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European Economic News Preview: Eurozone Industrial Output Data Due
(RTTNews) - Industrial production from the euro area and unemployment from Italy are the top economic news due on Wednesday.
At 3.30 am ET, producer prices figures from Switzerland are due. Economists forecast prices to grow 0.2 percent on a monthly basis in February after a 0.1 percent gain in January.
At 5.00 am ET, Italy's statistical office ISTAT publishes quarterly unemployment data. The jobless rate is forecast to rise to 6.2 percent in the fourth quarter from 6.1 percent in the preceding period.
At 6.00 am ET, Eurostat is slated to release euro area industrial production figures. Industrial output is expected to grow 0.5 percent month-on-month in January, in contrast to the 1.1 percent decrease in December.
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Rebound Anticipated For Malaysia Stock Market
The Malaysia stock market on Wednesday ended the three-day winning streak in which it had risen more than 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just above the 1,630-point plateau although it figures to bounce higher again on Thursday.
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1小时16分钟前
Additional Support Predicted For Japan Stock Market
The Japan stock market has alternated between positive and negative finishes through the last five trading days since the end of the two-day slide in which it had plunged nearly 2,200 points or 4.2 percent. The Nikkei 225 now rests just above the 50,840-point plateau and it may tick higher again on Thursday.
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1小时31分钟前
Win Streak May Continue For South Korea Shares
The South Korea stock market has tracked higher in three straight sessions, advancing almost 200 points or 5 percent in that span. The KOSPI sits just above the 4,150-point plateau and it's tipped to open in the green again on Thursday.
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1小时46分钟前
Australia Unemployment Data Due On Thursday
Australia will on Thursday release October numbers for unemployment, highlighting a modest day for Asia-Pacific economic activity.
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2小时16分钟前
TSX Scales New Record High; Materials, Financials Stocks Among Top Gainers
Canada's S&P/TSX Composite Index surged to a new record high on Wednesday with stocks from materials, financials, consumer staples and industrials sectors turning in a strong performance.
The mood in the market is quite bullish amid hopes the government shutdown in the U.S. will come to end soon.
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5小时49分钟前
Swiss Market Settles On Firm Note
The Switzerland market closed on a firm note on Wednesday, tracking positive cues from other markets in Europe, amid rising prospects of an end to the U.S. government shutdown this week, and hopes about an interest rate cut by the Federal Reserve next month.
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6小时11分钟前
European Stocks Close On Firm Note
European stocks closed higher on Wednesday, extending recent gains, amid hopes the U.S. government shutdown will end soon, possibly even by this Friday.
Expectations of a rate cut by the Federal Reserve next month, and data showing a smaller than expected increase in Germany's consumer price inflation also contributed to markets' positive close.
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6小时25分钟前
Bay Street May Open On Positive Note Again
Canadian stocks may open higher on Wednesday amid optimism about an end to the U.S. government shutdown. Firm European stocks and expectations of an interest rate cut by the Federal Reserve next month may also help underpin sentiment.
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10小时48分钟前
