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New Zealand Inflation Data Due On Monday
(RTTNews) - New Zealand will on Monday release Q2 figures for consumer prices, highlighting a light day for Asia-Pacific economic activity.
Inflation is expected to rise 0.6 percent on quarter and 2.8 percent on year after adding 0.9 percent on quarter and 2.5 percent on year in the previous three months.
Hong Kong will provide June numbers for consumer prices; in May, inflation was down 0.3 percent on month and up 1.9 percent on year.
Finally, the markets in Japan are closed on Monday for Marine Day and will re-open on Tuesday.
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Swiss Stocks Slip On Late Selling; SMI Ends 0.34% Down
The Switzerland market closed weak on Monday as a few stocks tumbled on selling pressure in the final hour of the day's session.
The market got off to a firm start, in line with markets across Europe, as news about the U.S. and European Union agreed on a trade deal over the weekend. However, the mood turned cautious as the day progressed, and the market eventually closed on a weak note.
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2h 28min ago
European Markets Fail To Hold Gains, Settle Weak
Despite opening on a bright note, European stocks retreated and settled mostly lower on Monday, as initial buoyancy over an EU-US trade deal faded and investors looked ahead to earnings updates, some crucial economic data and policy announcements from the Federal Reserve and the Bank of Japan this week.
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2h 54min ago
Canadian Market Modestly Lower; Materials Stocks Decline
Despite the U.S.-European Union agreeing on a trade deal over the weekend, the mood in the market remains cautious.
The market slipped after opening flat Monday morning, and despite staging a recovery subsequently, remains in negative territory, weighed down by losses in materials sector due to weak metal prices.
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4h 8min ago
Safe-haven Dollar Drops Amidst Trade Deal With Japan
The Dollar recorded a massive decline during the week ended July 25 amidst the announcement of the trade deal between the U.S. and Japan.
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5h 24min ago
Tesla, Samsung Sign $16.54 Bln Chip Deal; Shares Gain
EV major Tesla Inc. and South Korean chip maker Samsung Electronics Co. Ltd. have entered into a contract worth around 22.76 trillion Korean Won or $16.54 billion for semiconductor contract manufacturing. Tesla founder and CEO Elon Musk in a post on the social media platform confirmed that Samsung will be making Tesla's next-generation AI6 chip.
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6h 17min ago
Bay Street Likely To Open Higher
Canadian shares may open on a positive note Monday morning following the U.S. and European Union agreeing on a trade deal.
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7h 35min ago
FTSE 100 Retreats After Positive Start, Down Marginally
The U.K. market is down slightly a little past noon on Monday, having shed early gains, as investors await a slew of corporate earnings announcements due this week.
Reports about the EU and U.S. arriving at a trade deal lifted sentiment in European markets this morning, but most of the major markets are off early highs with the focus shifting to earnings and economic data.
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8h 33min ago
CAC 40 Up Over 0.5% As Trade Tensions Ease
After opening on a firm note, French stocks gave up some gains Monday morning as investors turned a bit cautious, looking ahead to some crucial earnings and economic data due this week.
The positive start came amid easing concerns over tariff as the U.S. and EU arrived at a trade deal over the weekend.
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8h 53min ago
