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New Zealand Rate Decision On Tap For Wednesday
(RTTNews) - The Reserve Bank of New Zealand will wrap up its monetary policy meeting on Wednesday and the announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The RBNZ is widely expected to trim its Official Cash Rate by 25 basis points, to 3.25 percent from 3.50 percent.
Australia will release Q1 numbers for construction work, with forecasts suggesting no change at 0.5 percent on quarter.
Taiwan will see Q1 data for gross domestic product, with forecasts calling for an increase of 5.37 percent on year - accelerating from 2.90 percent in the three months prior.
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DAX Up 0.8% On Selective Buying As Markets Await Clarity On Tariffs
German stocks are gaining notably ground in positive territory on Friday despite data showing a drop in the nation's retail sales in the month of April, and amid uncertainty about Trump administration's tariff moves after U.S. court rulings against the levies proposed by the U.S. President.
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19 minutes ago
Sensex, Nifty End Modestly Lower Due To Tariff Uncertainty
Indian shares ended modestly lower on Friday due to uncertainty surrounding a court battle about U.S. President Donald Trump's tariffs and rising concerns about U.S. economic stability.
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19 minutes ago
Yen Rises On Strong Tokyo Core Inflation Data
The Japanese yen strengthened against other major currencies in the Asian session on Friday, as Tokyo's core inflation data came in stronger than expected, increasing the chances of the Bank of Japan's (BoJ) 25 basis point rate hike in July.
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44 minutes ago
European Shares Rise On ECB Rate Cut Hopes
European stocks traded higher on Friday despite the latest U.S. court rulings on President Trump's "Liberation Day" tariffs adding another layer of uncertainty.
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1h 35min ago
Asian Shares Decline Amid Tariff Uncertainty
Asian stocks ended mostly lower on Friday due to uncertainty surrounding a court battle about U.S. President Donald Trump's tariffs and rising concerns about U.S. economic stability.
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2h 1min ago
European Economic News Preview: Germany Inflation, Retail Sales Data Due
Inflation and retail sales from Germany and private sector credit from the euro area are the top economic news due on Friday. At 2.00 am ET, Destatis is scheduled to issue Germany's retail sales figures for April. Sales are forecast to grow 0.3 percent month-on-month, in contrast to the 0.2 percent fall in March.
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4h 36min ago
European Shares Likely To Drift Lower At Open
European stocks may drift lower at open on Friday as investors follow the latest announcements on U.S. trade policy and tariffs.
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4h 56min ago
Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Friday.
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5h 22min ago
