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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

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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China Inflation Data Due On Friday

China Inflation Data Due On Friday

China will on Friday release July figures for consumer and producer prices, highlighting a modest day for Asia-Pacific economic activity.
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TSX Snaps 4-day Losing Streak, Ends On Buoyant Note

TSX Snaps 4-day Losing Streak, Ends On Buoyant Note

The Canadian market snapped a 4-day losing streak and ended on a buoyant note on Thursday with stocks from across several sectors moving up north on sustained buying support. Some encouraging earnings announcements, upbeat U.S. jobless claims data, and bargain hunting contributed to market's rise.
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Dollar Turns In Mixed Performance Against Major Counterparts

Dollar Turns In Mixed Performance Against Major Counterparts

The U.S. dollar firmed against some of its major counterparts on Thursday as concerns about a recession in the world's largest economy eased after data from the Labor Department showed a bigger than expected drop in jobless claims last week.
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Gold Futures Settle Notably Higher On Safe-haven Demand

Gold Futures Settle Notably Higher On Safe-haven Demand

Despite a fairly steady dollar and rising bond yields, gold prices moved higher on Thursday, extending gains from previous session, thanks to data showing a bigger than expected drop in U.S. jobless claims in the week ended August 3rd.
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Swiss Market Ends Marginally Down

Swiss Market Ends Marginally Down

The Switzerland market languished in negative territory right through the day's session on Thursday as investors chose to take some profits at several counters, but recovered most of the lost ground as a few frontline stocks found some support in late afternoon trades.
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European Stocks Recover After Weak Spell, End On Mixed Note

European Stocks Recover After Weak Spell, End On Mixed Note

European stocks wiped off early losses and ended on a mixed note on Thursday after data from U.S. Labor Department showing a bigger than expected drop in jobless claims helped ease concerns about growth in the world's largest economy.
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Canadian Market Up Sharply On All-round Buying

Canadian Market Up Sharply On All-round Buying

Canadian stocks are up Thursday morning, riding on some encouraging quarterly earnings announcements, and easing concerns about the state of the U.S. economy after data showed a bigger than expected drop in U.S. jobless claims last week.
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U.S. Wholesale Inventories Rise 0.2% In June, In Line With Estimates

U.S. Wholesale Inventories Rise 0.2% In June, In Line With Estimates

The Commerce Department released a report on Thursday showing wholesale inventories in the U.S. increased in line with economist estimates in the month of June. The report said wholesale inventories rose by 0.2 percent in June after climbing by 0.5 percent in May. The uptick matched expectations as well as the preliminary estimate.
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Eli Lilly Q2 Results Top Estimates; Boosts FY24 Outlook

Eli Lilly Q2 Results Top Estimates; Boosts FY24 Outlook

Drugmaker Eli Lilly reported Thursday a net profit for the second quarter that surged 68 percent from last year, reflecting strong Mounjaro, Zepbound and Verzenio sales as well as higher realized prices. Both adjusted earnings per share and revenues topped analysts' expectations. The company also raised its guidance for the full-year 2024.
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U.S. Weekly Jobless Claims Pull Back Off Nearly One-Year High

U.S. Weekly Jobless Claims Pull Back Off Nearly One-Year High

First-time claims for U.S. unemployment benefits pulled back by more than expected in the week ended August 3rd, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 233,000, a decrease of 17,000 from the previous week's revised level of to 250,000. Economists had expected jobless claims to edge down to 240,000.
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