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French Stocks Decline As Luxury Stocks Drag
(RTTNews) - French stocks fell sharply on Wednesday after luxury goods bellwether LVMH reported lower sales growth in the third quarter in a sign that the post-pandemic luxury boom is waning.
LVMH shares slumped 7 percent while peers Hermes and Kering fell 2-3 percent.
The benchmark CAC 40 was down 52 points, or 0.7 percent, at 7,109 after climbing around 2 percent the previous day on dovish Fed talk and reports of new Chinese stimulus.
Veolia edged up slightly on news the resource management company has bagged a contract worth over 2 billion euros in Hong Kong.
Accor S.A., a hospitality company, gained about 1 percent after launching a 400 million euros share buyback program.
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European Shares Mostly Higher In Cautious Trade; FTSE 100 Underperforms
European shares edged up to hit a two-week high on Thursday as investors assessed a slew of earnings and U.K. GDP data.
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vor 40 Minuten
Asian Shares Mostly Lower Ahead Of Trump-Putin Summit
Asian stocks ended mostly lower on Thursday as investors digested weak China bank lending data and awaited crucial U.S.-Russia talks on Ukraine.
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vor 1Std 4 Minuten
Australian Dollar Advances On Robust Employment Data
The Australian dollar strengthened against some major counterparts in the Asian session on Thursday, after data showed that the Australia's unemployment rate dropped in July and employment increased sharply, suggesting that the labor market conditions remain strong.
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vor 1Std 26 Minuten
Yen Rises Amid BoJ Rate Hike Expectation
The Japanese yen strengthened against other major currencies in the Asian session on Thursday, as the Bank of Japan (BoJ) raised its inflation outlook in July and kept the door open for an imminent interest rate hike by the end of current year.
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vor 1Std 47 Minuten
Australian Dollar Advances Against Some Majors
The Australian dollar strengthened against some major counterparts in the Asian session on Thursday.
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vor 3Std 18 Minuten
European Shares Seen Mixed As Focus Shifts To US-Russia Talks
European stocks are seen opening on a mixed note Thursday as traders eagerly await a high-profile meeting between U.S. President Donald Trump and Russian President Vladimir Putin scheduled for Friday.
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vor 4Std 5 Minuten
European Economic News Preview: UK GDP & Foreign Trade Data Due
Monthly GDP estimates and foreign trade from the UK and flash quarterly national accounts and employment from the euro area are due on Thursday. At 2.00 am ET, the Office for National Statistics releases UK GDP, industrial output and foreign trade data. The economy is forecast to grow 0.2 percent on a monthly basis in June, reversing a 0.1 percent fall in May.
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vor 4Std 29 Minuten
Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
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vor 4Std 39 Minuten
