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Berita Forex
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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Sensex, Nifty Slip On Weak Trade Data; Auto Stocks Drag
Indian shares were marginally lower on Tuesday, with muted global cues and disappointing trade data weighing on sentiment.
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Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Tuesday.
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Asian Markets Trading Mixed
Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from global markets overnight, as traders remain cautious and reluctant to make significant moves amid worries over a standoff on raising the U.S. government's $31.4 trillion borrowing limit. Traders also looked ahead to the release of some key economic data in the coming days.
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Sensex, Nifty Seen Tad Higher At Open; Oil Stocks In Focus
Indian shares are seen opening higher on Tuesday, with oil & gas companies likely to be in focus after the government cut windfall tax on petroleum crude to zero from Rs 4,100 per ton with effect from May 16.
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Japanese Market Significantly Higher
The Japanese stock market is significantly higher on Tuesday, extending the gains in the previous three sessions, with the Nikkei 225 moving above the 29,800 level to 18-month highs, following the broadly positive cues from global markets overnight, with gains across most sectors, led by technology stocks.
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China Industrial Production Rises 5.6% On Year In April
Industrial output in China was up 5.6 percent on year in April, the National Bureau of Statistics said on Tuesday.
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Thai Stock Market Poised To Halt Losing Streak
The stock market has tracked lower in three straight sessions, sinking almost 30 points or 1.9 percent along the way. The Stock Exchange of Thailand now sits just above the 1,540-point plateau and it may stop the bleeding on Tuesday.
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RBA Minutes: Uncertainties Continue To Surround Economic Outlook
Members of the Reserve Bank of Australia's Monetary Policy Board acknowledged that there are still significant uncertainties surrounding the country's economic outlook, minutes of the board's May 2 meeting revealed on Tuesday.
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Australian Market Modestly Lower
The Australian stock market is modestly lower on Tuesday, giving up some of the gains in the previous two sessions, with the benchmark S&P/ASX 200 staying below the 7,300 level, despite the positive cues from global markets overnight, as traders reacted to data showing consumer confidence in Australia declined sharply in May. Meanwhile, higher commodity prices lifted energy and materials shares.
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Indonesia Stock Market May Extend Monday's Gains
The Indonesia stock market on Monday ended the two-day slide in which it had slumped more than 100 points or 1.5 percent. The Jakarta Composite Index now rests just above the 6,710-point plateau and it may add to its winnings on Tuesday.
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Hang Seng May Reclaim 20,000-Point Plateau
The Hong Kong stock market on Monday ended the four-day losing streak in which it had plummeted almost 675 points or 3.4 percent. The Hang Seng Index now sits just above the 19,970-point plateau and it's poised to see additional support on Tuesday.
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China Shares Tipped To Open In The Green
The China stock market on Monday snapped the four-day losing streak in which it had tumbled almost 125 points or 3.7 percent. The Shanghai Composite Index now sits just above the 3,310-point plateau and it's expected to open higher again on Tuesday.
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