DJIA: 18,072.20  +30.66 (0.17%) | NASDAQ: 5,041.478  +8.727 (0.17%) | S&P 500: 2,107.25  +3.05 (0.14%) Markets status unavailable

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    * Tokyo official concerns not enough to halt yen selling. * Hits 8-year low of 123.78 yen per dollar. * Pace of dollar gains slower, euro dips to one-month low. By Patrick Graham. Some muted signs of concern from senior Japanese officials failed to halt the yen's slide to eight-year lows against the dollar on Wednesday as the U.S. currency eked out further gains against most major currencies.

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    - Luxury jeweler Tiffany & Co (TIF) reported better-than-expected quarterly profit and sales, helped by strong demand for its Tiffany T line and higher sales in the Americas and Europe. Shares of the company, which reiterated its full-year earnings forecast, rose 7.5 percent to $91.95 in premarket trading on Wednesday.

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    * Dollar hits 8-year high vs Japanese yen. * European stocks rebound as euro slips. * Fed, Greece in focus. By Jamie McGeever. Financial market trading revolved around the U.S. dollar on Wednesday with European shares rallying on the back of a weak euro and U.S. shares and commodities struggling.

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    Stock futures pointed to a slightly higher opening for Canada's main stock index on Wednesday ahead of the Bank of Canada's rate decision announcement due at 10 a.m. ET. June futures on the S&P TSX index were up 0.03 percent at 7:15 a.m. ET. The Bank of Canada will issue its decision on interest rates but is expected to keep its key rate at 0.75 percent.

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    * Pan-European FTSEurofirst 300 index gains 0.5 pct. * Construction and materials sector up on M&A update. * Generali gains on higher dividend expectations. By Atul Prakash. European shares rebounded from a one-week low on Wednesday with the construction and materials sector leading the market higher after Holcim and Lafarge agreed with CRH on divestment plans.

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    * Greece can bundle June IMF payments. * Athens confident can make June 5 payment. * Italian, Spanish yields close gap on Germany. * Spain calls on ECB to stop state divergences - El Pais. By John Geddie. Low-rated euro zone bond yields steadied on Wednesday after a shaky start to the week as Greece and its European creditors sought to play down fears of an imminent default.

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    European stocks were back in positive territory on Wednesday, recovering from a three-day decline amid stronger-than-expected German consumer confidence and as deal momentum boosted individual stocks, including Imperial Tobacco (ITYBF), In London, the FTSE 100 was up 0.55% at 6,987.19, while in Paris, the CAC 40 was 0.36% higher at 5.101.99. Frankfurt's benchmark DAX index was the laggard, but still 0....

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    European stocks rose Wednesday, regaining a portion of the losses logged in the previous session, as worries over Greece and a commodity squeeze receded. The Stoxx Europe 600 rose 0.3% to 404.78, with all sectors advancing. The benchmark on Tuesday fell 0.7% as investors assessed the developments in Greece's debt crisis, and as the U.S. dollar rebounded on revived interest rate-hike speculation, crimping commodity stocks.

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    * Dollar retreats after biggest rise in 2 years. * European Stocks rebound. * Fed, Greece in focus. By Jamie McGeever. A string of reversals from sharp moves the previous day marked global financial market trading on Wednesday, with stocks and oil gaining ground and the U.S. dollar falling after its biggest rally in two years.

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    * Pan-European FTSEurofirst 300 index gains 0.3 pct. * Construction and materials sector up on M&A update. * Generali gains on higher dividend expectations. By Atul Prakash. European shares rebounded from a one-week low on Wednesday, with the construction and materials sector leading the market higher after Holcim and Lafarge agreed with CRH on their divestment plans.

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    * Dollar falls back against euro, currency basket. * Holds close to 8-year high above 123.00 yen. * Global growth worries in background. By Patrick Graham. The euro and yen regained a foothold on Wednesday after a week of falls that have pushed the dollar to its strongest in more than a month and revived faith in the U.S. currency's longer term rally.

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    British Airways parent, Imperial Tobacco gain. Stocks in the U.K. moved higher Wednesday, with International Consolidated Airlines PLC and Imperial Tobacco Group PLC rising on deal prospects. The FTSE 100 rose 0.3% to 6,966.95, as all sectors moved higher.

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    Japanese government bond prices firmed on Wednesday, as overnight strength in U.S. Treasuries and solid results of the Bank of Japan's bond-buying operations offset the impact of stronger Japanese shares and a weaker yen.

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    European shares rose on Wednesday after sharp declines in the previous session, with Italy's biggest insurer Generali gaining after committing to boost dividends and enzymes maker Novozymes advancing on a UBS upgrade.

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    Britain's FTSE 100 index is seen opening up by 4 to 9 points, or 0.1 percent higher on Wednesday, according to financial bookmakers. * The UK blue chip index closed down by 1.2 percent at 6,948.99 points on Tuesday.

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    European shares headed for a higher open on Wednesday after sharp declines in the previous session, with a recovery in commodity prices seen helping energy and mining stocks. The market is also expected to get some support from a survey showing morale among German consumers improved heading into June, helped by a growing willingness to make purchases.

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    Financial spreadbetters predicted Britain's FTSE 100 to open 4 to 9 points higher, or up as much as 0.13 percent, Germany's DAX to gain 15 to 24 points, or as much as 0.21 percent, and France's CAC 40 to rise around 15 points, or 0.3 percent, on Wednesday. MACROECONOMIC DATA/EVENTS : 0600 DE Gfk Consumer Sentiment. 0645 FR Consumer Confidence.

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    HONG KONG-- China has set up its largest gold-investment fund ever, expected to total 100 billion yuan, aiming to invest in mining projects in the region and enhance Chinese influence in global gold markets, local media reports said Wednesday. The "Silk Road Gold Fund"-- led by the Shanghai Gold Exchange and others-- is reportedly focused on investing in gold projects as part of China's "New Silk Road" push to deepen economic ties with other countries in the region, particularly those along...

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    * Dollar jumps above 123.00 yen, euro slides below $1.09. * Upbeat U.S. data shifts focus back on Fed hike this year. * BOJ minutes next up. By Ian Chua. The dollar held broad gains early on Wednesday, having rallied to an eight-year high against the yen after a batch of upbeat data bolstered the case for a U.S. interest rate hike this year.