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CAC 40 Gains As Bond Yields Slide
(RTTNews) - French stocks rose sharply on Tuesday and bond yields declined as markets held out hopes that the U.S. Federal Reserve will soften its hawkish stance after delivering a widely expected 75-bps rate hike on Wednesday.
Yields in the 10-year Bund were close to levels seen right before last week's European Central Bank gathering while the 10-year U.S. Treasury yields dropped 8 basis points (bps) to 3.99 percent.
The benchmark CAC 40 jumped 111 points, or 1.8 percent, to 6,378 after closing 0.1 percent lower on Monday.
TotalEnergies shares rose nearly 3 percent, tracking higher oil prices after OPEC raised its forecasts for world oil demand in the medium- and longer-term in an annual outlook released on Monday.
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U.S. Job Openings Unexpectedly Increase In April
Job openings in the U.S. unexpectedly increased in the month of April, according to a report released by the Labor Department on Tuesday. The Labor Department said job openings climbed to 7.391 million in April from an upwardly revised 7.200 million in March.
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vor 50 Minuten
U.S. Factory Orders Pull Back Sharply In April
A report released by the Commerce Department on Tuesday showed a substantial pullback by new orders for U.S. manufactured goods in the month of April. The Commerce Department said factory orders plunged by 3.7 percent in April after surging by a downwardly revised 3.4 percent in March.
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vor 1Std 12 Minuten
Eurozone Inflation Falls Below 2% Target To Boost ECB Rate Cut Hopes
Euro area inflation fell below the 2 percent target in May largely due to the slowdown in services inflation and reinforced expectations for another interest rate reduction from the European Central Bank later this week. Inflation softened more-than-expected to 1.9 percent in May from 2.2 percent in April, figures from Eurostat revealed on Tuesday. The rate was expected to slow to 2.0 percent.
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vor 2Std 31 Minuten
Swiss Franc Falls Against Majors
The Swiss franc weakened against other major currencies in the New York session on Tuesday.
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vor 2Std 45 Minuten
Dollar Index Rebounds Amidst Legal Whiplash For Trade Tariffs
The Dollar Index rebounded during the week ended May 30 amidst conflicting court rulings that debated the powers available to President Trump to enforce the reciprocal tariffs on trade partners.
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vor 3Std 20 Minuten
FTSE 100 Up Marginally In Cautious Trade
After edging up a bit in early trades, the U.K. stock market drifted lower Tuesday morning, but edged up on selective buying and was up marginally nearly half an hour past noon.
A downward revision in UK's growth forecast by OECD, and uncertainty surrounding the U.S. Government's tariff moves weigh on sentiment. The OECD has also downgraded its global growth forecast.
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vor 4Std 39 Minuten
Euro Area Jobless Rate Eases To 6.2% As Expected
Eurozone unemployment rate fell for the first time in four months in April, in line with expectations, preliminary data from the statistical office Eurostat showed on Tuesday.
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vor 4Std 59 Minuten
CAC 40 Down Marginally In Lackluster Trade
French stocks are down on Tuesday, extending recent losses, as a downgrade revision in global growth forecast by the Organization for Economic Co-operation and Development (OECD), and continued uncertainty about Trump administration's tariff moves weigh on sentiment.
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vor 5Std 15 Minuten
