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FTSE 100 Tumbles Ahead Of BoE Rate Decision
(RTTNews) - U.K. stocks fell sharply on Thursday ahead of the Bank of England rate announcement due at noon. Analysts expect another 25-bps rate hike coupled with cautious commentary around the economy.
The benchmark FTSE 100 was down 141 points, or 1.9 percent, at 7,132 after closing 1.2 percent higher on Wednesday.
Fashion retailer ASOS plunged 27 percent and rival Boohoo slumped 18 percent after both reported slowing sales.
CRH, a building materials business, fell 2.6 percent after it has entered into arrangements with UBS A.G., London Branch to repurchase shares on CRH's behalf for up to $300 million.
BHP shares fell over 2 percent. The miner announced it will retain New South Wales Energy Coal in its portfolio.
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U.S. Dollar Drops Against Majors
The U.S. dollar weakened against its major counterparts in the New York session on Friday.
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NZ Dollar Falls Amid RBNZ Rate Cut Speculations
The New Zealand dollar weakened against other major currencies in the Asian session on Friday, as traders speculate additional easing by the Reserve Bank of New Zealand (RBNZ).
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NZ Dollar Falls Against Majors
The New Zealand dollar weakened against other major currencies in the Asian session on Friday.
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Lower Open Called For Thai Stock Market
The Thai stock market has finished higher in back-to-back sessions, adding more than a dozen points or 1 percent in that span. The Stock Exchange of Thailand now sits just above the 1,140-point plateau, although it's expected to open in the red on Friday.
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China Shares Overdue For Consolidation On Friday
The China stock market has finished higher in eight straight sessions, rallying more than 180 points or 5.9 percent in that span. The Shanghai Composite Index now rests just above the 3,280-point plateau, although investors may lock in gains on Friday.
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Taiwan Stock Market May Extend Losing Streak
The Taiwan stock market has finished lower in two straight sessions, shedding almost 520 points or 2.6 percent along the way. The Taiwan stock market now rests just shy of the 19,340-point plateau and it may take further damage again on Friday.
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Malaysia Bourse May Hand Back Thursday's Gains
The Malaysia stock market rebounded on Thursday, one session after ending the two-day winning streak in which it had improved more than 30 points or 2 percent. The Kuala Lumpur Composite Index new sits just above the 1,480-point plateau, although it's expected to open under water on Friday.
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Japan Nationwide Inflation Climbs 3.6% On Year In March
Overall consumer prices in Japan were up 3.6 percent on year in March, the Ministry of Internal Affairs and Communications said on Friday.
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