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DAX Slips As Factory Orders Tumble
The DAX benchmark of the Frankfurt bourse moved lower amidst weak economic data that added to the concerns about growth in the region.
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Europen Markets Trading Lower Over Concerns About Economy, Oil, Weak Data
Europen shares are lower in the mid day trading on Wednesday with much weakness in London and Paris following mixed trading in Asian markets and negative Wall Street sentiment. Investors continue to worry about the global economy and rising crude oil prices, and are anxious towards trade and inflation data due from China later in the week.
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Schneider National Names Darrell Campbell To Succeed Steve Bruffett As CFO
Schneider National, Inc. (SNDR), a multimodal provider of transportation, intermodal and logistics services, announced Wednesday that Darrell Campbell will join the company on September 30, 2023, as Executive Vice President and Chief Financial Officer (CFO).
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Asian Stock Markets Fret About Global Growth
Asian markets finished trading on a mostly negative note, amidst concerns about growth in China as well the broader world economy. The rise in crude oil prices also weighed on sentiment.
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Eurozone July Retail Sales Decline More Than Expected
Euro area retail sales fell for the first time in four months and at a slightly faster than expected pace in July, led by a slump in sales of auto fuel, preliminary data from the statistical office Eurostat showed Wednesday. Retail sales decreased 0.2 percent month-on-month in July, which was slightly faster than the 0.1 percent fall economists had expected.
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European Markets Seen Opening Lower
Markets in Europe are expected to open on a negative note on Wednesday amidst worries about the global economy, the rising crude oil prices and the economic health of the region.
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Malaysian Ringgit Retreats To More Than 2-month Low Against U.S. Dollar
The Malaysian Ringgit retreated from a recent gain against the U.S. dollar in the Asian session on Wednesday.
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Singapore Dollar Slides To Near 10-month Low Against U.S. Dollar
The Singapore dollar weakened against the U.S. dollar in the Asian session on Wednesday.
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Chinese Yuan Falls To 10-month Low Against U.S. Dollar
The Chinese yuan weakened against the U.S. dollar in the Asian session on Wednesday.
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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 publish Germany's foreign trade figures for July. Orders are seen falling 4.0 percent on month, reversing June's 7.0 percent increase.
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Asian Markets Track Global Markets Lower
Asian stock markets are trading mostly lower on Wednesday, following the broadly negative cues from global markets overnight, amid concerns about global economic slowdown after release of disappointing data that showed weak services activity in China and slowing eurozone business activity. The weakening of major Asian currencies against the US dollar hurt as well.
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Japanese Market Notably Higher
The Japanese stock market is notably higher on Wednesday, extending the gains in the previous seven sessions, with the Nikkei 225 moving above the 33,100 level, despite the broadly negative cues from global markets overnight, with gains across most sectors, led by exporters and technology stocks.
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No Help Yet For Thai Stock Market
The Thai stock market has moved lower in four straight sessions, sinking almost 30 points or 2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,550-point plateau and it's got another negative lead again for Wednesday's trade.
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