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UK Record Wage Growth Adds Pressure On BoE To Tighten Policy Again
Despite the rising unemployment, the UK wage growth registered its strongest growth on record in the three months to July adding pressure on the Bank of England to hike the interest rate further at its upcoming meeting this month. The unemployment rate rose to 4.3 percent in the three months to July from 4.2 percent in the preceding period.
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Euro Rises As Traders' Await ECB Rate Decision
The euro strengthened against other major currencies in the Asian session on Tuesday, as traders await the European Central Bank's latest policy decision due this week.
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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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European Shares Seen Tad Higher At Open
European stocks look set to open a tad higher on Tuesday as investors look ahead to the release of key U.S. inflation and other macroeconomic indicators this week ahead of the Federal Reserve's interest-rate decision due September 20.
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European Economic News Preview: UK Unemployment Data Due
Unemployment from the UK and economic sentiment survey results from Germany are the top economic news due on Tuesday. At 2.00 am ET, the Office for National Statistics releases UK labor market statistics. The ILO jobless rate is forecast to rise to 4.3 percent in three months to July from 4.2 percent in the preceding period.
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Sensex, Nifty Mixed On Profit Taking After Recent Gains
Indian shares traded mixed on Tuesday after recent string of gains to record highs.
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Asian Markets Mixed Amid Cautious Trades
Asian stock markets are mixed on Tuesday, following the broadly positive cues from global markets overnight, on easing concerns about the outlook for interest rates after reports suggested a shift in the US Fed's stance on rates. Traders also remain cautious while they await a slew of key economic data from the U.S., Europe and China this week, which could have an impact on interest rates.
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Sensex, Nifty Seen Higher At Open
Indian shares look set to extend recent gains to reach new highs on Tuesday after a rally for big tech stocks helped Wall Street claw back about half its loss from last week overnight.
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Japanese Market Modestly Higher
The Japanese stock market is modestly higher on Tuesday, recouping some of the losses in the previous three sessions, with the Nikkei 225 moving above the 32,600 level, following the broadly positive cues from global markets overnight, with gains in index heavyweights partially offset by losses in technology and financial stocks.
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Thai Stock Market May End Losing Streak
The Thai stock market has moved lower in two straight sessions, sinking almost 10 points or 0.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,540-point plateau although it's likely to stop the bleeding on Tuesday.
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Australian Market Notably Lower
The Australian stock market is notably lower on Tuesday, giving up the gains in the previous session, with the benchmark S&P/ASX 200 staying below the 7,200 level, following the broadly positive cues from global markets overnight, with losses in energy, financial and technology stocks, partially offset by gains in mining stocks.
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Higher Open Anticipated For Indonesia Stock Market
The Indonesia stock market on Monday wrote a finish to the two-day losing streak in which it had slumped more than 70 points or 1 percent. The Jakarta Composite Index now sits just above the 6,960-point plateau and it's predicted to move to the upside again on Tuesday.
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Bargain Hunting Expected To Lift Hong Kong Shares
The Hong Kong stock market has moved lower in five straight sessions, tumbling more than 750 points or 4.2 percent along the way. The Hang Seng Index now sits just beneath the 18,100-point plateau although it's overdue for support on Tuesday.
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