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European Economic News Preview: German Ifo Business Confidence Due
(RTTNews) - Business confidence survey data from Germany is the top economic news due on Tuesday, headlining a light day for the European economic news.
At 4.00 am ET, Spain's INE publishes producer prices for February. Prices had increased 2.6 percent annually in January.
At 5.00 am ET, Germany's ifo business confidence survey results are due. The business confidence index is forecast to rise to 86.8 in March from 85.2 in the previous month. At 7.00 am ET, the Confederation of British Industry publishes Distributive Trades survey results. The retail sales balance is expected to fall to -28 percent in March from -23 percent in February.
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Antipodean Currencies Rise As Traders Await U.S. PCE Inflation Data
The antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major currencies in the Asian session on Friday, as traders await the July Personal Consumption Expenditures (PCE) price index due later in the day.
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NZ Dollar Advances Against Majors
The New Zealand dollar strengthened against other major currencies in the Asian session on Friday.
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Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the Asian session on Friday.
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European Shares Seen Mostly Lower Before US Inflation Data
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Indian shares were little changed on Friday, giving up early gains amid mounting concerns about the impact of U.S. tariffs on Indian goods.
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Australian Market Swings To Modest Gains In Mid-market
The Australian stock market is swinging to modest gains in mid-market moves on Friday after opening in the red, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 9,000 mark, with gains in energy and technology stocks partially offset by weakness in mining and financial stocks.
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