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Asian markets slip as uncertainty stalks trading floors

WT24 Desk HONG KONG– Asian markets fell on Thursday, hit by concerns about the uncertain global economic outlook, the China-US trade war and tepid corporate earnings reports, AFP reports. With an expected Federal Reserve interest rate cut already priced in,having fuelled a healthy rally, and few other catalysts to drive buying,analysts said investors are also cashing out. The losses in ...

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Global stocks mostly fall as Wall Street ends winning streak

WT24 Desk Tokyo — Global stocks were mostly lower Wednesday after Wall Street ended a five-day winning streak following disappointing corporate earnings reports, AP reports. France’s CAC 40 fell nearly 0.1% in early trading to 21,469.18, while Germany’s DAX was little changed but slightly lower at 12,427.90. Britain’s FTSE 100 slipped 0.3% to 7,558.30. U.S. shares were set to drift ...

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Stocks rebound on both bourses

WT24 Desk After witnessing a downward trend in the last seven consecutive sessions, stocks today rebounded in the Dhaka and Chittagong stock exchanges as investors remained active on sector-wise issues, BSS reports. The rising major sectors were insurance and financial institutions. A total of 167 securities of large-cap group moved up due to higher activities. The broader DSEX of DSE ...

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Hong Kong stocks drop at open

WT24 Desk HONG KONG– Hong Kong stocks started Monday with losses as investors await the release of Chinese economic growth data later in the day, AFP reports. The Hang Seng Index fell 0.59 percent, or 168.26 points to 28,303.36. The benchmark Shanghai Composite Index slipped 0.31 percent, or 9.00points, to 2,921.55, while the Shenzhen Composite Index, which tracks stocks on ...

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The Fed could be about to disappoint the market, warns Well Fargo Securities

WT24 Desk Wall Street’s Fed frenzy might not turn out how investors expect. That’s at least according to Michael Schumacher, global head of rate strategy and managing director at Wells Fargo Securities, who said investors may find themselves disappointed by the Fed’s next move. Many on the Street expect the U.S. central bank to slash its benchmark interest rate at the next ...

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Wall Street hits records as rate cut hopes lift investor spirits

WT24 Desk NEW YORK – All three of Wall Street’s main indices popped to fresh records on Friday, ending the week on an emphatic note as investors grew increasingly confident the Federal Reserve will cut interest rates at the end of the month, AFP reports. In congressional testimony this week, Federal Reserve Chairman JeromePowell told lawmakers “crosscurrents” increased risks to ...

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European stocks ride Fed rate cut hint higher

WT24 Desk LONDON – Wall Street pushed higher into record territory Friday after Federal Reserve chief Jerome Powell all but flicked the switch on a US interest rate cut at the end of the month, AFP reports. After big losses at the start of the week, trading floors have been muchmore upbeat since a two-day congressional testimony in which Powell ...

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Asian markets on course to end week on positive note

WT24 Desk HONG KONG – Asian equities mostly rose in early trade Friday but gains were slight as investors applied the brakes after recent advances, with debate now focusing on the depth of an expected US interest rate cut, AFP reports. Donald Trump also sparked some unease after having a dig at China byaccusing it of backsliding on a trade ...

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Asian equities rally, dollar extends losses on Fed rate cut bets

WT24 Desk HONG KONG – Asian markets rallied Thursday and the dollar suffered further across-the-board losses after the head of the Federal Reserve all but guaranteed an interest rate cut this month, AFP reports. In the first day of closely watched congressional testimony, Jerome Powellsaid the case for lower borrowing costs “had strengthened” owing to headwinds caused by global trade ...

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Asian markets rise as Fed boss takes centre stage

WT24 Desk HONG KONG – Asian markets mostly rose Wednesday after two days of losses with investors focusing on congressional testimony by Federal Reserve boss Jerome Powell, AFP reports. Fed officials have helped spur a rally in world equities in recent weeks by taking an increasingly dovish tone regards monetary policy, fuelling expectations they would cut borrowing costs sharply to ...

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