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RBA Minutes On Tap For Tuesday
(RTTNews) - The Reserve Bank of Australia will on Tuesday release the minutes from its July 5 monetary policy meeting, highlighting a light day for Asia-Pacific economic activity.
At the meeting, the central bank hiked its benchmark lending rate by 50 basis points, from 0.85 percent to 1.35 percent, citing the resilience of the economy and higher inflation. The bank also increased the interest rate on Exchange Settlement balances by 50 basis points to 1.25 percent.
Hong Kong will provide June figures for unemployment; in May, the jobless rate was 5.1 percent.
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Japan Shares Due For Profit Taking On Monday
The Japan stock market bounced higher again on Friday, one day after snapping the six-day winning streak in which it had surged more than 3,000 points or 7.3 percent. The Nikkei 225 now sits just beneath the 43,380-point plateau although investors are likely to lock in gains on Monday.
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16 minutes ago
South Korea Shares May Be Stuck In Neutral On Monday
Ahead of Friday's holiday for Liberation Day, the South Korea stock market had moved higher in back-to-back sessions, gathering more than 35 points or 1.1 percent along the way. The KOSPI now sits just above the 3,225-point plateau although it m ay spin its wheels on Monday.
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31 minutes ago
Singapore Export Data On Tap For Monday
Singapore will on Monday release July figures for non-oil domestic exports, highlighting a light day for Asia-Pacific economic activity. In June, NODX was up 14.3 percent on month and 13.0 percent on year.
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1h 31min ago
Euro Higher Against Majors
The euro appreciated against its major counterparts in the New York session on Friday.
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2 days ago
TSX Down Marginally In Lackluster Trade
Canadian stocks are turning in a mixed performance in somewhat lackluster trade on Friday, with investors focusing on the upcoming US - Russia summit that could help end the war in Ukraine.
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2 days ago
Swiss Market Ends On Firm Note
The Switzerland market ended on a firm note on Friday with stocks from across several sectors gaining ground on sustained buying support. The mood remained positive right through the day's session, amid some expectations about an end to the Ukraine war.
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2 days ago
European Stocks Close Mixed After Cautious Session
European stocks closed on a mixed note on Friday with investors largely staying cautious, awaiting the meeting of the Presidents of the U.S. and Russia, and continuing to assess Trump administration's tariff moves and their impact on global economic growth.
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2 days ago
U.S. Business Inventories Rise In Line With Estimates In June
A report released by the Commerce Department on Friday showed business inventories in the U.S. increased in line with economist estimates in the month of June. The Commerce Department said business inventories rose by 0.2 percent in June after coming in unchanged in May. The uptick matched expectations.
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2 days ago
