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RBA Minutes On Tap For Tuesday
(RTTNews) - The Reserve Bank of Australia will on Monday release the minutes from its monetary policy meeting on June 7, highlighting a light day for Asia-Pacific economic activity.
At the meeting, the RBA raised its key interest rate by a bigger-than-expected 50 basis points to 0.85 percent from 0.35 percent, which was the biggest hike since 2000, and vowed to withdraw the monetary support to bring inflation back to the target. This was the second consecutive rate hike after lifting a quarter-point in May.
Hong Kong will see Q1 numbers for current account and May inflation data. The current account surplus was HKD96.1 billion in the previous quarter. Inflation in April was down 0.2 percent on month and up 1.3 percent on year.
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U.S. Dollar Higher After Strong Jobs Data
The U.S. dollar firmed against its major counterparts in the New York session on Friday, following the release of better-than-expected nonfarm payrolls report for May.
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19h 33min ago
Swiss Market Ends Modestly Higher
After a flat start and a subsequent modest upmove, the Switzerland market turned subdued and fell into negative territory by noon on Friday, but recovered gradually to finally end the day's session on a positive note.
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21h 5min ago
European Markets Close Higher
The major European markets closed slightly higher on Friday, supported by data showing stronger-than-expected jobs growth in the U.S., and an upward revision in eurozone first-quarter GDP.
Weak industrial production data from Germany and France, and persisting concerns about U.S. tariffs limited markets' upside.
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21h 31min ago
CPSC Recalls: 3.8 Mln Dumbbells, 1.7 Mln Air Conditioners, Golf Cars, CO Detectors, Casters, E-Bikes
The U.S. Consumer Product safety Commission or CPSC has announced various recalls including around 3.8 million units of dumbbells by Johnson Health Tech Trading, 1.7 million air conditioners by Midea America Corp., around 352 thousand units of Yamaha golf cars including previously recalled ones, and around 50 thousand units of Apollo America's Combination Smoke and Carbon Monoxide or CO Detectors.
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22h 7min ago
TSX Pares Some Gains After Hitting Fresh Record High
Canadian stocks are up in positive territory in late morning trade on Friday, amid slightly easing concerns about tariffs following somewhat encouraging phone calls between the U.S. President Donald Trump and Chinese Premier Xi.
Investors are also digesting the nation's jobs data, as well the non-farm payrolls data from the U.S.
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23h 8min ago
U.S. Job Growth Slightly Exceeds Estimates In May
Employment in the U.S. increased by slightly more than expected in the month of May, according to a report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 139,000 jobs in May after jumping by a downwardly revised 147,000 jobs in April.
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1 day ago
U.S. Employment Jumps Slightly More Than Expected In May
Employment in the U.S. increased by slightly more than expected in the month of May, according to a report released by the Labor Department on Friday.
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1 day ago
Bay Street May Open Slightly Higher; U.S., Canadian Jobs Data In Focus
Higher Canadian and U.S. futures point to a slightly positive start on Bay Street Friday morning. The focus is on the crucial jobs data from Canada as well as the U.S.
Lingering concerns about trade tensions may weigh on sentiment and limit market's upside.
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1 day ago
