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CAC 40 Slips On Growth Concerns
(RTTNews) - French stocks fell on Thursday to extend losses from the previous session on concerns about America's ability to govern itself.
Meanwhile, a survey showed today that France's services sector contracted more than initially estimated in July, spurring fresh concerns about growth.
The benchmark CAC 40 was down 76 points, or 1 percent, at 7,236 after closing 1.3 percent lower on Wednesday.
Societe Generale shares jumped nearly 2 percent after the lender returned to profit in the second quarter of this year and announced the launch of the 2022 share buyback program, for around 440 million euros.
Axa dropped 1.4 percent. The insurer reported that its first-half net income edged down to 3.833 billion euros from last year's 3.852 billion euros.
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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 1h 37min
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 1h 58min
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 2h 29min
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 3h 48min
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 7h 10min
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 8h 13min
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 8h 40min
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 8h 54min
