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Australia Unemployment Data Due On Thursday
(RTTNews) - Australia will on Thursday release December figures for unemployment, highlighting a modest day for Asia-Pacific economic activity.
The jobless rate is expected to tick up to 4.0 percent from 3.9 percent in November, with the addition of 14,500 jobs following the increase of 35,600 jobs in the previous month.
The Bank of Korea will wrap up its monetary policy meeting, announce its decision on interest rates and set meeting dates; the bank is widely expected to keep its benchmark lending rate steady at 3.00 percent.
Japan will provide December data for producer prices, with forecasts suggesting an increase of 0.4 percent on month and 3.8 percent on year. That's up from 0.3 percent on month and 3.7 percent on year in November.
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Asian Shares Mixed Before Key US Inflation Data
Asian stocks turned in a mixed performance on Tuesday amid global political turmoil and ahead of key U.S. inflation readings due this week that could influence the Federal Reserve's rate trajectory.
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U.S. Dollar Falls Against Majors
The U.S. dollar weakened against other major currencies in the late Asian session on Tuesday.
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Australia Consumer Confidence Weakens In September
Australian consumer confidence declined notably in September and remained in a 'cautiously pessimistic' territory, survey results from Westpac showed on Tuesday. The Westpac-Melbourne Institute Consumer Sentiment Index declined 3.1 percent to 95.4 in September from 98.5 in August. The third 25 basis-point interest rate cut from the Reserve Bank of Australia had boosted sentiment in August.
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European Shares Set To Drift Lower As French Political Crisis Deepens
European stocks are likely to open a tad lower on Tuesday, with French politics and upcoming U.S. inflation readings likely to be in the spotlight.
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3h 31min ago
Sensex, Nifty Open Higher; IT Stocks Lead Gains
Indian shares opened on a positive note on Tuesday, tracking mostly positive cues from global markets amid optimism around a potential Federal Reserve rate cut next week.
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4h 42min ago
Australian Market Extends Early Losses In Mid-market
The Australian stock market is extending its early losses in mid-market trading on Tuesday, adding to the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,800 level, with weakness in iron ore miners, financial and energy stocks partially offset by gains in gold miners.
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5h 42min ago
Asian Markets Mixed Amid Cautious Trades
Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic about the outlook for interest rates following last week's weaker-than-expected US jobs data. They also remain cautious ahead of key U.S. inflation readings due later in the week that could influence the US Fed's rate trajectory.
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6h 17min ago
Sensex, Nifty Seen Higher At Open
Indian shares look set to open higher on Tuesday, even as volatility cannot be ruled out amid talk of more sanctions against Russia and ahead of key U.S. inflation readings due this week that could influence the Federal Reserve's rate trajectory.
RTTNews
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6h 46min ago
