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NZ Dollar Appreciates Amid China Reopening Signals
The NZ dollar climbed against its major counterparts in the Asian session on Monday, as investors bet on a gradual reopening of Chinese economy following a relaxation of travel restrictions in more cities.
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Nestle Purina Recalls Certain Pro Plan Dog Food
Nestle Purina PetCare Co. has recalled a limited amount of certain prescription wet dog food citing labeling error, the U.S. Food and Drug Administration said. The recall involves Purina Pro Plan Veterinary Diets EN Gastroenteric Low Fat or PPVD EN Low Fat wet dog food that comes in 13.4 oz cans.
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European Economics Preview: Eurozone Retail Sales, Final PMI Due
Retail sales and final Purchasing Managers' survey results from the euro area are the top economic data due on Monday, headlining a busy day for the European economic news. At 3.00 am ET, retail sales from Hungary and real wages from the Czech Republic are due.
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European Shares Seen Tad Higher On China Reopening Hopes
European stocks may open on a steady note Monday as more Chinese cities relaxed some anti-COVID measures and testing mandates over the weekend, helping improve investors' appetite for riskier assets.
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Sensex, Nifty Decline On Fed Worries
Indian shares were subdued in early trade on Monday as robust U.S. jobs data released on Friday fanned concerns that the Federal Reserve might stick with its hawkish stance.
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Asian Markets Are Mostly Higher
Asian stock markets are trading mostly higher on Monday, following the mixed cues from Wall Street on Friday, as traders remain optimistic that the US Fed will slow the pace of interest rate hikes as early as next month, despite data showing stronger than expected job growth in November that allayed fears of a global economic slowdown. Asian markets closed mostly lower on Friday.
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Sensex, Nifty Seen Tad Higher At Open On Firm Asian Cues
Indian shares look set to open flat to slightly higher on Monday, as better than expected U.S. jobs data allayed fears of a global economic slowdown but stirred anxiety over the pace of future rate increases.
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Japanese Market Slightly Higher
The Japanese stock market is slightly higher on Monday, recouping some of the losses in the previous session, with the Nikkei 225 moving above the 27,800 level, following the mixed cues from Wall Street on Friday, as traders remain concerned about the outlook for interest rates following data that showed stronger-than-expected US jobs data.
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Losing Streak May Continue For Indonesia Stock Market
The Indonesia stock market has moved lower in back-to-back sessions, slipping more than 60 points or 0.8 percent along the way. The Jakarta Composite Index now rests just beneath the 7,020-point plateau and it's predicted to open under pressure again on Monday.
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China Services PMI Slips To 46.7 In November - Caixin
The services sector in China continued to contract in November, and at a faster pace, the latest survey from Caixin said on Monday with a PMI score of 46.7.
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Australian Market Modestly Higher
The Australian stock market is modestly higher on Monday, recouping some of the losses in the previous session, with the benchmark S&P/ASX 200 staying above the 7,300 level, following mixed cues from Wall Street on Friday, with the gains led by strength in major miners amid a spike in iron ore prices. Energy stocks are also higher, while technology stocks are weak.
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More Profit Taking Likely For Hong Kong Shares
The Hong Kong stock market on Friday snapped the three-day winning streak in which it had skyrocketed almost 1,450 points or 7.8 percent. The Hang Seng Index now sits just above the 18,675-point plateau and it's looking at another soft start again on Monday.
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Singapore Private Sector Slows In November - S&P Global
The private sector in Singapore continued to expand in November, albeit at a slower pace, the latest survey from S&P Global revealed on Monday with a PMI score of 56.2.
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