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Australian shares inch lower as banks weigh; US inflation data in focus

Australian shares inch lower as banks weigh; US inflation data in focus Feb 28 (Reuters) - Australian shares inched lower on Wednesday after a four-session winning run, as losses in financials outweighed gains in mining stocks, while data showed that domestic consumer price inflation held at a two-year low in January. The S&P/ASX 200 index .AXJO was down 0.2% at 7,647.80, as of 0007 GMT.
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RBNZ to hold rates in February on inflation concerns, first cut in Q3

POLL-RBNZ to hold rates in February on inflation concerns, first cut in Q3 reuters://realtime/verb=Open/url=cpurl%3A%2F%2Fapps.cp.%2FApps%2Fcb-polls%3FRIC%3DNZINTR%253DECI poll data By Devayani Sathyan BENGALURU, Feb 23 (Reuters) - The Reserve Bank of New Zealand (RBNZ) will hold its cash rate at a 15-year high of 5.50% on Feb. 28 and wait until July at the earliest before beginning to reduce the base cost of borrowing, according to a Reuters poll of economists.
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Australia economy should avoid recession, NAB CEO says

Australia economy should avoid recession, NAB CEO says SYDNEY, Feb 22 (Reuters) - National Australia Bank NAB.AX Chief Executive Officer Ross McEwan said on Thursday that inflation was easing in Australia and interest rates appear to have peaked. "I am positive about the Australian economy. It's slowing but we should avoid recession and are well placed to improve later this year.
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Miners, financials drag Australian shares lower

Miners, financials drag Australian shares lower Miners at 2-month low NAB hits 22-month high Tech stocks at 2-year high By Sneha Kumar Feb 21 (Reuters) - Australian shares extended losses to end lower on Wednesday, as domestic mining stocks fell on concerns around demand in top-consumer China and financials weighed, while investor focus turned to corporate earnings in full-swing.
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Australian shares follow Wall Street lower, miners top laggard

Australian shares follow Wall Street lower, miners top laggard Feb 21 (Reuters) - Australian shares tracked Wall Street lower on Wednesday, with the mining sector leading the laggards due to weaker iron ore prices in top steel producer China. The S&P/ASX 200 index .AXJO fell 0.7% to 7,604.00 by 0055 GMT. The benchmark index ended 0.1% lower on Tuesday.
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