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Sensex, Nifty Rally On Strong Global Cues
Indian shares rose sharply on Tuesday after two consecutive sessions of losses.
Positive global cues helped underpin investor sentiment as investors pinned hopes that key U.S. inflation data for January due later in the day will show downward pressure on prices year-on-year.
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878 days ago
UK Jobless Rate Remains Stable, Wage Growth Exceeds Expectations
The UK unemployment rate remained unchanged and wages grew more than expected in the fourth quarter, persuading the hawkish members of the Bank of England rate-setting committee to keep hiking the interest rate. Data from the Office for National Statistics showed that the ILO unemployment rate was 3.7 percent in the three months to December, unchanged from the preceding period.
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878 days ago
European Shares Gain On Inflation Optimism
European stocks were moving higher on Tuesday as investors pinned hopes that key U.S. inflation data for January due later in the day will show downward pressure on prices year-on-year.
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878 days ago
ThyssenKrupp Stock Down On Weak Q1 Profit, Orders; Backs FY23 View
Shares of ThyssenKrupp AG were losing around 6 percent in the morning trading in Germany after the industrial engineering and steel company reported Tuesday weak profit and orders and flat revenues in its first quarter. The company also maintained its fiscal 2023 outlook, expecting lower earnings.
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878 days ago
India Wholesale Price Inflation At 2-Year Low On Easing Food, Energy Prices
India's wholesale price inflation softened further at the start of the year to the lowest level in twenty-four months amid continued slowdown in prices for food articles, fuel and power, provisional data from the Ministry of Commerce and Industry revealed on Tuesday. The wholesale price index, or WPI, climbed 4.73 percent year-over-year in January, slower than the 4.95 rise in December.
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878 days ago
FTSE 100 Gains On Inflation Optimism
U.K. stocks advanced on Tuesday, with expectations of cooling inflation and encouraging earnings updates helping underpin investor sentiment.
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878 days ago
CAC 40 Inches Higher As Investors Await US Inflation Data
French stocks opened higher on Tuesday, the dollar declined, and bond yields eased as investors remained convinced that key U.S. inflation data due later in the day would show an easing in price pressures on an annual basis.
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878 days ago
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DAX Edges Higher Ahead Of US Inflation Data
German stocks opened slightly higher on Tuesday amid expectations that key U.S. inflation data for January due later in the day will show downward pressure on prices year-on-year.
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878 days ago
Walmart To Close Three Tech Hubs, Urges Employees To Return To Offices
Walmart Inc. plans to close three of its 11 U.S. technology hubs, asking employees to relocate to other locations, the Wall Street Journal reported citing an internal memo. The retail major would also require nearly all technology employees to return to their offices for at least two days a week, while some roles may be converted into remote positions.
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878 days ago
Japanese Yen Higher As Ueda Nominated To Be BoJ Governor
The Japanese yen advanced against its major counterparts on Tuesday, following the nomination of Kazuo Ueda as the next governor of the Bank of Japan.
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878 days ago
Asian Shares Advance As Investors Await U.S. Inflation Data
Asian stocks rose on Tuesday, the dollar slipped, and Treasury bond yields remained pressured as investors remained convinced that key U.S. inflation data due later in the day would show an easing in price pressures on an annual basis.
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878 days ago
Australia Consumer Sentiment Weakens Sharply: Westpac
Australia's consumer sentiment declined sharply in February to near historic lows seen last year due to the cost of living pressures and interest rate hikes, survey results from Westpac showed on Tuesday. The Westpac-Melbourne Institute consumer sentiment index fell 6.9 percent to 78.5 in February from 84.3 in January.
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878 days ago
European Economic News Preview: UK Unemployment Data Due
The labor market statistics from the UK and flash quarterly national accounts from the euro area are the top economic news due on Tuesday. At 1.30 am ET, France's statistical office INSEE is set to release quarterly unemployment data. The jobless rate is seen unchanged at 7.3 percent in the fourth quarter.
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879 days ago
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