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CAC 40 Little Changed Ahead Of ECB Meeting
(RTTNews) - French stocks held steady on Wednesday ahead of U.S. consumer inflation data due later in the day which could shed light on the size of a widely expected rate cut by the Federal Reserve at next week's policy meeting.
Focus was also on the European Central Bank (ECB), which is likely to reduce its own borrowing costs for the second time this year on Thursday.
The benchmark CAC 40 was marginally higher at 7,408 after declining 0.2 percent the previous day.
Drug maker Sanofi fell about 1 percent. The French company and its partner Regeneron have presented data from a phase 3 trial that could help push the megablockbuster across the finish line in the indication.
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UK Inflation Unchanged At 3.8%
U.K. consumer price inflation remained sticky in August on higher food prices, official data showed Wednesday, ahead of the policy announcement by the Bank of England on Thursday. The consumer price index rose 3.8 percent on a yearly basis in August, the same rate of increase as seen in July, the Office for National Statistics reported. Inflation matched economists' expectations and stood well ab
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U.S. Housing Starts Plunge 8.5% In August, Much More Than Expected
After reporting significant increases in new residential construction in the U.S. over the two previous months, the Commerce Department released a report on Wednesday showing housing starts pulled back by much more than expected in the month of August.
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Bay Street Seen Opening On Cautious Note; BoC, Fed Rate Decisions Eyed
The Canadian market is likely to open on a cautious note on Wednesday, with investors awaiting monetary policy announcements from the Bank of Canada and the Federal Reserve. Weak commodity prices may weigh on resources stocks.
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Bank Indonesia Cuts Rate Unexpectedly
Indonesia's central bank reduced its key interest rate unexpectedly to the lowest level since 2022 to stimulate economic growth and also raised expectations for more reductions. The Bank Indonesia board, governed by Perry Warjiyo, decided to cut the BI rate by 25 basis points to 4.75 percent. Markets anticipated the central bank to hold the rate this time amid political unrest.
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hace 2h 22min
Indian Rupee Rises To Near 3-week High On Trade Talk Optimism
The Indian rupee strengthened against the U.S. dollar in the Asian session on Wednesday, after India and the U.S. agreed to speed up talks on a bilateral trade.
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FTSE 100 Modestly Higher In Cautious Trade
UK stocks are up in positive territory a little past noon on Wednesday with investors digesting the nation's inflation data and looking ahead to the Federal Reserve's rate decision, due on Wednesday, and the Bank of England's policy announcement due later today.
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hace 2h 34min
CAC 40 Modestly Lower In Cautious Trade
French stocks are down in negative territory Wednesday afternoon with investors making cautious moves, looking ahead to the Federal Reserve's monetary policy announcement, due later in the day.
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hace 2h 53min
DAX Pares Early Gains, Down Slightly
After opening on a firm note and staying quite positive till around mid morning, the German market gave up gains and was down slightly a little past noon on Wednesday, as investors focus on the Federal Reserve's interest rate decision, due later in the day.
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