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Yen Falls As European Shares Traded Higher
The Japanese yen weakened against other major currencies in the European session on Wednesday amid increased risk-off mood by the investors, as the Iran-Israel ceasefire, announced by U.S. President Donald Trump appears to hold in the Middle East, and Federal Reserve Chair Jerome Powell said "many paths are possible" for monetary policy, opening the door to an earlier rate cut.
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57 days ago
DAX Trades In The Red
The positive sentiment that triggered Tuesday's rally on the DAX was missing on Wednesday as markets speculated on the ceasefire between Israel and Iran.
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57 days ago
Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the European session on Wednesday.
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57 days ago
Sensex Jumps 700 Points; Nifty Nears 25,250
Indian shares rose sharply on Wednesday as the fragile Iran-Israel truce took hold and balanced comments from Federal Reserve Chair Jerome Powell prompted traders to price in two Fed cuts by the end of 2025, with a first move in September far more likely than next month.
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57 days ago
Europe New Car Registrations Increase In May
Europe's new car registrations increased in May as demand for plug-in hybrid cars grew sharply from the last year, the European Automobile Manufacturers' Association, or ACEA, reported Wednesday. New car sales increased 1.6 percent on a yearly basis in May, faster than the 1.3 percent rise in April. This was the second consecutive rise in registrations.
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57 days ago
European Shares Mixed In Cautious Trade
European shares were mixed on Wednesday after rallying in the previous session as the fragile Iran-Israel truce took hold.
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57 days ago
Asian Shares Muted After Tuesday's Relief Rally
Asian stocks ended on a cautious note Wednesday after rising sharply in the previous session on Israel-Iran ceasefire relief.
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57 days ago
more news
Australia Inflation Eases In May
Australia's consumer price inflation softened more than expected in May, giving space for the central bank to lower its interest rate. The monthly Consumer Price Index indicator rose 2.1 percent year-on-year, following the 2.4 percent increase in April, the Australian Bureau of Statistics reported Wednesday. A similar lower rate was last seen in October 2024.
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57 days ago
European Shares Seen Tad Higher At Open
European stocks may open a tad higher on Wednesday as the Iran-Israel ceasefire, announced by U.S. President Donald Trump appears to hold in the Middle East, and Federal Reserve Chair Jerome Powell said "many paths are possible" for monetary policy, opening the door to an earlier rate cut.
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57 days ago
European Economic News Preview: France Consumer Confidence Data Due
Consumer confidence from France and revised quarterly national accounts from Spain are the major reports due on Wednesday. At 2.45 am ET, France's statistical office INSEE is slated to issue consumer sentiment survey results. The confidence index is expected to rise to 89 in June from 88 in May. At 3.00 am ET, Spain's INE releases revised GDP and producer prices data.
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57 days ago
Sensex, Nifty Surge As Israel-Iran Truce Holds
Indian shares opened on a strong note Wednesday as the Iran-Israel cease-fire appears to hold in the Middle East and Federal Reserve Chair Jerome Powell said "many paths are possible" for monetary policy, opening the door to an earlier rate cut.
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57 days ago
Australian Market Slips To Slight Loss In Mid-market
The Australian stock market is slipping to a slight loss in mid-market moves on Wednesday after opening in the green, reversing some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to 8,550 level, with weakness in mining and energy stocks partially offset by gains in financial and technology stocks.
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57 days ago
Asian Markets Track Wall Street Higher
Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, as traders in the region cheered the news of a ceasefire between warring Israel and Iran is now in effect. While both sides have accused each other of violating the ceasefire, traders appeared to remain optimistic about easing tensions in the Middle East.
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57 days ago
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