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UK Retail Sales Expand More Strongly On Valentine's Day Boost

UK retail sales grew at a faster pace in February boosted by the Valentine's Day celebrations despite the cost of living crisis, data published by the British Retail Consortium and accountancy firm KPMG showed on Tuesday. Separate data from Barclays showed that Britons cut back on their card spend on non-essential goods in February.

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Australia Hikes Key Rate To Near 11-Year High

Australia's central bank hiked its key interest rate by a quarter-point to a more than 10-year high and signaled more tightening to combat high inflation. The policy board of the Reserve Bank of Australia decided to lift the cash rate target by 25 basis points to 3.60 percent. The decision was as widely expected. The interest rate on Exchange Settlement balances was also raised by 25 basis points.

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Henkel FY22 Profit Down, Sees Slower Organic Sales Growth In FY23; Stock Down

Shares of Henkel AG & Co. KGaA were losing around 3 percent in the morning trading in Germany after the chemical and consumer goods firm reported Tuesday weak earnings in its fiscal 2022, despite increased sales. Further, the company maintained its dividend, and said it sees slower organic sales growth in fiscal 2023. For fiscal 2023, Henkel expects organic sales growth would be between 1 and 3...

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European Shares Edge Higher In Lackluster Trade Ahead Of Powell Testimony

European stocks were flat to slightly higher on Tuesday as investors looked for more clues on the outlook for U.S. interest rate hikes.

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Facebook Parent Meta Reportedly To Cut Thousands More Jobs

Meta Platforms Inc., the owner of Facebook and Instagram, is planning to cut thousands of more employees as soon as this week in a fresh round of layoffs, Bloomberg reported citing people familiar with the matter. The report said the company is planning to offer buyout packages to managers and cutting whole teams it considered nonessential. Directors and vice presidents were asked to make lists...

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FTSE 100 Edges Higher In Cautious Trade

U.K. stocks were slightly higher on Tuesday ahead of a testimony by Federal Reserve Chair Jerome Powell later in the day.

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CAC 40 Little Changed As Investors Await Cues From Powell

French stocks were little changed on Tuesday as investors looked for more clues on the outlook for U.S. interest rate hikes.

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DAX Marginally Higher Ahead Of Powell Testimony

German stocks were marginally higher on Tuesday after data showed Germany's factory orders unexpectedly expanded in January underpinned by foreign demand.

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Asian Shares Mixed Ahead Of Fed Chair's Testimony

Asian stocks ended mixed on Tuesday, the dollar treaded water and bond yields eased amid bets that Fed Chair Jerome Powell will sound less hawkish during a two-day testimony before Congress, being later in the day.

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China Exports Continue To Fall On Weak Global Demand

China's exports continued to decline at the start of the year, reflecting the challenges posed by the global economy that constrained the ability of Beijing to set robust growth target. Exports declined 6.8 percent in the January to February period from the same period last year, the General Administration of Customs reported Tuesday.

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