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European Shares Seen Opening Up As Economic Fears Ease
European stocks are likely to open higher on Friday as new data on the U.S. labor market suggested that the economy may not be headed into the downward spiral that traders had feared after the release of last week's worse-than-expected monthly payrolls report for July.
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Sensex, Nifty Rally On Firm Global Cues
Indian shares were sharply higher in early trade on Friday as the latest weekly jobless claims data came in below forecasts, boosting investors' confidence in the U.S. economy.
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Asian Markets Track Wall Street Higher
Asian stock markets are trading mostly higher on Friday, following the positive cues from Wall Street overnight, as concerns about the world's largest economy slipping into a recession eased after data released showed a bigger than expected drop in first-time claims for U.S. unemployment benefits last week. This also raised the prospects of a series of interest rate cuts in the upcoming months.
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Japanese Market Sharply Higher
Reversing the losses in the previous session, the Japanese stock market is trading sharply higher on Friday, following the broadly positive cues from Wall Street overnight. The benchmark Nikkei 225 is moving above the 35,400 level, with gains across all sectors led by index heavyweights and financial stocks.
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Sensex, Nifty Seen Up As US Slowdown Fears Ease
Indian shares may open on a firm note Friday as signs of resilience in the U.S. labor market lifted global equities.
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Australian Market Sharply Higher
Recouping the losses the previous session, the Australian stock market is sharply higher on Friday, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 7,700 level, with gains across most sectors led by gold miners and technology stocks.
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Thai Stock Market May Add To Its Winnings On Friday
The Thai stock market has tracked higher in back-to-back sessions, gathering more than 20 points or 1.7 percent along the way. The Stock Exchange of Thailand now rests just above the 1,295-point plateau and it's likely to open to the upside again on Friday.
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Higher Open Predicted For Indonesia Stock Market
The Indonesia stock market on Thursday wrote a finish to the two-day winning streak in which it had advanced more than 150 points or 2.1 percent. The Jakarta Composite Index now sits just beneath the 7,200-point plateau although it's expected to see renewed support on Friday.
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Hong Kong Bourse May Extend Thursday's Gains
The Hong Kong stock market bounced higher again on Thursday, one day after ending the four-day losing streak in which it had dropped nearly 700 points or 4.1 percent. The Hang Seng Index now rests just above the 16,890-point plateau and it may see additional support on Friday.
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Win Streak May Continue For China Stock Market
The China stock market has moved higher in three straight sessions, collecting almost 10 points or 0.3 percent along the way. The Shanghai Composite Index now sits just beneath the 2,870-point plateau and it may add to its winnings on Friday.
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Taiwan Shares Tipped To Bounce Higher On Friday
The Taiwan stock market on Thursday snapped the two-day winning streak in which it had surged almost 1,500 points or 7.5 percent. The Taiwan Stock Exchange now sits just above the 20,870-point plateau although it's expected to open in the green on Friday.
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Malaysia Stock Market May Reverse Thursday's Losses
The Malaysia stock market on Thursday ended the two-day winning streak in which it had jumped more than 55 points or 3.5 percent. The Kuala Lumpur Composite Index now rests just above the 1,590-point plateau although it's likely to bounce higher again on Friday.
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South Korea Shares May See Renewed Support
The South Korea stock market on Thursday halted the two-day winning streak in which it had rallied more than 125 points or 5 percent. The KOSPI now sits just above the 2,555-point plateau although it's expected to rebound on Friday.
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