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Overbought KOSPI Has Solid Lead For Monday
The South Korea stock market has moved higher in three straight sessions, advancing more than 80 points or 2.8 percent along the way. The KOSPI now rests just above the 2,860-point plateau and it's expected to open higher again on Monday.
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Japan Current Account Data Due On Monday
Japan will on Monday release May figures for current account, highlighting a light day for Asia-Pacific economic activity. In April, the current account surplus was 2.051 trillion yen.
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Taiwan Stock Market May Add To Its Winnings On Monday
The Taiwan stock market has climbed higher in three straight sessions, rallying more than 775 points or 3.2 percent along the way. The Taiwan Stock Exchange now sits just above the 23,550-point plateau and it's called to open higher again on Monday - although profit taking may set in later in the day.
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TSX Ends 0.8% Down As Energy, Financials Shares Decline
The Canadian market snapped a three-day winning streak and ended weak on Friday, weighed down by losses in energy sector after oil prices drifted lower. Investors digested the jobs data from the U.S. and Canada, and assessed the outlook for interest rates.
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Dollar Weakens Against Major Counterparts After Jobs Data Fuels Rate Cut Bets
The U.S. dollar dropped to a three-week low on Friday, and shed some ground against a few of its major counterparts, as the jobs data raised hopes the Federal Reserve will likely begin reducing interest rates in September.
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Swiss Market Ends Moderately Lower
Despite holding in positive territory till well past noon, the Switzerland market ended on a weak note on Friday as stocks fell on a mild bout of selling pressure in the last couple of hours of the day's session.
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European Stocks Fail To Hold Early Gains, Close Broadly Lower
European stocks failed to hold early gains and closed broadly lower on Friday, as the mood turned cautious ahead of the second round of the French legislative elections on Sunday.
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more news
U.S. Dollar Extends Fall After Jobs Data
The U.S. dollar extended decline against its most major counterparts in the New York session on Friday, as jobs data showed a slowdown in wage growth and a rise in unemployment rate in June.
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Canadian Market Modestly Lower At Noon After Jobs Data
Canadian shares are modestly lower around noon on Friday with investors digesting employment data from Canada and the U.S., and assessing the likely move of the Federal Reserve with regard to interest rates.
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Canadian Dollar Declines After Weak Jobs Data
The Canadian dollar moved down against its major counterparts in the New York session on Friday, following the release of downbeat jobs data for June.
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U.S. Employment Jumps More Than Expected But Unemployment Rate Continues To Edge Higher
A closely watched report released by the Labor Department on Friday showed employment in the U.S. jumped by more than expected in the month of June, although the report also showed another unexpected uptick by the unemployment rate. The Labor Department said non-farm payroll employment shot up by 206,000 jobs in June compared to economist estimates for an increase of about 190,000 jobs.
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U.S. Employment Jumps More Than Expected In June
A closely watched report released by the Labor Department on Friday showed employment in the U.S. jumped by more than expected in the month of June, although the report also showed another unexpected uptick by the unemployment rate.
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Futures Point To Subdued Start On Bay Street; U.S., Canadian Jobs Data In Focus
Canadian and U.S. futures, and commodity prices point to a subdued start on Bay Street Friday morning, but the crucial Canadian and U.S. jobs data for the month of June, both due at 8:30 AM ET, will likely set the mood at the opening bell.
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