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CAC 40 Drops On China Concerns
French stocks fell notably on Monday after a slew of Chinese data including reports on GDP, industrial output and retail sales proved to be a mixed bag, raising concerns about economic recovery in the world's second-largest economy.
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DAX Little Changed In Lackluster Trade; Banks Gain
German stocks were little changed on Monday after China's GDP data for the second quarter came in below estimates, raising concerns about recovery in the world's second-largest economy.
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Asian Shares Edge Lower On China Recovery Concerns
Asian stocks ended lower on Monday as Chins published mixed data, adding to concerns about economic recovery in the world's second-largest economy.
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Antipodean Currencies Slide On Soft China GDP Data
The antipodean currencies such as the Australia and the New Zealand dollars weakened against their major rivals in the Asian session on Monday, after the Chinese economy grew less than expected in the second quarter.
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European Economic News Preview: Italy Final Inflation Data Due
Final inflation from Italy is the only major economic data due on Monday, headlining a very light day for the European economic news. At 4.00 am ET, Italy's Istat publishes final consumer and harmonized prices for June. The initial estimate showed consumer price inflation eased to 6.4 percent in June from 7.6 percent in May. The statistical office is expected to confirm the preliminary estimate.
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European Shares To See Cautious Start After Mixed China Data
European stocks are likely to open a tad lower on Monday as investors await more U.S. economic data and corporate earnings this week for directional cues.
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NZ Dollar Slides Against Most Majors
The New Zealand dollar weakened against most major currencies in the Asian session on Monday.
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Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Monday.
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Sensex, Nifty Little Changed In Lackluster Trade
Indian shares opened on a flat note Monday, tracking muted cues from global markets.
The benchmark S&P BSE Sensex was down 20 points at 66,040 while the broader NSE Nifty index was up 4 points at 19,568.
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Asian Markets Mostly Lower
Asian stock markets are trading mostly lower on Monday, following the mixed cues from Wall Street on Friday, as trader's book some profits after the recent rally on the heels encouraging US inflation data. There is also optimism about the US Fed being close to ending its monetary policy tightening. Asian markets closed mostly higher on Friday.
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Australian Market Slightly Weak
The Australian stock market is slightly lower on Monday, snapping the four-session winning streak, with the benchmark S&P/ASX 200 falling below the 7,300 level, following the mixed cues from Wall Street on Friday, as traders are cautious ahead of the release of the Reserve Bank of Australia's June monetary policy meeting minutes later in the week. They are also booking profits after recent rally.
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TSX Ends Slightly Lower
After posting gains in the previous three sessions, the Canadian market ended slightly weak on Friday.
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Dollar Recovers After Strong Consumer Sentiment Data
The U.S. dollar climbed higher on Friday, recovering from recent losses, after data from the University of Michigan showed consumer sentiment soared to nearly 2-year high in July.
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