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Australia Retail Sales Data Due On Thursday
(RTTNews) - Australia will on Thursday release February figures for retail sales and private sector credit, highlighting a light day for Asia-Pacific economic activity.
Retail sales are expected to rise 0.4 percent on month, easing from 1.1 percent in January. Credit is also seen higher by 0.4 percent on month, unchanged from the January reading.
Thailand will see February data for industrial production; in January, production was down 2.94 percent on year.
Finally, the markets in Malaysia are closed on Thursday for Nuzul Ak-Quran and will re-open on Friday.
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Major European Markets In Positive Territory In Cautious Trade
The major European markets are up in positive territory on Wednesday with investors picking up stocks amid continued optimism about a sharp rate cut by the Federal Reserve following recent weak labor market data. Easing concerns on the trade front also contribute to the positive sentiment in the markets.
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22 minutes ago
Sensex, Nifty Close On Firm Note Again
Indian stocks closed on a positive note on Wednesday, extending previous session's gains, amid expectations of further reduction in GST rates, and hopes of a larger than expected interest rate cut by the Federal Reserve.
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1h 12min ago
FTSE 100 Remains Steady ; ABF Tanks On Sales Warning
The U.K. market is modestly higher in late morning trades on Wednesday, with select frontline stocks finding good support. Movements are a bit lackluster with investors awaiting U.S. inflation data due later in the week.
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1h 38min ago
CAC 40 Modestly Higher On Fed Rate Cut Hopes, Easing Political Concerns
After opening modestly higher and moving up further, France's CAC 40 gave up some gains subsequently Wednesday morning, but remains in positive territory.
The undertone is fairly steady following the appointment of Sébastien Lecornu as France's new Prime Minister.
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2h 1min ago
Asian Markets Close Higher
Asian markets finished trading on a positive note, tracking the Wall Street rally on Tuesday.
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2h 9min ago
U.S. Dollar Rises Against Majors
The U.S. dollar strengthened against other major currencies in the European session on Wednesday.
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2h 20min ago
DAX Slips After Positive Start
After opening on a positive note amid continued optimism about an interest rate cut by the Federal Reserve, the German market pared its gains and slipped into negative territory on Wednesday, with the mood turning cautious as investors await the crucial U.S. inflation data due later in the week, and the European Central Bank's monetary policy announcement on Thursday.
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2h 31min ago
Antipodean Currencies Rise Amid Risk-on Mood
The antipodean currencies such as the Australia and the New Zealand dollars strengthened against other major currencies in the Asian session on Wednesday, amid growing optimism about the outlook for interest rates after sharp downward revisions in U.S. jobs data and ahead of the release of the closely watched US inflation data later in the week. Currencies in the region also strengthened against the US dollar.
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3h 26min ago
