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New Zealand Card Retail Sales Data Due On Wednesday
(RTTNews) - New Zealand will on Tuesday release April figures for electronic card retail sales, highlighting a modest day for Asia-Pacific economic activity. In March, sales sank 0.8 percent on quarter and 1.6 percent on year.
Japan will provide April numbers for producer prices, with forecasts suggesting an increase of 0.2 percent on month and 4.0 percent on year - easing from 0.4 percent on month and 4.2 percent on year in March.
Australia will see Q1 data for wage prices; in the three months prior, wage prices were up 0.7 percent on quarter and 3.2 percent on year.
South Korea will release April numbers for unemployment; in March, the jobless rate was 2.9 percent.
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European Shares Drift Lower In Lackluster Trade
European stocks were slightly lower in cautious trade on Wednesday while the dollar extended losses as benign U.S. inflation data prompted traders to pare back Fed rate cut bets for this year.
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50 minutes ago
Asian Shares Mixed; Hang Seng Rises Over 2% On Earnings Optimism
Asian stocks turned in a mixed performance on Wednesday as investors digested softer-than-expected inflation data from the U.S. and awaited more clarity on ongoing trade talks.
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1h 18min ago
Indian Rupee Falls To 5-day Low Against U.S. Dollar
The Indian rupee weakened against the U.S. dollar in the Asian session on Wednesday.
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1h 38min ago
U.S. Dollar Extends Slide On Soft Inflation Data
The U.S. dollar extended its early weakness against other major currencies in the Asian session on Wednesday, as inflation slowed more than expected in April, raising hopes of further easing by the Federal Reserve.
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3h 13min ago
European Shares Likely To Drift Lower At Open
European stocks may open slightly lower on Wednesday after U.S. Treasury Secretary Scott Bessent downplayed the possibility of a quick agreement with the European Union, saying the bloc suffers from a "collective action problem" that's hampering trade negotiations.
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4h 25min ago
European Economic News Preview: German Final Inflation Data Due
Final inflation from Germany and Spain are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's final consumer prices for April. Consumer price inflation is seen easing to 2.1 percent from 2.2 percent in March. In the meantime, final consumer prices from Sweden and industrial production from Romania are due.
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5h 1min ago
U.S. Dollar Falls Against Majors
The U.S. dollar weakened against other major currencies in the Asian session on Wednesday.
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5h 7min ago
Sensex, Nifty Open Higher On Rate Cut Hopes
Indian shares were notably higher on Wednesday as signs of easing retail inflation sparked hopes for more rate cuts from the Reserve Bank of India in coming months.
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5h 24min ago
