Tag: per
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Iran war and AI boom drive wild ride on global markets
LONDON, June 30 : Investors have had to gulp down the motion-sickness tablets this year as the turmoil from the Iran war has clashed with a seemingly unstoppable boom in all things AI and otherworldly.Global stocks are now $7 trillion higher than at the end of 2025, even though the war caused a $9 trillion…
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Oil set for steepest quarterly loss since 2020 as traders focus on US-Iran talks
June 30 : Oil prices slipped on Tuesday, and were set for their biggest quarterly loss since the COVID-19 pandemic in early 2020, with investors eyeing potential U.S.-Iran talks in Doha amid a strained interim ceasefire in the four-month-old war. Brent August crude futures, which expire on Tuesday, were down
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Asian stocks unable to track Wall St higher, yen holds at 40-year low
HONG KONG: Tech firms bounced back in Asia on Tuesday (Jun 30), tracking a rebound in their counterparts on Wall Street following the hefty selling of the past two weeks, while the yen held around a four-decade low against the dollar.With optimism that the US-Iran crisis will eventually come to an end and the
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Japan’s Nikkei clocks best quarter on record on tech rebound
TOKYO, June 30 : Japan’s Nikkei share average climbed on Tuesday, powered by a rebound in technology stocks that have helped drive the gauge’s record quarterly gains.The benchmark Nikkei 225 advanced 0.86 per cent to close at 70,062.32. For the April-June quarter, the index soared 37 per cent, marking its sha
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Thai May factory output falls 0.8% y/y, weaker than forecast
BANGKOK, June 30 : Thailand’s manufacturing production index dropped 0.8 per cent in May from a year earlier, the industry ministry said on Tuesday, weaker than analyst forecasts.The May reading compared with a year-on-year decrease of 0.34 per cent forecast in a Reuters poll, and followed a revised fall of 0
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Japan’s Nikkei adds to record quarterly gain on tech rebound
TOKYO, June 30 : Japan’s Nikkei share average climbed on Tuesday, powered by a rebound in technology stocks that have helped drive the gauge’s record quarterly gains.The benchmark Nikkei 225 advanced 1.36 per cent to 70,416.02 in early trading. The index is poised for a 36 per cent gain in the past three mont
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Japan’s May factory output growth lagged forecasts
TOKYO, June 30 : Japan’s factory output rose at a slower-than-expected pace in May from the previous month, government data showed on Tuesday. Here are a few details.• Industrial output grew 0.5 per cent in May from the previous month, versus the median market forecast for a 1.1 per cent rise, accor
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Stocks and oil prices rise with eyes on Iran; yen touches 40-year low vs dollar
LONDON/NEW YORK, June 29 : A global gauge of stock markets rose on Monday as investors tracked the implementation of an interim peace deal between Iran and the U.S., even as oil prices rose after tit-for-tat attacks underscored the risk of escalation. European equities ended flat but Wall Street led gains w
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Stocks and oil prices edge up with eyes on Iran; yen touches 40-year low vs dollar
LONDON/NEW YORK, June 29 : A global gauge of stock markets rose on Monday as investors tracked the implementation of an interim peace deal between Iran and the U.S., even as oil prices rose after tit-for-tat attacks underscored the risk of escalation. European equities edged lower, but Wall Street led gains
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Dollar slips, yen tumbles to 40-year low
NEW YORK, June 29 : The dollar edged lower on Monday but remained near a 13-month high, supported by optimism over U.S. economic growth, the prospect of Federal Reserve interest rate hikes, and a continuing AI-driven boom in U.S. equity markets that has been drawing in capital at a rapid pace.The Japanese yen
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