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Sensex, Nifty Plunge As Banks And Metal Stocks Drag
Indian shares ended deep in the red on Wednesday as hawkish signals from Fed and ECB officials coupled with signs of an uptick in inflation in the U.K. and Eurozone raised more doubts about the prospects for early rate cuts.
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Apple To Allow Outside Payments For Apps
Apple Inc. has updated its App Store policies, allowing developers to direct customers to outside payment platforms. The development comes as the Supreme Court has declined to review the antitrust case between Apple and Epic Games, where Epic Games sought a ruling to prevent Apple from making changes to its App Store rules.
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Pound Rises Against Majors
The British pound strengthened against other major currencies in the European session on Wednesday.
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European Shares Tumble On China Data, Rate-cut Doubts
European stocks traded sharply lower on Wednesday after several ECB policymakers warned that markets are getting ahead on rate cut expectations.
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FTSE 100 Declines As Inflation Rises
U.K. stocks tumbled on Wednesday while the British pound rose against the dollar and euro after data showed U.K. consumer price inflation picked up unexpectedly in December on alcohol and tobacco prices.
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CAC 40 Slips On Uncertainty Over Rate Cuts
French stocks retreated on Wednesday after several European Central Bank officials pushed back against investors' bets that they will start cutting interest rates this spring.
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DAX Declines On China Recovery Concerns
German stocks fell sharply on Wednesday as a slew of mixed Chinese economic data released earlier today added to concerns over the economic outlook for 2024.
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Asian Shares Decline After Mixed China Data
Asian stocks declined on Wednesday as investors reacted to mixed Chinese data and kept a wary eye on the latest developments in the Middle East.
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China GDP Growth Misses Expectations
China's economic growth missed expectations in the fourth quarter but the pace of whole year expansion met the government target despite the property crisis, weak global demand and overburdened government debt. Gross domestic product registered 5.2 percent annual growth in the fourth quarter, data released by the National Bureau of Statistics showed on Wednesday.
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Australian Dollar Slides Amid Risk Aversion
The Australian dollar weakened against other major currencies in the Asian session on Wednesday amid risk aversion, as weak crude oil and bullion prices triggered some heavy selling at several counters in energy and materials sectors.
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European Shares Set To Fall As China GDP Data Shows Patchy Recovery
European stocks are likely to open on a subdued note Wednesday after China posted sluggish GDP growth in 2023.
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Australian Dollar Slides Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Wednesday.
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Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Wednesday.
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