Forex Nyheter
China Shares Poised To End Losing Streak
The China stock market has tracked lower in two straight sessions, slipping almost 10 points or 0.3 percent along the way. The Shanghai Composite Index now sits just above the 3,145-point plateau although it may stop the bleeding on Wednesday.
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Taiwan Bourse May Crack Resistance At 21,000 Points
The Taiwan stock market has tracked higher in three straight sessions, advancing almost 430 points or 2.1 percent along the way. The Taiwan Stock Exchange now sits just above the 20,985-point plateau and it's tipped to open in the green again on Wednesday.
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Win Streak May Continue For Singapore Stock Market
The Singapore stock market has moved higher in four straight sessions, collecting almost 50 points or 1.5 percent in that span. The Straits Times Index now rests just above the 3,310-point plateau and it may add to its winnings on Wednesday.
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Malaysia Stock Market Tipped To Open In The Green
The Malaysia stock market has moved higher in two straight sessions, collecting more than 5 points or 0.3 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,605-point plateau and it may extend its gains on Wednesday.
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Australia Wage Price Data Due On Wednesday
Australia will on Wednesday release Q1 figures for its wage price index, highlighting a modest day for Asia-Pacific economic activity. In the three months prior, wage prices rose 0.9 percent on quarter and 4.2 percent on year.
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TSX Ends Slightly Weak
After staying positive till around mid-morning, Canadian stocks turned weak and spent the rest of the day's session in negative territory on Tuesday with investors looking for directional clues.
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Dollar Drifts Lower Against Major Counterparts
The U.S. dollar drifted lower on Tuesday despite data showing a bigger than expected increase in the nation's producer price inflation in the month of April and prospects of the Federal Reserve keeping interest rates higher for a longer period.
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more news
U.S. Dollar Drops Following PPI Data, Powell's Comments
The U.S. dollar declined against its major counterparts in the New York session on Tuesday, following the release of producer inflation data for April and Federal Reserve Chairman Jerome Powell's speech at a banking event in Amsterdam.
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Swiss Market Ends Marginally Higher Again
Despite spending much of the day's session in negative territory, the Switzerland market ended slightly higher on Tuesday as stocks found some support past mid afternoon and managed to climb above the flat line in the final hour.
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European Stocks Close Broadly Higher
European stocks closed broadly higher on Tuesday as investors reacted to the latest batch of European and U.S. economic data, and remained largely optimistic about interest rate cut by several central banks.
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Canadian Stocks Turning In Mixed Performance
Canadian stocks are turning in a mixed performance on Tuesday, with investors largely reacting to earnings updates and digesting latest Canadian and U.S. economic data.
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Powell Says Fed Needs To Be Patient As Confidence Inflation Is Slowing Dips
With inflation coming in hotter-than-expected during the first quarter, Federal Reserve Chair Jerome Powell said the central bank needs to be patient with regard to interest rates. "The first quarter in the United States was notable for its lack of further progress on inflation," Powell said during remarks at the annual general meeting of the Foreign Bankers' Association in Amsterdam on Tuesday.
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U.S. Producer Price Growth Exceeds Estimates In April
Producer prices in the U.S. increased by more than expected in the month of April, according to a report released by the Labor Department on Tuesday. The Labor Department said its producer price index for final demand climbed by 0.5 percent in April after a revised 0.1 percent dip in March. Economists had expected producer prices to rise by 0.3 percent.
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