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Australia Trade Data Due On Thursday
(RTTNews) - Australia will on Thursday release December data for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity. In November, imports were up 1.7 percent on month and exports rose 4.8 percent for a trade surplus of A$7.079 billion.
South Korea will see December figures for current account; in November, the current account surplus was $9.30 billion.
Finally, the markets in New Zealand are closed on Thursday for National Day and will re-open on Friday.
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Swiss Market Ends Sharply Lower
The Switzerland market closed weak on Friday, tracking weak global cues after U.S. President Donald Trump's latest tariff moves raised fears of a global trade war.
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3h 10min ago
European Stocks Close Weak As Trade War Fears Hurt Sentiment
European stocks closed lower on Friday as trade war fears resurfaced after U.S. President Donald Trump announced a 35% tariff on Canadian goods, effective August 1, 2025, and warned of a blanket tariff of 15-20% on most trading partners.
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3h 26min ago
Canadian Market Remains Weak On Tariff Concerns
After a weak start and a subsequent drop to lower levels, the Canadian market continues to languish in negative territory a little past noon on Friday. The mood is cautious amid escalating trade war fears following U.S. President Donald Trump announced a 35% tariff on all non-USMCA Canadian imports, effective August 1.
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4h 6min ago
Bay Street Likely To Open Lower
Canadian shares look headed for a weak start on Friday due to trade war concerns, although fairly firm crude oil and bullion prices may help limit the market's downside. Data showing an increase in Canadian employment in the month of June and a drop in the unemployment rate may also aid sentiment a bit.
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7h 49min ago
Pound Falls As U.K. Economy Contracts For Second Straight Month
The British pound weakened against other major currencies in the European session on Friday, as the UK economy shrank for the second consecutive month in May, adding challenges to Chancellor Rachel Reeves in achieving her self-imposed borrowing rules.
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7h 56min ago
Wall Street Likely To Open On Weak Note
Lower futures and escalating fears of a global trade war point to a weak start for U.S. stocks Friday morning.
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8h 15min ago
Pound Falls Against Majors
The British pound weakened against other major currencies in the European session on Friday.
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8h 19min ago
Yen Retreats Amid US-Japan Trade Uncertainty
The Japanese yen retreated from early highs against other major currencies in the European session on Friday, amid concerns on US-Japan relations in light of Trump's placement of a 25 percent tariff on Japanese exports this week, which will go into force on August 1.
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9h 8min ago
