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European Economic News Preview: German Final Inflation Data Due
(RTTNews) - Final inflation from Germany and Spain are due on Wednesday, headlining a light day for the European economic news.
At 2.00 am ET, Destatis is scheduled to issue Germany's final consumer prices for April. Consumer price inflation is seen easing to 2.1 percent from 2.2 percent in March.
In the meantime, final consumer prices from Sweden and industrial production from Romania are due.
At 2.30 am ET, the Hungarian Central Statistical Office publishes final industrial production data.
At 3.00 am ET, Spain's INE publishes final consumer and harmonized prices for April. The flash estimate showed that consumer price inflation softened to 2.2 percent from 2.3 percent in March.
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Renewed Consolidation Likely For Taiwan Shares
The Taiwan stock market rebounded on Tuesday, one day after ending the four-day winning streak in which it had accelerated almost 850 points or 3.9 percent. The Taiwan Stock Exchange now sits just above the 22,550-point plateau although it's expected to head south again on Wednesday.
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28 minutes ago
Singapore Stock Market May Remain Rangebound
The Singapore stock market bounced higher again on Tuesday, one day after ending the four-day winning streak in which it had improved almost 90 points or 2.2 percent. The Straits Times Index now sits just beneath the 3,990-point plateau although it's likely to turn lower again on Wednesday.
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58 minutes ago
Malaysia Bourse Due For Profit Taking On Wednesday
The Malaysia stock market has tracked higher in four straight sessions, gathering more than 25 points or 1.8 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,540-point plateau although investors figure to lock in gains on Wednesday.
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1h 28min ago
Japan Stock Market May Spin Its Wheels On Wednesday
The Japan stock market on Tuesday wrote a finish to the five-day winning streak in which it had surged more than 2,300 points or 5.6 percent. The Nikkei 225 now sits just beneath the 40,000-point plateau and it may extend its losses on Wednesday.
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1h 43min ago
South Korea Consumer Prices Unchanged In June
Consumer prices in South Korea were flat on a seasonally adjusted monthly basis in June, Statistics Korea said on Wednesday - in line with expectations after slipping 0.1 percent in May.
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1h 49min ago
KOSPI May Sputter On Wednesday
The South Korea stock market has moved higher in back-to-back sessions, advancing more than 30 points or 1 percent along the way. The KOSPI now sits just beneath the 3,090-point plateau although it may be stuck in neutral on Wednesday.
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1h 58min ago
Australia Retail Sales Data Due On Wednesday
Australia will on Wednesday release May figures for retail sales, highlighting a modest day for Asia-Pacific economic activity. Sales are expected to rise 0.3 percent on month after easing 0.1 percent in April.
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2h 58min ago
U.S. Dollar Advances Amid Strong Economic Data
The U.S. dollar strengthened against its major counterparts in the New York session on Tuesday, as economic data came in above estimates and Federal Reserve Chair Jerome Powell maintained a data-dependent approach to rate cuts.
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3h 25min ago
