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Japan Interest Rate Decision Due On Tuesday
(RTTNews) - The Bank of Japan will wrap up its monetary policy meeting on Tuesday and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The BoJ is widely expected to keep its benchmark lending rate unchanged at 0.50 percent.
South Korea will release May figures for import and export prices; in April, import prices were down 2.3 percent on year and export prices rose 0.7 percent.
Singapore will provide May data for non-oil domestic exports; in April, NODX jumped 10.4 percent on month and 12.4 percent on year, with a trade surplus of SGD14.20 billion.
Hong Kong will see May numbers for unemployment; in April, the jobless rate was 3.4 percent.
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BoE's Greene Seeks Cautious Approach On Concerns Over High Inflation, Uncertainty
The Bank of England must have a prudent approach to reducing interest rates as the U.K. inflation may remain high for a longer time than expected rather than a short-term spike, and also due to risks on the global front including fluctuations in oil prices in the backdrop of the ongoing Middle East conflict, policymaker Megan Greene said on Tuesday.
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1h 54min ago
Amazon To Invest $4 Bln To Expand Speed Delivery To Rural Communities Across U.S
E-commerce giant Amazon has announced its plan to invest over $4 billion to expand speed delivery service to thousands of smaller cities, towns, and rural communities across the United States. For the first time, the company will be offering the convenience and reliability of Same-Day and Next-Day Delivery to millions of U.S. customers in more than 4,000 smaller cities, towns, and rural communiti
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3h 10min ago
Powell Indicates Federal Reserve Likely To Remain On Hold
Despite intense pressure from President Donald Trump to lower interest rates, Federal Reserve Chair Jerome Powell on Tuesday indicated the central bank is likely to remain on hold. "For the time being, we are well positioned to wait to learn more about the likely course of the economy before considering any adjustments to our policy stance," Powell said.
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4h 43min ago
U.S. Dollar Falls Against Majors
The U.S. dollar weakened against other major currencies in the European session on Tuesday.
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4h 57min ago
FTSE 100 Lags In Ceasefire-led Rebound
With an addition of just a little more than quarter percent, the FTSE 100 benchmark of the London Stock Exchange underperformed its peers in the region.
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5h 29min ago
CAC 40 Rises As Middle East Tensions Ease
Positive market sentiment following reports of ceasefire between Israel and Iran boosted the CAC 40 benchmark on Tuesday.
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6h 7min ago
DAX Outperforms Peers
The DAX benchmark that tracks the performance of the 40 largest companies listed on the Frankfurt Stock Exchange staged an emphatic rebound on Tuesday.
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6h 26min ago
Sensex, Nifty End Off Day's Highs As Israel And Iran Enter Shaky Ceasefire
Indian shares ended off their day's highs on Tuesday as Israel accused Iran of breaching the ceasefire, just hours after it was announced by U.S. President Donald Trump earlier.
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7h 20min ago
