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New Zealand Rate Decision Due On Wednesday
(RTTNews) - The Reserve Bank of New Zealand will wrap up its monetary policy meeting on Wednesday and then announce its decision on interest rates, highlighting a light day in Asia-Pacific economic activity.
The RBNZ is widely expected to keep its Official Cash Rate unchanged at 5.50 percent.
Australia will provide Q3 data for construction work done, with forecasts suggesting an increase of 0.3 percent on quarter following the 0.4 percent gain in the three months prior.
The central bank in Thailand will conclude its monetary policy meeting and then announce its decision on interest rates. The bank is widely expected to keep its benchmark lending rate steady at 2.50 percent.
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NZ Dollar Advances Against Majors
The New Zealand dollar strengthened against other major currencies in the Asian session on Thursday.
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16 minuter sedan
Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the Asian session on Thursday.
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25 minuter sedan
German Exports Recover In June
Germany's exports grew for the first time in three months in June despite falling shipments to the US, data from Destatis revealed Thursday. Exports advanced 0.8 percent on a monthly basis in June, reversing a fall of 1.4 percent in May. Shipments were expected to rise 0.5 percent. Reflecting the impact of higher tariff, exports to the United States dropped 2.1 percent on a monthly basis.
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27 minuter sedan
European Economic News Preview: BoE Likely To Cut Rates
The Bank of England is widely expected to cut its interest rates for the fifth time in a year to support the economy even as inflation continued to stay stubbornly above the target. Markets anticipate a quarter-point cut, bringing the bank rate to 4.00 percent, which will be the lowest since early 2023.
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1h 32minuter sedan
European Shares Poised For Mixed Open
European stocks are seen opening on a mixed note Thursday after U.S. President Donald Trump announced he will impose a 100 percent tariff on imports of semiconductors and chips, with exemptions for companies relocating production to the U.S.
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1h 57minuter sedan
Sensex, Nifty Open Lower On Tariff Concerns
Indian shares opened a tad lower on Thursday after U.S. President Donald Trump signed an executive order imposing an additional 25 percent tariff on India as a "penalty" in response to its continued purchase of Russian oil.
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3h 4minuter sedan
Australian Market Extends Early Losses In Mid-market
The Australian market is extending early losses in mid-market moves on Thursday, snapping a three session winning streak, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 8,850 level, with weakness in iron ore miners and energy stocks.
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4h 1minuter sedan
Asian Markets Trade Mostly Higher
Asian stock markets are trading mostly higher on Thursday, despite the broadly positive cues from Wall Street overnight, after U.S. President Donald Trump said the U.S. was closing in on the trade deal with China. Traders also remain optimistic about the US Fed cutting interest rates as early as September based on the recent economic data from the U.S.
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4h 29minuter sedan
