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Japanese Yen Higher On Hopes For BoJ Policy Shift
The Japanese yen was higher against its major opponents in the Asian session on Tuesday, on hopes that the Bank of Japan will alter its easy policy in 2023.
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European Shares Extend Gains Ahead Of German Inflation Data
European stocks rose sharply on Tuesday to extend gains from the previous session, as investors awaited German consumer price data expected to confirm the gradual easing that started last month.
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FTSE 100 Rallies Led By Energy Stocks
U.K. stocks were sharply higher on their first trading session of 2023. Markets await a reading on manufacturing for December, which is expected to have held steady year-on-year.
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CAC 40 Extends Gains As Inflation Worries Ease
French stocks opened higher on Tuesday as Prime Minister Elisabeth Borne said that inflation was expected to peak at the start of 2023 before retreating.
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DAX Rises Ahead Of Inflation Data
German stocks advanced on Tuesday as investors awaited consumer price data expected to confirm the gradual easing that started last month.
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Asian Shares Mixed In Cautious Trade
Asian stocks turned in a mixed performance on Tuesday as investors digested disappointing Chinese data and awaited a slew of U.S. economic data this week for clues on the economic and interest-rate outlook.
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Singapore GDP Growth Weakens Sharply On Lackluster Manufacturing
Singapore's economic growth weakened sharply towards the end of the year as the manufacturing sector slid into contraction mainly due to falls in electronics and biomedical production. Gross domestic product grew only 2.2 percent on a yearly basis in the fourth quarter, moderating from the 4.2 percent expansion in the preceding period.
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more news
SpaceX Reportedly Raising $750 Mln
Elon Musk's Space Exploration Technologies Corp. or SpaceX is raising $750 million in a new round of funding, valuing the company at $137 billion, CNBC reported citing a correspondence it viewed. Andreessen Horowitz, also known as a16z, could be a lead investor in the rocket maker and satellite internet company.
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European Economic News Preview: Germany Flash Inflation, Unemployment Due
Flash inflation and unemployment data from Germany and final manufacturing Purchasing Managers' survey results from the UK are the top economic news due on Tuesday. At 3.30 am ET, Swiss manufacturing PMI survey data is due. The PMI is expected to fall to 53.3 in December from 53.9 in the previous month.
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European Shares May See Cautious Start After Monday's Rally
European stocks are seen opening on a cautious note Tuesday after posting strong gains in the previous session.
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China Manufacturing Activity Weakens On Covid Containment Measures
China's factory activity deteriorated further at the end of the year as Covid-19 containment measures together with softer demand forced manufacturers to downsize production. The Caixin manufacturing Purchasing Managers' Index edged down to 49.0 in December from 49.4 in the previous month, survey results published by S&P Global showed on Tuesday.
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Sensex, Nifty Fluctuate In Early Trade
Indian shares struggled for direction in early trade on Tuesday amid a lack of directional cues from Wall Street.
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Asian Markets Mostly Lower
Asian stock markets are trading mostly lower on Tuesday, despite the broadly positive cues from global markets overnight, as traders remain concerned aggressive monetary policy moves by global central banks this year also could tip the global economy into recession. Traders continued to refrain from creating fresh long positions. Asian markets closed mixed on Monday.
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