Malaysia Inflation Data Fue On Wednesday
(RTTNews) - Malaysia will on Wednesday release June figures for consumer prices, highlighting a light day for Asia-Pacific economic activity. In May, inflation was up 0.3 percent on month and 2.0 percent on year.
Japan will see preliminary July results for the manufacturing and services PMIs from Jibun Bank; in June, their scores were 50.0 and 49.4, respectively.
Australia also will see preliminary July results for the manufacturing and services PMIs from Judo Bank; in June, their scores were 47.2 and 51.2, respectively.
Taiwan will provide June data for unemployment; in the previous month, the jobless rate was 3.35 percent.
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Frozen Chicken & Cheese Taquitos Sold At ALDI Stores Recalled
Valencia, California-based Bestway Sandwiches Inc. has called back around 24,870 pounds of frozen chicken and cheese taquito products citing the potential to be contaminated with foreign material, specifically metal, according to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS.
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Asian Markets A Sea Of Red
Asian stock markets are a sea of red on Monday, following the broadly negative cues from Wall Street on Friday, as stronger than expected US employment data weighed heavily on the outlook for interest rates. It raised concerns the US Fed will likely hold interest rates at current levels or slow down the pace of reductions. Rising bond yields also hurt. Asian markets closed mostly lower on Friday.
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7h 45minuter sedan
Indian Shares Likely To Open Lower On Weak Global Cues
Lower GIFT Nifty futures, and weak global cues amid uncertainty about the outlook for interest rate cuts by the Federal Reserve following upbeat non-farm payroll data point to a negative start for Indian shares on Monday.
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7h 52minuter sedan
Australian Market Drifts Further Lower In Mid-market
The Australian stock market is drifting further lower in mid-market trading on Monday, also adding to the losses in the previous two sessions, with the benchmark S&P/ASX 200 index falling well below the 8,200.00 level, with weakness in financial and technology stocks, partially offset by gains in mining and energy stocks amid spiking commodity prices.
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Thai Stock Market Expected To Open In The Red
The Thai stock market on Friday snapped the two-day slide in which it had stumbled almost 30 points or 2.2 percent. The Stock Exchange of Thailand now sits just beneath the 1,370-point plateau although it figures to head south again on Monday.
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Indonesia Bourse May Hand Back Friday's Gains
The Indonesia stock market on Friday wrote a finish to the two-day slide in which it had slumped almost 20 points or 0.3 percent. The Jakarta Composite Index now sits just beneath the 7,090-point plateau although it's expected to turn lower again on Monday.
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Australian Market Significantly Lower
The Australian stock market is currently trading significantly lower on Monday, extending the losses in the previous two sessions, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling to near the 8,200.00 level, with weakness in financial and technology stocks, partially offset by gains in mining and energy stocks amid spiking commodity prices.
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9h 38minuter sedan
Hong Kong Shares Tipped To Open To The Downside
The Hong Kong stock market has finished lower in five straight sessions, retreating more than 700 points or 3.7 percent along the way. The Hang Seng Index now sits just above the 19,060-point plateau and it's expected to extend its misery when it opens on Monday.
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