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Commodity Currencies Fall Amid Risk Aversion
The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against other major currencies in the Asian session on Monday amid risk aversion, as U.S. data showing much stronger than expected job growth in January and an improvement in consumer sentiment further dimmed the possibility of an interest rate cut in March. Mining and energy stocks were down amid weaker commodity prices.
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567 days ago
China Service Sector Growth Softens
The Chinese service sector continued to expand in January, but the pace of expansion moderated on slowing new order growth, survey results from S&P Global showed on Monday. The Caixin services Purchasing Managers' Index, or PMI, unexpectedly fell to 52.7 in January from a five-month high of 52.9 in the previous month. The score was seen at 53.0.
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567 days ago
RTE Spiced Deli Ham Products, Pork Products Recalled
The U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS announced the recall of Hormel Foods' ready-to-eat or RTE spiced deli ham products as well as Macgregors Meat and Seafood Ltd's frozen, RTE pork products. Austin, Minnesota-based Hormel Foods is recalling around 945 pounds of spiced deli ham products citing misbranding and undeclared milk, a known allergen.
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567 days ago
European Shares Poised For Weak Start As Treasuries Extend Fall
European stocks are seen opening broadly lower on Monday amid signs of escalating tensions in the Middle East and much uncertainty about the Federal Reserve's monetary path this year.
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567 days ago
European Economic News Preview: Germany Foreign Trade Data Due
Foreign trade from Germany and investor confidence from the euro area are the top economic news due on Monday, headlining a busy day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's foreign trade data for December. The trade surplus is forecast to fall to EUR 19.8 billion from EUR 20.4 billion in November.
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567 days ago
Sensex, Nifty Marginally Higher In Early Trade
Indian shares were little changed in early trade on Monday as the dollar and bond yields climbed in international markets after the release of impressive U.S. labour market data and comments from Federal Reserve Chair Jerome Powell that the U.S. central bank will proceed carefully with interest-rate cuts.
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568 days ago
Asian Markets Trade Mostly Lower
Asian stock markets are trading mostly lower on Monday, despite the broadly positive cues from Wall Street on Friday, as US data showing much stronger than expected job growth in January and an improvement in consumer sentiment further dimmed the possibility of an interest rate cut in March. Mining and energy stocks were down amid weaker commodity prices.
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568 days ago
more news
Sensex, Nifty Seen Opening Lower On Hawkish Powell's Comments
Indian shares look set to open on a sluggish note Monday after Federal Reserve Chair Jerome Powell said in an interview on Sunday that policymakers will likely wait beyond March to cut interest rates.
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568 days ago
Japanese Market Modestly Higher
The Japanese stock market is trading modestly higher on Monday, extending the gains in the previous session. The benchmark S&P/ASX 200 is moving a tad above the 36,300 level, following the broadly positive cues from Wall Street cues on Friday, with gains in index heavyweights and financial stocks partially offset by weakness in technology stocks.
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568 days ago
Thai Bourse May Test Resistance At 1,400 Points
The Thai stock market has moved higher in two straight sessions, advancing almost 20 points or 1.5 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,385-point plateau and it may extend its winnings streak on Monday.
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568 days ago
China Services PMI Eases To 52.7 In January - Caixin
The services sector in China continued to expand in January, albeit at a slightly slower pace, the latest survey from Caixin revealed on Monday with a services PMI score of 52.7.
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568 days ago
Indonesia Stock Market Tipped To Open In The Green
The Indonesia stock market bounced higher again on Friday, one day after ending the three-day winning streak in which it had advanced more than 70 points or 1 percent. The Jakarta Composite Index now sits just beneath the 7,240-point plateau and it may add to its winnings on Monday.
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568 days ago
Australian Market Significantly Lower
The Australian stock market is currently trading significantly lower on Monday, giving up the gains in the previous session, with the benchmark S&P/ASX 200 falling to near the 7,600.00 level, despite the broadly positive cues from Wall Street on Friday, with losses across most sectors led by miners and energy stocks amid weaker commodity prices.
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568 days ago
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