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Euro retreats from 2-mth high vs dollar

The euro fell on Tuesday, reversing a climb to its highest against the dollar in more than two month, as European shares fell and investors reckoned its gains have been overdone before bank stress test results.

Stock futures lower after IBM earnings

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Stock index futures were lower on Tuesday after technology bellwethers International Business Machines and Texas Instruments posted quarterly revenues that fell shy of expectations.

China satisfied with Google search engine tweak

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China is satisfied that U.S. Internet giant Google Inc is complying with Chinese laws after it tweaked the way it directs users to an unfiltered search page, a senior official said on Tuesday.
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Stock futures drop after IBM earnings

Stock index futures were lower on Tuesday after technology bellwethers International Business Machines and Texas Instruments posted quarterly revenues that fell shy of expectations.
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Investors rush to regain emerging market exposure-EPFR

Emerging markets were in high demand in mid July, with bond fund inflows at a record, as investors chose dynamic developing economies over lagging advanced markets, EPFR Global said on Tuesday. Emerging market equity funds tracked by EPFR posted combined inflows of more than $3 billion for the week ended July 14, while emerging market bond funds took in $745 million, bringing their year-to-date inflows to an all-time high of $18.5 billion.
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Earnings compete with economy to drive assets

Financial markets juggled with competing drivers on Tuesday as investors generally boosted stocks in the hope of more good earnings reports and the dollar slipped on concerns about the U.S. economy.
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Asia shares rise broadly

Asian stocks broadly rose on Tuesday as a firm performance on Wall Street and optimism over corporate earnings offset increasing worries about the U.S. economy.
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Oil rises to $77 on expected U.S. inventory drop

Oil climbed to $77 on Tuesday as forecasts for a fourth consecutive weekly drop in U.S. crude inventories bolstered the positive influence of rising stock markets in most of Asia. Shares of resource firms and banks clawed back some of their recent losses, helping to boost U.S. crude for August by 47 cents to $77.01 a barrel at 0644 GMT (2:44 a.m. EDT) for a second straight day of gains.
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Shift to U.S. dollar shorts not a sell signal

Investors should take data showing currency speculators started to bet against the U.S. dollar this month for the first time since March with a big grain of salt. While the turnaround in positioning from long to short on the dollar shows that sentiment on the U.S. currency has deteriorated sharply, analysts say it should not be interpreted as a sign the greenback is about to collapse.
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Dollar hovers near lows, Aussie jumps

The dollar eased on Tuesday, inching closer to a two-month low versus the euro hit last week as investors continued to cut long positions on more disappointing U.S. economic data. The greenback rose a little against the yen on bids from Japanese importers, but remained close to a seven-month low marked last week, leading many market players to look to what authorities in Japan could do about a firm yen.
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Jewelers pluck gold from near 2-month lows

Gold regained strength on Tuesday as jewelry makers resurfaced after the price dropped to its weakest in nearly two months, while investors looked to movements in other markets for further cues. A drop in Japanese shares also spurred buying from speculators, who are keeping an eye on U.S. corporate earnings and Federal Reserve Chairman Ben Bernanke's comments on the economy on Wednesday. Silver and palladium firmed, but platinum tracked equities lower.
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Dollar hovers near lows, eyes on Japan policymakers

The dollar eased slightly on Tuesday, inching closer to a two-month low versus the euro hit last week as investors continued to cut long positions on more disappointing U.S. economic data. The greenback rose a little against the yen on bids from Japanese importers, but was still within striking distance of a seven-month low marked last week, leading many market players to look to what authorities in Japan could do about a firm yen.
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Gold steadies as traders look for clues

Gold prices remained motionless in Asian trade Tuesday after hitting near two months low on Monday as traders looking for clues from other markets. Spot gold was seen trading at $ 1181.97 an ounce at 11.30 a.m Singapore time after hitting as low as $1,177.47 on Monday, the lowest level for a most-active contract since May 24
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Asia shares in broad rise, yen strength in focus

Asian stocks rose on Tuesday, looking past weak revenue growth at top U.S. firms and more weak U.S. economic data, as shares of resource firms and banks clawed back some of their recent losses. The Japanese yen hovered near its recent 7-week high against the dollar, amid growing talk of intervention as traders wondered if Tokyo could stomach further yen gains.
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U.S. said to toughen up broadband deployment report

High-speed Internet providers are expected to get a subtle rebuke from U.S. regulators this week when a report omits language that has previously said they are rolling out broadband to all areas in a reasonable and timely fashion.
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Goldman executive denies fraud

Goldman Sachs executive Fabrice Tourre denied fraud and other accusations by U.S. regulators for his role in marketing a subprime mortgage product and asked a court on Monday to dismiss the case.
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Nokia on the prowl for new CEO: report

Nokia has begun looking for candidates to replace Chief Executive Olli-Pekka Kallasvuo, who has struggled to keep up with nimbler rivals Apple Inc and Google Inc , the Wall Street Journal reported on Monday.
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Goldman's Tourre asks court to dismiss SEC case

Goldman Sachs Vice President Fabrice Tourre denied accusations made against him by U.S. regulators for his role in marketing a subprime mortgage product at the center of a fraud case against the bank and asked a court on Monday to dismiss the case.

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