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Swiss Markets Halt Losing Streak On Monday
The Swiss stock market on Monday wrote a finish to the two-day slide in which it had slumped more than 230 points or 2.1 percent.
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European Markets Advance On Monday
The major European markets found support on Monday, shrugging off weakness from last week that were fueled by worries about a recession and bets of bigger interest-rate hikes from major central banks.
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Sensex, Nifty End Choppy Session Higher
Indian shares ended modestly higher on Monday after fluctuating earlier in the session owing to mixed global cues and a sharp retreat in oil prices last week.
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European Shares Mostly Higher In Cautious Trade
European stocks were broadly higher on Monday after tumbling last week on worries about a recession and bets of bigger interest-rate hikes from major central banks.
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FTSE 100 Rises Led By Banks
U.K. stocks advanced on Monday after falling sharply last week on worries about a recession and bets of bigger interest-rate hikes from major central banks.
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CAC 40 Inches Higher In Lackluster Trade
French stocks rose slightly on Monday despite inflation worries and global growth concerns.
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U.S. Dollar Lower In Cautious Trade
The U.S. dollar weakened against its major counterparts in the Asian session on Monday, on growing fears about a slowdown in the economy in the wake of sharper rate hikes by the U.S. Federal Reserve.
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DAX Edges Higher In Cautious Trade
German stocks edged up slightly on Monday after a brutal sell-off last week on concerns over rising inflation and slowing global growth.
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Asian Shares Slide On Inflation, Growth Worries
Asian stocks fell broadly on Monday despite Wall Street's positive close on Friday. A cautious undertone prevailed due to lingering concerns over inflation and growth.
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China Refrains From Rate Cut Despite Economic Challenges
China refrained from an interest rate cut on Monday despite the economic challenges as such a move would go against the hawkish stance of global central banks and pose a threat of capital outflow. After a reduction in May, the People's Bank of China left the five-year loan prime rate or LPR, the benchmark for mortgage rates, unchanged at 4.45 percent.
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Indian Rupee Climbs To 10-day High Against U.S. Dollar
The Indian rupee firmed against the U.S. dollar in late morning deals on Monday, as growing fears over a recession weighed on the latter.
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European Economics Preview: Germany Producer Price Data Due
Producer prices data from Germany is due on Monday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is set to issue Germany wholesale prices for May. Producer price inflation is expected to remain unchanged at 33.5 percent.
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European Shares Set For Mixed Open On Interest-rate Worries
European stocks are seen opening on a mixed note Monday as investors react to central banks' hawkish rhetoric and concerns over a global economic slowdown.
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