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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 seem cautious and reluctant to make significant moves amid uncertainty about the pace of economic growth amid rising interest rates. Hopes of additional economic stimulus package in China helped limit downside. Asian markets closed mostly higher on Monday.
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736 days ago
Sensex, Nifty To See Cautious Gains On Muted Global Cues
Indian shares may open on a cautious note Tuesday, tracking muted global cues.
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736 days ago
Japanese Market Significantly Lower
The Japanese stock market is significantly lower on Tuesday, giving up some of the gains in the previous session, with the Nikkei 225 falling below the 33,400 level, despite the broadly positive cues from Wall Street overnight, as some traders booked profits after the recent surge in the market to take the index to 33-year highs.
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736 days ago
Australian Market Slightly Higher
The Australian stock market is slightly higher on Tuesday, extending the gains in the previous two sessions, with the benchmark S&P/ASX 200 staying above the 7,200 level, following the broadly positive cues from Wall Street overnight, as traders remain cautious ahead of the Reserve Bank of Australia's monetary policy decision later in the day.
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736 days ago
Swiss Market Ends On Weak Note
The Switzerland stock market ended on a weak note on Monday as stocks retreated after staying positive till around mid afternoon.
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736 days ago
Major European Markets Fail To Hold Early Gains, Close Weak
Despite staying positive till about an hour past noon, the major European markets ended lower on Monday as stocks pared gains with investors turning cautious due uncertainty about the pace of economic growth amid rising interest rates.
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736 days ago
U.S. Construction Spending Climbs More Than Expected In May
A report released by the Commerce Department on Monday showed U.S. construction spending climbed by more than expected in the month of May, although the advance came following a notably downwardly revised increase in April.
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736 days ago
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U.S. Manufacturing Index Unexpectedly Indicates Slightly Faster Contraction In June
Manufacturing activity in the U.S. unexpectedly contracted at a slightly faster rate in the month of June, according to a report released by the Institute for Supply Management on Monday. The ISM said its manufacturing PMI edged down to 46.0 in June from 46.9 in May, with a reading below 50 indicating contraction.
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736 days ago
Dollar Muted As Inflation Eases
The ECB Forum on Central Banking and the commentaries from major central banks set the tone for currency markets at the beginning of the week spanning June 26 - 30. Major central banks hinted at continuing the inflation combat and persisting with the rate hikes, causing currency markets to price in the forward guidance.
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736 days ago
UK Manufacturing Contracts Again As Uncertainty Weighs On Demand
Despite easing price and supply chain pressures, the UK manufacturing activity shrank further in June amid an uncertain outlook for both domestic and foreign orders, final survey results from S&P Global and the Chartered Institute of Procurement & Supply showed on Monday. The CIPS Purchasing Managers' Index, or PMI, for manufacturing declined to 46.5 in June from 47.1 in the previous month.
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736 days ago
Eurozone Manufacturing Sector Shrinks Most In More Than 3 Years
The downturn in the euro area manufacturing sector intensified in June with the sharp reductions in production and orders, reflecting the impact of monetary policy tightening in the private sector. The final HCOB manufacturing Purchasing Managers' Index, or PMI, declined to 43.4 in June from 44.8 in May, survey data from S&P Global showed Monday.
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736 days ago
Coherus Rolls Out YUSIMRY At $995 Per Carton In US
Coherus BioSciences, Inc. (CHRS) announced Monday that YUSIMRY (adalimumab-aqvh) is now available for commercial sale in the United States at a list price of $995 per carton for two 40 mg/0.8 mL autoinjectors.
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736 days ago
Tesla Vehicle Deliveries Surge; Stock Up In Premarket
Tesla Inc. said it produced nearly 480,000 vehicles and delivered over 466,000 vehicles in the second quarter, both significantly higher than the prior year. The growth reflects the automotive major's recent action to slash vehicle prices in its key markets to boost demand. In pre-market activity on Nasdaq, Tesla shares were gaining around 7 percent.
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736 days ago
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