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Forex News
UK Budget Logs Second Biggest March Shortfall
The UK budget deficit widened sharply to the second highest level for the month of March taking the overall borrowing for the financial year ending March 2023 to the fourth biggest on record, official data revealed Tuesday. Excluding banks, public sector net borrowing increased by GBP 16.3 billion from the previous year to GBP 21.5 billion in March, the Office for National Statistics reported.
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Sensex, Nifty Finish Lackluster Session Marginally Higher
Indian shares ended Tuesday's lackluster session marginally higher despite weak global cues.
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European Shares Retreat As Banks And Miners Drag
European stocks edged lower on Tuesday as investors fretted about the outlook for economic growth and awaited earnings from U.S. heavyweights Microsoft Corp and Google-owner Alphabet later in the day.
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FTSE 100 Slips On Growth Worries
U.K. stocks traded lower on Tuesday as investors fretted about the outlook for economic and corporate earnings growth.
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CAC 40 Slips On Interest-rate Concerns
French stocks slipped into the red on Tuesday as investors fretted about higher interest rates and the outlook for economic growth.
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DAX Slides As Banking Jitters Return To Fore
German stocks were moving lower on Tuesday after U.S. lender First Republic Bank said its deposits tumbled more than $100 billion last quarter and that it was exploring options such as restructuring its balance sheet.
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UBS Stock Dips On Weak Q1 Results; Sees Higher Net Interest Income
Shares of UBS Group AG were losing around 4 percent in the morning trading in Switzerland as well as in pre-market activity on the NYSE after the banking major reported Tuesday sharply lower profit in its first quarter due to increased U.S. litigation provision and weak revenues. The Swiss bank, which is in deal to buy domestic peer Credit Suisse Group AG, also warned about ongoing uncertainties
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Asian Shares Broadly Lower In Thin Holiday Trade
Asian stocks ended mostly lower in thin trade on Tuesday, with Australian and New Zealand markets closed for a public holiday.
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European Economic News Preview: UK Public Sector Finance Data Due
Public sector finance data from the UK is the top economic news due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics is scheduled to issue UK public sector finance data. The budget deficit is seen widening to GBP 22.9 billion in March from GBP 15.8 billion in February.
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European Shares To Drift Lower At Open
European stocks may drift lower at open on Tuesday as investors fret over a slowdown in economic and corporate earnings growth.
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Euro Rises Against Majors
The euro strengthened against other major currencies in the Asian session on Tuesday.
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U.S. Dollar Slides Against Most Majors
The U.S. dollar weakened against most major currencies in the Asian session on Tuesday.
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Yen Falls Against Majors Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Tuesday.
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