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Forex News
Rebound Anticipated For Taiwan Stock Market
The Taiwan stock market turned emphatically lower again on Wednesday, one session after halting the four-day losing streak in which it had tumbled more than 760 points or 6.4 percent. The Taiwan Stock Exchange now rests just above the 13,460-point plateau although it's predicted to see renewed support on Thursday.
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960 days ago
Singapore Stock Market Poised To Halt Losing Streak
The Singapore stock market has finished lower in four straight sessions, stumbling almost 150 points or 4.8 percent along the way. The Straits Times Index now rests just above the 3,115-point plateau although it's expected to find traction on Thursday.
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960 days ago
Malaysia Stock Market: Support Expected At 1,400 Points
The Malaysia stock market has moved lower in six straight sessions, slumping more than 60 points or 3.9 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,400-point plateau although it's predicted to stop the bleeding on Thursday.
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960 days ago
Renewed Support Anticipated For South Korea Shares
The South Korea stock market headed south again on Wednesday, one day after snapping the four-day losing streak in which it had tumbled almost 150 points or 6.3 percent. Now at a fresh two-year closing low, the KOSPI sits just beneath the 2,170-point plateau although it's expected to bounce higher again on Thursday.
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960 days ago
Singapore Import, Export Price Data Due On Thursday
Singapore will on Thursday release August figures for import, export and producer prices, highlighting a light day in Asia-Pacific economic activity. In July, import prices were up 14.7 percent on year, while export prices jumped 19.4 percent and producer prices advanced 19.0 percent.
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960 days ago
TSX Ends On Buoyant Note As BoE's Bond Market Intervention Lifts Sentiment
After opening modestly lower, the Canadian market swiftly emerged into positive territory on Wednesday and kept surging higher as the session progressed to eventually close on a buoyant note.
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960 days ago
Dollar Retreats After Hitting Fresh 2-decade High
After rising to a new two-decade high in the Asian session, the U.S. dollar retreated on Wednesday, after the Bank of England decided to intervene in the bond market by purchasing long-dated U.K. government bonds to address dysfunction in the gilt market.
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960 days ago
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Swiss Market Ends On Firm Note After Choppy Ride
Despite seeing a choppy ride, the Switzerland stock market ended on a firm note on Wednesday, thanks to some strong buying at several counters past mid afternoon.
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960 days ago
Major European Markets Close Higher After BoE Intervenes In Bond Market
The major European stocks closed higher on Wednesday, as investors reacted positively to the Bank of England's announcement that it would suspend its U.K. gilt selling next week and engage in temporary purchase of long-dated bonds for a couple of weeks, aiming to calm the market that has taken a hit after the government's mini-budget.
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960 days ago
Canadian Shares Rising Sharply After Slightly Weak Start
The Canadian market is up firmly in positive territory a little past noon on Wednesday thanks to strong gains in materials, energy, healthcare and technology stocks.
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960 days ago
U.S. Pending Home Sales Slump More Than Expected In August
A report released by the National Association of Realtors on Wednesday showed pending home sales in the U.S. fell for the third straight month in August, with the decrease exceeding economist estimates. NAR said its pending home sales index dove by 2.0 percent to 88.4 in August after falling by 0.6 percent to a revised 90.2 in July.
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960 days ago
Pound Declines After BoE Announces Intervention In Bond Market
The pound fell against its major rivals in the European session on Wednesday, after the Bank of England announced that it would intervene to support the bond market to prevent a material risk to financial stability.
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960 days ago
Bank Of England Intervenes In Bond Market To Restore Stability
The Bank of England decided to intervene in the government bond market to reduce any risks from contagion to credit conditions for the real economy, following the chaos developed in the currency and gilt markets after the government's massive tax cuts announced in the 'mini-budget' last Friday.
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960 days ago
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