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CAC 40 Gains As Industrial Output Extends Rebound
(RTTNews) - French stocks traded higher on Friday while the dollar and bond yields retreated ahead of the U.S. nonfarm payrolls survey results due later in the day.
Meanwhile, France's industrial production growth more than doubled in December, data from the statistical office INSEE showed earlier in the day.
Industrial output grew 1.1 percent on a monthly basis, following November's 0.5 percent gain. The growth rate was forecast to ease to 0.2 percent amid sluggish activity in the wider euro area.
Similarly, growth in manufacturing output advanced to 1.2 percent from 0.2 percent a month ago.
The benchmark CAC 40 was up 27 points, or 0.4 percent, at 7,615 after declining 0.9 percent the previous day.
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Bay Street Likely To Open Higher Again
Canadian shares are likely to open on a positive note Wednesday morning, tracking the firm trend in European markets, and higher commodity prices.
The undertone is likely to remain firm amid expectations of an interest rate cut by the Federal Reserve at its upcoming monetary policy meeting.
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19 minutos atrás
New York Manufacturing Index Unexpectedly Returns To Positive Territory
New York manufacturing activity has seen a significant turnaround in the month of October, according to a report released by the Federal Reserve Bank of New York on Wednesday.
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21 minutos atrás
Eurozone Industrial Production Declines
Eurozone industrial production logged a monthly fall in August, reflecting the uncertainty surrounding the global trade environment. Industrial output dropped 1.2 percent month-on-month, in contrast to the 0.5 percent increase in July, Eurostat said Wednesday. However, the decline was less severe than the forecast of 1.6 percent.
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42 minutos atrás
FTSE 100 Drifts Lower
The UK stock market is down in negative territory on Wednesday, unlike its peers Germany and France, which have moved higher thanks to a good show by stocks from the luxury sector after French major LVMH reported better-than-expected sales in the third quarter.
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56 minutos atrás
CAC 40 Rises Over 2% As Luxury Stocks Sparkle
France's benchmark CAC 40 is up firmly in positive territory around early afternoon on Wednesday with luxury stocks turning in a fine performance after sector major LVMH's fairly strong sales in the third-quarter pointing to a recovery in global luxury demand.
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1h 22min atrás
DAX Modestly Higher In Cautious Trade
After opening slightly higher and moving further up subsequently, the German market briefly fell into negative territory Wednesday morning before emerging above the flat line in cautious trade.
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2h 17min atrás
Sensex, Nifty End Notably Higher On Firm Global Cues
Indian shares rose notably on Wednesday after Federal Reserve Chair Jerome Powell signaled two more quarter-point interest-rate cuts this year, citing a sharp slowdown in hiring.
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2h 30min atrás
Euro Rises Amid Risk-on Mood
The euro strengthened against other major currencies in the European session on Wednesday, as European shares traded higher with French markets outperforming their regional peers, after LVMH, the owner of Louis Vuitton and Christian Dior, unexpectedly returned to sales growth in the third quarter.
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2h 52min atrás
