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Asian Shares Mixed In Thin Holiday Trade

Asian stocks ended mixed on Wednesday, with Hong Kong and South Korean markets closed for Buddha\'s birthday. The U.S. dollar and bond yields dipped while gold edged up after Federal Reserve chairman Jerome Powell said on Tuesday that the central bank is unlikely to raise its key interest rate to tackle elevated inflation. After producer...

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DAX Climbs On Earnings

German stocks traded higher on Wednesday as investors cheered mostly positive earnings results and awaited key U.S. CPI data later in the day for additional clues on the Fed\'s rate trajectory. The benchmark DAX was up 93 points, or half a percent, at 18,809 after declining 0.1 percent in the previous session. In corporate news,...

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CAC 40 Marginally Higher After Inflation Data

French stocks were marginally higher in cautious trade on Wednesday after Federal Reserve chairman Jerome Powell said on Tuesday that the central bank is unlikely to raise its key interest rate to tackle elevated inflation. After producer price data for April surprised on the upside, traders looked ahead to key U.S. CPI data due later...

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Swiss Market Ends On Strong Note

The Switzerland market ended on a strong note on Wednesday as stocks kept edging higher and higher after opening marginally up. Data showing a smaller than expected increase in U.S. consumer prices in the month of April helped ease concerns about interest rates, and rendered the mood positive. The benchmark SMI ended with a gain...

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Bipartisan Senate Letter Urges DOJ To Stop Attacking Bitcoin Privacy Software

Two crypto-supportive senators urged the Justice Department (DOJ) on Monday to reconsider its recent enforcement action against a popular Bitcoin privacy service. Senator Cynthia Lummis (R-WY) publicly shared a letter arguing that the DOJ’s “unprecedented interpretation” of what constitutes an unlicensed “money services business” (MSB) contradicts both Treasury Department guidance and the intent of Congress....

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