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Forex News
South Korea Bourse May Run Out Of Steam On Friday
The South Korea stock market has moved higher in four straight sessions, collecting more than 70 points or 2.7 percent along the way. The KOSPI now sits just beneath the 2,640-point plateau although the rally may stall on Friday.
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71 days ago
Japan Inflation Data Due On Friday
Japan will on Friday release February data for consumer prices, highlighting a modest day for Asia-Pacific economic activity. In January, overall inflation was up 0.5 percent on month and 4.0 percent on year, while core CPI rose an annual 3.2 percent.
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71 days ago
New Zealand February Trade Surplus NZ$510 Million
New Zealand posted a merchandise trade surplus of NZ$510 million in February, Statistics New Zealand said on Friday.
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71 days ago
South Korea Producer Prices Unchanged In February
Producer prices in South Korea were flat on month in February, the Bank of Korea said on Friday, after rising 0.6 percent in January.
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71 days ago
TSX Ends Marginally Down
The Canadian market ended slightly down on Thursday as concerns about growth outlook and rising trade tensions weighed on sentiment. Reports that Canadian Prime Minister Mark Carney may call a snap election in late April raised uncertainty on the political front.
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71 days ago
U.S. Dollar Higher On Fed Outlook
The U.S. dollar moved up against its major counterparts in the New York session on Thursday on dovish Fed outlook.
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71 days ago
Swiss Market Ends On Firm Note After Choppy Session
The Switzerland market closed on a firm note on Thursday despite struggling for direction till about a couple of hours past noon, despite the Swiss National Bank lowering interest rate by 25 basis points.
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71 days ago
more news
European Stocks Close Lower On Growth Worries
European stocks closed lower on Thursday on continued uncertainty about the outlook for global economic growth due to the trade war and rising tensions in the Middle East. Investors digested a slew of policy announcements from central banks, including the Bank of England.
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71 days ago
Canadian Market Down Marginally In Cautious Trade
Canadian shares are swinging between gains and losses in cautious trade on Thursday amid growing uncertainty about global economic growth due to escalating trade war.
Investors are also closely following the political developments in Canada amid reports the Prime Minister Mark Carney may call a snap election in late April.
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71 days ago
U.S. Leading Economic Index Falls Slightly More Than Expected In February
A report released by the Conference Board on Thursday showed its reading on leading U.S. economic indicators fell by slightly more than expected in the month of February. The Conference Board said its leading economic index decreased by 0.3 percent in February after slipping by a revised 0.2 percent in January.
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71 days ago
U.S. Existing Home Sales Unexpectedly Surge 4.2% In February
After reporting a sharp pullback by U.S. existing home sales in the previous month, the National Association of Realtors released a report on Thursday showing existing home sales unexpectedly rebounded in the month of February. NAR said existing home sales surged by 4.2 percent to an annual rate of 4.26 million in February after tumbling by 4.7 percent to a revised rate of 4.09 million in January.
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71 days ago
Bank Of England Pauses Rate Cuts Amid Trade Tensions
The Bank of England paused its monetary easing on Thursday amid intensifying uncertainty over global trade policy and weak economic growth in the U.K. The nine-member Monetary Policy Committee, headed by BoE Governor Andrew Bailey, decided to maintain the Bank Rate at 4.5 percent, which was the lowest level since June 2023. Only Swati Dhingra, an external member of the committee, preferred a qu
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71 days ago
Philly Fed Index Extends Pullback But Still Indicates Growth In March
A report released by the Federal Reserve Bank of Philadelphia on Thursday said regional manufacturing activity expanded overall but was less widespread in the month of March. The Philly Fed said its diffusion index for current general activity slid to 12.5 in March after plunging to 18.1 in February, although a positive reading still indicates growth.
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71 days ago
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