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DAX Edges Higher On Fed, ECB Rate Cut Hopes
(RTTNews) - German stocks traded slightly higher on Monday as weaker-than-expected April U.S. jobs report released on Friday along with separate data showing an unexpected contraction in U.S. service sector activity in April boosted the case for rate cuts by the third quarter.
Closer home, media reports quoted European Central Bank Chief Economist Philip Lane as saying that inflation is returning to the target in a timely manner and hence there is a stronger case for June rate cut.
He is one of the six members of the Executive Board of the European Central Bank, along with President Christine Lagarde and Vice President Luis de Guindos.
The benchmark DAX was up 49 points, or 0.3 percent, at 18,050 after rising 0.6 percent on Friday.
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Taiwan Stock Market May Spin Its Wheels On Wednesday
The Taiwan stock market has moved higher in back-to-back sessions, collecting more than 675 points or 2.7 percent along the way. The Taiwan Stock Exchange now sits just beneath the 26,250-point plateau although it's expected to be stuck in neutral on Wednesday.
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12 minuter sedan
Singapore Bourse May Hand Back Tuesday's Gains
The Singapore stock market on Tuesday finally halted the seven-day losing streak in which it had slumped more than 55 points or 1.3 percent. The Straits Times Index now sits just above the 4,300-point plateau although it may head south again on Wednesday.
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42 minuter sedan
Rally May Stall For Malaysia Stock Market
The Malaysia stock market has ticked higher in two straight sessions, collecting more than 5 points or 0.3 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it may run out of steam on Wednesday.
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1h 12minuter sedan
Renewed Selling Pressure Likely For Japan Stock Market
Ahead of Tuesday's holiday for the Autumnal Equinox, the Japanese stock market had alternated between positive and negative finishes through the previous four trading days, since the end of the four-day winning streak in which it had surged more than 1,430 points or 3.2 percent. The Nikkei 225 now sits just beneath the 45,500-point plateau and it's looking at a soft start on Wednesday.
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1h 27minuter sedan
KOSPI Due For Profit Taking On Wednesday
The South Korea stock market has finished higher in back-to-back sessions, advancing more than 40 points or 1.1 percent along the way. Now at another fresh record closing high, the KOSPI sits just above the 3,485-point plateau although investors are likely to lock in gains on Wednesday.
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1h 42minuter sedan
Consumer Confidence Ebbs In September - BoK
Consumer confidence in South Korea dipped in September, the latest survey from the Bank of Korea said on Wednesday with a consumer sentiment index score of 110.1.
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1h 59minuter sedan
U.S. Dollar Weakens Against Some Majors
The U.S. dollar fell against some of its major counterparts in the New York session on Tuesday.
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2h 36minuter sedan
Japan Manufacturing PMI Data Due On Wednesday
Japan will on Wednesday see September results for the manufacturing and services PMIs from Jibun Bank, highlighting a light day for Asia-Pacific economic activity. In August, their scores were 49.7 and 53.1, respectively.
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2h 42minuter sedan
