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Australia Interest Rate Decision On Tap For Tuesday
(RTTNews) - The Reserve Bank of Australia will wrap up its monetary policy meeting this morning and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The RBA is expected lower its benchmark lending rate by 25 basis points, to 3.60 percent from 3.85 percent.
Singapore will release Q2 numbers for gross domestic product; in the three months prior, GDP was up 4.3 percent on year.
Japan will provide July data for its M2 money stock, with forecasts suggesting an increase of 0.8 percent on year, down from 0.9 percent in June.
Finally, the markets in Thailand remain shuttered until Wednesday in honor of Queen Sirikit's birthday.
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Bay Street Likely To Open On Mixed Note
Canadian shares are likely to open on a mixed note Thursday morning, reacting to data showing a bigger than expected increase in U.S. producer price index, and mixed batch of earnings data from Canada. Oil prices are up, while metals are exhibiting weakness.
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28 minutes ago
S&P Sees Limited Impact From U.S. Tariffs On Indian Economy, Raises Ratings
S&P Global Ratings upgraded India's sovereign ratings on Thursday citing a buoyant economic growth, enhanced monetary policy conditions and the government's fiscal consolidation commitment, while the higher tariffs from the U.S. administration is estimated to have only limited impact on the economy. India's sovereign credit ratings were raised to 'BBB' from 'BBB-', with a 'stable' outlook.
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31 minutes ago
U.S. Producer Prices Jump Much More Than Expected In July
Producer prices in the U.S. increased by much more than expected in the month of July, the Labor Department revealed in a report released on Thursday.
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42 minutes ago
U.S. Weekly Jobless Claims Unexpectedly Edge Modestly Lower
The Labor Department released a report on Thursday unexpectedly showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 9th.
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48 minutes ago
Pound Rises On Upbeat U.K. GDP Data
The British pound strengthened against most major currencies in the European session on Thursday, as the U.K. economy rebounded at a faster-than-expected pace in June.
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2h 1min ago
Deere Stock Drops On Revised FY25 Outlook, Even As Q3 Beats Street
Deere & Co. shares were losing around 8 percent in the pre-market activity on the NYSE, after the firm on Thursday trimmed the higher end of its fiscal 2025 profit outlook range after reporting weak results in its third quarter. The farm and construction equipment manufacturer noted that its customers remain cautious amid ongoing uncertainty. Meanwhile, quarterly earnings per share and top line be
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2h 17min ago
FTSE Down Marginally As Stocks Turn In Mixed Performance
After posting gains in the previous three sessions, the U.K. market is exhibiting some weakness on Thursday, weighed down by losses in select mining, financials and energy stocks. Investors digesting the latest batch of earnings news and economic data.
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2h 27min ago
Pound Rises Against Most Majors
The British pound strengthened against most major currencies in the European session on Thursday.
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2h 31min ago
