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Australia Consumer Confidence Plummets On Rate Hike, Budget
Australia's consumer confidence weakened notably in May to the lowest level since the pandemic outbreak in 2020 as consumers expressed deep pessimism after a surprise rate hike from the Reserve Bank and a mildly disappointing budget, survey results from Westpac showed on Tuesday. The Westpac Melbourne Institute Index of Consumer Sentiment fell 7.9 percent to 79.0 in May from 78.5 in April.
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822 days ago
Sensex Drops 413 Points; Nifty Ends At 18,286
Indian shares fell notably on Tuesday despite positive global cues.
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822 days ago
European Shares Little Changed Amid Data Deluge
European shares were little changed on Tuesday as investors digested disappointing data from China and looked for progress in the U.S. debt ceiling talks.
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822 days ago
FTSE 100 Slightly Higher As Unemployment Edges Higher
U.K. stocks rose slightly on Tuesday and the pound dropped against its major counterparts after the nation's jobless rate came in higher than expected in the three months to March, reducing concerns over more interest rate hikes from the Bank of England.
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822 days ago
Vodafone FY23 Adj. EBITDAaL Down, Sees Broadly Flat Result In FY24; Stock Dips
Shares of Vodafone Group Plc were losing around 4 percent in the morning trading in London as well as in pre-market activity on Nasdaq after the British telecom major reported Tuesday lower adjusted EBITDAaL, a key earnings metric, in its fiscal 2023. This was despite reporting significantly higher net profit, largely reflecting a gain on disposal of Vantage Towers.
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822 days ago
CAC 40 Little Changed As Eurozone GDP Grows Slightly In Q1
French stocks were subdued on Tuesday as a slew of China data disappointed and investors awaited the outcome of crucial U.S. debt ceiling talks.
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822 days ago
Pound Falls As U.K. Jobless Rate Ticks Up
The pound dropped against its major counterparts in the European session on Tuesday, as the nation's jobless rate came in higher than expected in the three months to March, reducing concerns over more interest rate hikes from the Bank of England.
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822 days ago
more news
DAX Edges Higher Despite Weak China Data
German stocks edged higher on Tuesday even as a slew of economic data showed China's economic recovery is losing momentum.
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822 days ago
China Industrial Output, Retail Sales Data Miss Expectations
China's industrial production and retail sales expanded at faster rates in April but both missed expectations signaling that monetary policy easing might be needed to regain the strength experienced after the scrapping of zero-Covid policy. Industrial production posted an annual growth of 5.6 percent in April, faster than the 3.9 percent increase in March, the National Bureau of Statistics said
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822 days ago
Asian Shares Mixed On China Data
Asian stocks ended mixed on Tuesday after Chinese economic data came in weaker than expected.
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822 days ago
Australian Dollar Extends Fall On Disappointing Chinese Economic Data
The Australian dollar extended its recent weakness against other major currencies in the Asian session on Tuesday, after the release of data from the Chinese economy showing that growth in retail demand and production at a slower pace.
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822 days ago
European Shares Seen Flat To Lower As China Data Disappoints
European stocks look set to open broadly lower on Tuesday as investors react to disappointing Chinese data and await more news regarding the U.S. debt ceiling negotiations.
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822 days ago
European Economic News Preview: UK Unemployment Data Due
Unemployment from the UK and economic sentiment from Germany are due on Tuesday, headlining a busy day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK labor market data for March. The jobless rate is seen unchanged at 3.8 percent. Average earnings including bonus is forecast to grow 5.8 percent in three months to March.
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822 days ago
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