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CAC 40 Climbs As Biden Says US Can Avert Recession
(RTTNews) - French stocks advanced on Friday amid optimism that China's economy is poised for a steady recovery from the COVID-19 impact.
Investors were also reacting to comments by U.S. President Joe Biden that a U.S. recession isn't inevitable and that the country was "in a stronger position than any nation in the world to overcome inflation."
The benchmark CAC 40 rose 49 points, or 0.8 percent, to 5,935 after declining 2.4 percent in the previous session.
EssilorLuxottica SA shares rose over 2 percent. The provider of ophthalmic lenses and frame said it will buy back up to 2.5 million shares in the period starting from June 17 to August 31, for a price not exceeding 200 euros per share.
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FTSE 100 Flat; Kingfisher Soars On Higher Guidance
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Eurozone Private Sector Logs Strongest Growth In 16 Months
The euro area private sector expanded the most in 16 months in September driven by the acceleration in services activity growth, flash survey results published by S&P Global revealed on Tuesday. At 51.2, the HCOB composite output index climbed slightly from August's 51.0 and was above forecast of 51.1. The index posted above the 50.0 no-change mark for the ninth straight month in September.
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CAC 40 Up 0.6%; STMicroElectronics Rises Sharply
Despite data showing a contraction in France's private sector activity in the month of September, French stocks are up firmly in positive territory Tuesday afternoon with data showing an acceleration in Eurozone private sector growth, and NVIDIA's plans to invest $100 billion in OpenAI aiding sentiment.
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Sensex, Nifty Recover From Early Lows
Indian shares cut early losses to end on a flat note on Tuesday. While a weakening rupee, tariff worries and concerns regarding the latest H1-B visa fee change weighed on markets, Fed rate cut hopes, falling oil prices and reports of strong festive-season demand for automobiles helped limit overall losses in the broader market.
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DAX Modestly Higher Despite Paring Some Early Gains
German stocks hold on in positive territory Tuesday afternoon despite paring some early gains. Data showing an acceleration in Germany's private sector activity in the month of September, and an increase in Eurozone service sector growth help underpin sentiment.
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Walmart To Kick Off Holiday Season With Early Deals On Oct. 7-12
In preparation for the upcoming holiday season, retail behemoth Walmart, Inc. is bringing tens of thousands of deals with early savings, starting October 7 through 12. While membership is not required for the first deals event of the season, Walmart+ members will get exclusive early access on October 6 at 7 p.m. ET, and shoppers can enjoy fast delivery and in-store convenience all week long.
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European Shares Edge Higher After PMI Data
European stocks traded higher on Tuesday after a measure of Eurozone business activity hit a 16-month high in September.
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Asian Shares Mixed In Cautious Trade
Asian stocks ended mixed on Tuesday, with Japanese markets closed for a public holiday and Hong Kong preparing for Typhoon Ragasa, which is expected to pass the city in the next 24 hours.
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