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Japan Producer Price Data Due On Tuesday
(RTTNews) - Japan will on Tuesday release November numbers for producer prices, highlighting a light day for Asia-Pacific economic activity.
Producer prices are expected to rise 0.2 percent on month and 0.1 percent on year after slipping 0.4 percent on month and gaining 0.8 percent on year in October.
Australia will see November results for the indexes of business confidence and business conditions from National Australia Bank; in October, their scores were -2 and +13, respectively. Australia also will see December results for the consumer sentiment index from Westpac Bank; in November, the index fell 2.6 percent.
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Asian Shares Retreat On US Bank Concerns
Asian stocks declined on Friday as heightened concerns over U.S. banks' loan portfolios added to worries about the ongoing U.S. government shutdown and escalating Sino-U.S. trade tensions.
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Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the European session on Friday.
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Commodity Currency's Slide Amid Escalating US-China Trade Tensions
The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Friday, amid the escalating trade tensions between the U.S. and China and renewed concerns about the U.S. banking sector after bad loans recently led to the bankruptcies of two auto industry-related companies, First Brands and Tricolor Holdings. Traders also resorted to profit taking after the recent gains in the markets.
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1h 28min ago
Canadian Dollar Slides Against Most Majors
The Canadian dollar weakened against most major currencies in the Asian session on Friday.
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2h 42min ago
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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2h 49min ago
Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Friday.
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2h 58min ago
European Shares To Open On Soft Note As US Economic Concerns Mount
European stocks look set to open lower on Friday, with AI bubble concerns, escalating global trade disputes and heightened concerns about the U.S. credit market likely to weigh on markets, heading into the weekend.
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3h 20min ago
Sensex, Nifty Little Changed In Lackluster Trade; IT Stocks Drag
Indian shares were little changed in early trade on Friday due to escalating Sino-U.S. tensions and renewed concerns about the U.S. banking sector.
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4h 20min ago
