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China's Manufacturing Activity Expands, Buoyed by Exports — Update

China's manufacturing activity expanded in June after remaining flat last month, thanks in part to resilient exports amid robust global demand for artificial-intelligence and green products.The official manufacturing purchasing managers index edged up to 50.3 this month from May's 50.0, according t…

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Economy
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Yen's Weakness Likely Rooted in Fundamental Factors — Market Talk

The primary driver of the yen's weakness is fundamental issues on the Japanese side, such as a widening digital services deficit, as well as expanding foreign investments by domestic individuals and companies, says Shota Ryu, a strategist at Mitsubishi UFJ Morgan Stanley Securities. Speculators hav…

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Forex
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Australia's RBA Warns Inflation Remains Materially Above Target

By James GlynnSYDNEY--The Reserve Bank of Australia continues to warn that inflation remains materially above its target, with price pressures expected to mount further in the second quarter.In the minutes of its June 15-16 policy meeting, released Tuesday, the central bank noted that labor costs p…

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Economy
NEWS dow-jones

Malaysian Ringgit Looks Under Pressure — Market Talk

The Malaysian ringgit is expected to remain under pressure in the near term as a stronger U.S. dollar and global economic uncertainty continue to weigh on emerging-market currencies, MBSB Research says in a note. It expects safe-haven demand for the dollar and higher U.S. interest rates to keep dow…

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EconomyForex
dow-jones

Autosports Keeps Bulls Despite Macro Headwinds — Market Talk

Autosports Group retains its bullish rating at UBS despite their suspicion that some of the softness within its traditional portfolio stems from macroeconomic headwinds. Maintaining a buy rating on the stock, the investment bank's analysts tell clients in a note that consumers' shift toward electri…

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EconomyStocksAU
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Robotics Firm Zhejiang Laifual Makes Hong Kong Debut

By Megan CheahRobotics component maker Zhejiang Laifual Drive gained moderately in its trading debut in Hong Kong on Tuesday, joining the ranks of Chinese companies tapping the city's market.Shares of Zhejiang Laifual rose as much as 3.6% to 88.55 Hong Kong dollars before retreating slightly to tra…

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StocksCN