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Asian Shares Mixed As Rate Worries Weigh
Asian stocks ended mixed on Friday as China stimulus hopes offset interest-rate worries and mixed data from China.
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Electrolux Reannounces Recall Of Frigidaire, Kenmore Electric Ranges
Consumer electronics major Electrolux Group has reannounced its previous recall of Frigidaire and Kenmore electric ranges following multiple reports of fires and injuries. The recall involves about 203,000 units of Frigidaire and Kenmore Smooth-top Freestanding Electric Ranges, which were previously recalled in August 2009.
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Malaysia GDP Growth Rebounds More Than Estimated
Malaysia's economy logged a stronger-than-estimated rebound in the first quarter on household spending and investment, the second estimate from the Department of Statistics showed on Friday. Gross domestic product grew by a revised 4.2 percent on a yearly basis in the first quarter, the fastest expansion since the first quarter of 2023.
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European Economic News Preview: Eurozone Final Inflation Data Due
Final inflation data from the euro area is the top economic news due on Friday, headlining a light day for the European economic news. At 2.30 am ET, Switzerland's Federal Statistical Office publishes quarterly industrial production data for the first quarter.
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European Shares Set To Drift Lower After Hawkish Fed Comments
European shares are seen opening on a sluggish note Friday after comments from three Federal Reserve officials suggested that U.S. interest rates are likely to stay higher for longer.
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Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Friday.
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Sensex, Nifty Tad Lower In Early Trade; Mahindra & Mahindra Shares Rally 7%
Indian shares opened a tad lower on Friday after three Federal Reserve officials argued in favor of keeping borrowing costs high until there's more evidence of easing inflation.
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more news
Asian Markets Track Global Markets Lower
Asian stock markets are trading mostly lower on Friday, following the broadly negative cues from global markets overnight, as traders seemingly pausing to assess the near-term outlook for the markets and indulged in taking out some profit from the market following recent gains after the recent rally. Asian markets ended mostly higher on Thursday.
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Sensex, Nifty Likely To Open On Lackluster Note
Indian shares are likely to open on a muted note Friday, mirroring tepid cues from global markets.
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Lower Open Predicted For Thai Stock Market
The Thai stock market bounced higher again on Thursday, one day after ending the three-day winning streak in which it had improved 7 points or 0.5 percent. The Stock Exchange of Thailand now sits just above the 1,375-point plateau although it's looking at a soft start on Friday.
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Japanese Market Notably Lower
The Japanese stock market is notably lower on Friday, snapping a five-session winning streak, following the broadly negative cues from global markets overnight. The benchmark Nikkei 225 is falling below the 38,800 level, with weakness in index heavyweights and technology stocks partially offset by gains in financial stocks.
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Indonesia Stock Market May Be Stuck In Neutral On Friday
The Indonesia stock market has moved higher in two straight sessions, gathering more than 160 points or 2.3 percent along the way. The Jakarta Composite Index now sits just beneath the 7,250-point plateau although it may run out of steam on Friday.
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Australian Market Notably Lower
Giving up some of the gains in the previous two sessions, the Australian stock market is notably lower on Friday, following the broadly negative cues from global markets overnight. The benchmark S&P/ASX 200 is staying below the 7,900 level, with losses across most sectors led by gold miners and technology stocks. Iron ore miners are up amid firmer iron ore prices.
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