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CAC 40 Holds Steady As Investors Await US GDP Data
(RTTNews) - French stocks struggled for direction in early trade on Wednesday as growth worries offset expectations of slower interest-rate hikes from the Federal Reserve.
The focus is now on the fourth-quarter U.S. GDP data due Thursday, which could set the tone for the Fed's Jan. 31-Feb. 1 policy meeting.
The benchmark CAC 40 was marginally higher at 7,055 after rising 0.3 percent in the previous session. The U.S. dollar was pinned around its lowest level in nine months against peers.
Alstom SA was moving lower. The rolling stock maker reported that its sales for the third quarter 2022/23 rose to 4.22 billion euros from 3.92 billion euros in third quarter 2021/22.
The company confirmed full year outlook and mid-term 2024/25 objectives.
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Swiss Stocks Close Notably Lower On Weak Global Cues
The Switzerland market ended weak on Tuesday, in line with markets across Europe and elsewhere, as worries fears of Artificial Intelligence bubble, uncertainty about interest rates, and a lack of positive economic data rendered the mood bearish.
RTTNews
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hace 3h 48min
European Markets Drop To Multi-week Lows On Growth Worries, Rate Uncertainty
European stocks closed weak on Tuesday, and several markets in the region dropped to multi-week lows, as worries about lofty valuations of Artificial Intelligence-related stocks, and uncertainty about interest rate moves by global central banks, including the Federal Reserve, rendered the mood cautious and forced investors to trim down long positions.
RTTNews
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hace 4h 8min
TSX Down Nearly 0.5% Despite Coming Off Early Lows
The Canadian market continues to languish in negative territory a little past noon on Tuesday, despite recovering from early lows.
Worries about lofty valuations of AI-related stocks, and uncertainty about the Federal Reserve's upcoming interest rate moves weigh on sentiment, prompting investors to trim down positions.
RTTNews
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hace 4h 40min
U.S. Homebuilder Confidence Unexpectedly Edges Higher In November
Homebuilder confidence in the U.S. has unexpectedly seen a modest improvement in the month of November, according to a report released by the National Association of Home Builders on Tuesday. The report said the NAHB/Wells Fargo Housing Market Index crept up to 38 in November after jumping to 37 in October.
RTTNews
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hace 5h 58min
Bay Street May Open On Weak Note
Canadian stocks are likely to open lower Tuesday morning, tracking weak global cues amid concerns about AI bubble and uncertainty surrounding the Federal Reserve's interest rate moves in coming months.
RTTNews
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hace 9h 20min
FTSE 100 Down 1.25%; Bank, Miners Among Major Losers
The U.K. stock market's benchmark FTSE 100 is down sharply in negative territory on Tuesday, extending losses to a fourth straight session, with several counters across various sectors seeing a sell-off amid concerns about the outlook for global economy.
RTTNews
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hace 10h 23min
CAC 40 Extends Recent Losses As Stocks Tumble On Economic Worries
French stocks are down sharply in negative territory on Tuesday, extending recent losses, amid lingering worries about high tech valuations, and continued uncertainty about interest rate moves of the Federal Reserve.
The mood is extremely cautious with investors awaiting AI major Nvidia's updates due on Wednesday, and some crucial U.S. economic data for directional clues.
RTTNews
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hace 10h 51min
DAX Down More Than 1% Despite Paring Some Early Losses
German stock market's benchmark index DAX is sliding for a fourth straight session, falling more than 1% on Tuesday, amid rising concerns about high valuations of Artificial Intelligence-related stocks, and uncertainty surrounding the upcoming policy moves of the Federal Reserve due to a lack of some crucial macro economic data.
RTTNews
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hace 11h 5min
