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Asian Shares Mixed On China Growth Concerns
Asian stocks turned in a mixed performance on Tuesday as concerns over China's growth prospects and a new political order in the country offset hopes of a Fed pivot.
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Japan Govt Maintains Economic View; Cautious About Market Volatility
Japan's government maintained its economic view for the fourth straight month, but remained cautious about the market volatility amid falling bond yields and the weakening yen. In the monthly economic report, released by the Cabinet Office on Tuesday, the government repeated that the Japanese economy is picking up moderately, while the slowdown of global economies poses downside risk to the Japa
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UBS Q3 Profit Down; Stock Rises
Swiss banking giant UBS Group AG reported Tuesday lower profit in its third quarter with weakness in all segments. Looking ahead, the company said it remains disciplined on risk management and cost efficiency as it heads into the fourth quarter. UBS shares were gaining around 5 percent in the morning trading in Switzerland.
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Pound Weakens As Sunak-led Rally Fizzles
The pound dropped against its major counterparts on Tuesday, as optimism over the election of Rishi Sunak as the U.K. Prime Minister faded.
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European Shares Poised For Flat Start As Investors Look To ECB
European stocks may struggle for direction at open on Tuesday, as investors keep an eye on bond markets and look ahead to Thursday's European Central Bank (ECB) policy meeting for directional cues.
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Sensex, Nifty Marginally Higher In Cautious Trade
Indian shares were little changed in cautious trade on Tuesday despite positive global cues.
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European Economics Preview: Germany Ifo Business Confidence Due
Business confidence survey data from Germany is due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, Statistics Sweden publishes producer prices for September. Prices had advanced 22.0 percent in August. At 3.00 am ET, producer price data is due from Spain.
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more news
Asian Markets Trading Mixed
Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from global markets overnight, amid uncertainty about the outlook for interest rates in the U.S. ahead of next week's Federal Reserve meeting. However, a recent report about the US Fed signaling a slowdown in the pace of rate hikes is aiding market sentiment. Asian markets closed mostly lower on Monday.
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Sensex, Nifty Seen Little Changed At Open
Indian shares look set to open on a subdued note Tuesday as caution prevails ahead of a holiday on Wednesday for Diwali Balipratipada and the expiry of monthly derivative contracts due on Thursday.
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Higher Open Predicted For Thai Stock Market
Ahead of Monday's holiday for Chulalongkorn, the Thai stock market had moved lower in two of three trading days since the end of the two-day winning streak in which it had gathered almost 30 points or 2 percent. The Stock Exchange of Thailand now rests just above the 1,590-point plateau and it's expected to bounce higher again on Tuesday.
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Continued Strength Called For Indonesia Stock Market
The Indonesia stock market has climbed higher in six straight sessions, gathering almost 250 points or 3.6 percent along the way. The Jakarta Composite Index now rests just above the 7,050-point plateau and it's looking at another green light for Tuesday's trade.
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Japanese Market Significantly Higher
The Japanese stock market is significantly higher on Tuesday, extending the gains in the previous session, with the Nikkei 225 moving to nearly the 27,200 level, following the broadly positive cues from global markets overnight, with gains in technology and financial stocks.
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Australian Market Significantly Higher
The Australian stock market is trading significantly higher on Tuesday, extending the gains in the previous session, with the benchmark S&P/ASX 200 moving to above the 6,800 level, following the broadly positive cues from global markets overnight, led by gains in technology and financial stocks.
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