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DAX Rises On China Stimulus Hopes
(RTTNews) - German stocks traded higher on Friday after China's cabinet vowed to act decisively in ramping up support for the ailing economy.
Authorities will seize the window of opportunity and "decisively enhance the strength (of policy), roll out all policy measures that are needed to stabilize the economy", the cabinet was quoted as saying after a regular meeting.
Investors were also reacting to comments by U.S. President Joe Biden to The Associated Press on Thursday that he saw reasons for optimism about the economy. A recession is "not inevitable," Biden said.
The benchmark DAX jumped 137 points, or 1.1 percent, to 13,175 after losing 3.3 percent the previous day.
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Thailand GDP Growth Slows More Than Forecast
Thailand's economic growth eased more than expected in the third quarter due to the fall in manufacturing output and softened tourism-related services, official data showed Monday. Gross domestic product grew 1.2 percent year-on-year in the third quarter, the National Economic and Social Development Council, or NESDC, said Monday. The annual growth was forecast to soften to 1.6 percent from 2.8
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1小时42分钟前
Swiss Franc Slides Against Majors
The Swiss franc weakened against other major currencies in the Asian session on Monday.
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2小时30分钟前
European Shares Likely To Open On Subdued Note
European stocks are seen opening mostly lower on Monday as investors await more economic data in the coming days for fresh insights into the U.S. economic and rate outlook.
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2小时52分钟前
Indian Shares Edge Higher In Cautious Trade
Indian shares inched higher on Monday, with underlying sentiment supported by a resounding victory for the BJP-led NDA in the Bihar elections and optimism surrounding a potential India-U.S. trade deal.
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3小时57分钟前
Australian Market Extends Early Losses In Mid-market
The Australian stock market is extending its early losses in mid-market trading on Monday, adding to the losses in the previous four sessions, following the mixed cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling to near the 8,600.00 level, with weakness in financial stocks and mixed performance across most other sectors.
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4小时57分钟前
Asian Markets Trade Mixed
Asian stock markets are trading mixed on Monday, following the mixed cues from Wall Street on Friday, amid renewed uncertainty about the outlook for interest rates, the lofty valuation in the tech sector and the U.S. economic outlook. Asian markets closed mostly lower on Friday.
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5小时17分钟前
Indian Shares Set To Open On Firm Note
Gift Nifty futures indicate a positive opening for Indian markets as a resounding victory for the BJP-led NDA in the Bihar elections added to stability to the coalition government at the Centre.
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5小时50分钟前
Lower Open Called For Thai Stock Market
The Thai stock market headed south again on Friday, one day after ending the two-day slide in which it had given up more than 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just beneath the 1,270-point plateau and it's expected to see continued consolidation on Monday.
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6小时23分钟前
