows Patchy Recovery
European stocks are likely to open on a subdued note Wednesday after China posted sluggish GDP growth in 2023.
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Australian Dollar Slides Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Wednesday.
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Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Wednesday.
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more news
European Economic News Preview: UK Inflation Data Due
Consumer and producer prices data from the UK is the top economic news due on Wednesday. At 2.00 am ET, the Office for National Statistics releases UK consumer and producer prices for December. Inflation is forecast to ease slightly to 3.8 percent from 3.9 percent in November.
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Sensex, Nifty Tumble On Interest Rate Worries
Indian shares were deep in the red on Wednesday amid signs that the U.S. Federal Reserve will not rush to lower interest rates.
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Asian Markets Track Global Markets Lower
Asian stock markets are mostly lower on Wednesday, following the broadly positive cues from Wall Street overnight, as weak crude oil and bullion prices triggered some heavy selling at several counters in energy and materials sectors. The US dollar also strengthened against major currencies in the region. Asian markets closed mostly lower on Tuesday.
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Sensex, Nifty Set To Drift Lower As Dollar And Yields Spike
Indian shares may open on a sluggish note Wednesday, with a stronger greenback in the international markets and volatile crude oil prices likely to weigh on sentiment.
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Singapore Has SGD7.778 Billion Trade Surplus
Singapore posted a merchandise trade surplus of SGD7.778 billion in December, Statistics Singapore said on Wednesday.
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China GDP Gains 5.2% On Year In Q4
China's gross domestic product expanded 5.2 percent on year in the fourth quarter of 2023, the National Bureau of Statistics said on Wednesday - shy of expectations for 5.3 percent but up from 4.9 percent in the third quarter.
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