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European Economic News Preview: UK Public Sector Finance Data Due
Public sector finance data from the UK is the top economic news due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics is scheduled to issue UK public sector finance data. The budget deficit is seen widening to GBP 22.9 billion in March from GBP 15.8 billion in February.
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European Shares To Drift Lower At Open
European stocks may drift lower at open on Tuesday as investors fret over a slowdown in economic and corporate earnings growth.
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Euro Rises Against Majors
The euro strengthened against other major currencies in the Asian session on Tuesday.
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U.S. Dollar Slides Against Most Majors
The U.S. dollar weakened against most major currencies in the Asian session on Tuesday.
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Yen Falls Against Majors Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Tuesday.
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Sensex, Nifty Struggle For Direction; Financials Surge
Indian shares were little changed in early trade on Tuesday, tracking mixed cues from global markets.
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Asian Markets Mostly Lower
Asian stock markets are trading mostly lower on Tuesday, following the mixed cues from Wall Street overnight, as traders remained reluctant to make significant moves ahead of a busy week for earnings and key economic data releases in the US. Asian markets closed mostly lower on Monday.
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Japanese Market Notably Higher
The Japanese stock market is notably higher on Tuesday, extending the gains in the previous session, with the Nikkei 225 moving above the 28,700 level, following the mixed cues from Wall Street overnight, as traders look ahead to the Bank of Japan's monetary policy meeting later in the week, with the BoJ expected to maintain its policy of ultra-low interest rates.
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Sensex, Nifty To Open On Firm Note
Indian shares look set to open a tad higher on Tuesday despite mixed cues from global markets.
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Higher Open Called For Thai Stock Market
The Thai stock market has finished lower in five straight sessions, slumping more than 40 points or 2.7 percent along the way. The Stock Exchange of Thailand now rests just beneath the 1,560-point plateau although it may find support on Tuesday.
The global forecast for the Asian markets is flat to lower amid a lack of catalysts as investors take a wait-and-see attitude. The European markets finished slightly lower and the U.S. bourses were mixed and little changed and the Asian markets also figure to tick lower.
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Mild Upside Seen For Hong Kong Stock Market
The Hong Kong stock market has finished lower in consecutive trading days, slumping more than 430 points or 2.1 percent along the way. The Hang Seng Index now sits just above the 19,950-point plateau although it's due for support on Tuesday.
The global forecast for the Asian markets is flat to lower amid a lack of catalysts as investors take a wait-and-see attitude. The European markets finished slightly lower and the U.S. bourses were mixed and little changed and the Asian markets also figure to tick lower.
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China Stock Market Due For Support On Tuesday
The China stock market has tracked lower in four straight sessions, slumping more than 115 points or 3.5 percent along the way. The Shanghai Composite Index now sits just above the 3,275-point plateau although it may stop the bleeding on Tuesday.
The global forecast for the Asian markets is flat to lower amid a lack of catalysts as investors take a wait-and-see attitude. The European markets finished slightly lower and the U.S. bourses were mixed and little changed and the Asian markets also figure to tick lower.
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South Korea Q1 GDP Adds 0.3%
South Korea's gross domestic product expanded a seasonally adjusted 0.3 percent on quarter in the first quarter of 2023, the Bank of Korea said in Tuesday's advance estimate.
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