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Japan Composite PMI Data Due On Tuesday
(RTTNews) - Japan will on Tuesday see preliminary January figures for its composite PMI from Jibun Bank, highlighting a light day for Asia-Pacific economic activity. In December, the PMI score was 48.9.
Thailand will see December results for imports, exports and trade balance. Imports are expected to sink 8.00 percent on year after rising 5.60 percent in November, Exports are called lower by an annual 10.65 percent after slipping 6.00 percent in the previous month. The trade deficit is pegged at $1.100 billion following the $1.340 billion shortfall a month earlier.
Finally, many of the regional markets remain closed on Tuesday for the Lunar New Year holiday, including South Korea, Malaysia, Singapore, Taiwan, China and Hong Kong.
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Yen Slides Amid Risk-on Mood
The Japanese yen weakened against other major currencies in the Asian session on Wednesday amid increased risk-on by the investors, as traders react to China's central bank saying it would cut its key policy rate by 10 basis points and lower the reserve requirement ratio by 50 basis points to boost growth. There is also confirmation that U.S. and Chinese officials are set to start formal trade talks this week.
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12 minut temu
Yen Slides Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Wednesday.
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1g 2 minut temu
China Unveils Monetary Easing Measures
The People's Bank of China reduced its benchmark interest rate and reserve requirement ratio and also unveiled a slew of measures to support economy hit by trade tariffs. The PBoC cut the 7-day reverse repo rate by 10 basis points to 1.4 percent. The new rate takes effect on May 8.
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1g 17 minut temu
European Shares Seen Up As China Eases Policy To Boost Growth
European stocks are seen opening broadly higher on Wednesday after chipmaker AMD reported better-than-expected earnings results and Chinese authorities announced a raft of stimulus measures, including interest rate cuts and a major liquidity injection, to help boost the economy.
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2g 59 minut temu
European Economic News Preview: Germany Factory Orders Data Due
Factory orders and construction Purchasing Managers' survey results from Germany are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's factory orders data for March. Orders are forecast to grow 1.4 percent month-on-month, after remaining flat in February.
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3g 14 minut temu
Sensex, Nifty Marginally Higher In Cautious Trade
Indian shares were flat to slightly higher on Wednesday after the Indian Armed Forces launched precision missile strikes under 'Operation Sindoor', targeting nine terrorist sites in Pakistan and Pakistan-occupied Kashmir (PoK) in a strong response to the brutal Pahalgam terror attack.
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4g 9 minut temu
Australian Market Extends Early Gains In Mid-market
The Australian stock market is extending its early gains in mid-market moves on Wednesday, recouping some of the losses in the previous two sessions, with the benchmark S&P/ASX 200 staying well below the 8,200 level, despite the broadly negative cues from Wall Street overnight, with gains across most sectors led by mining and technology stocks.
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5g 11 minut temu
Asian Markets Trade Mostly Higher
Asian stock markets are trading mostly higher on Wednesday, despite the negative cues from Wall Street overnight, as traders react to China's central bank saying it would cut its key policy rate by 10 basis points and lower the reserve requirement ratio by 50 basis points to boost growth. There is also confirmation that U.S. and Chinese officials are set to start formal trade talks this week.
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5g 26 minut temu
