CAC-40 Declines Amidst Concerns About Inflation, China Growth

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CAC-40 Declines Amidst Concerns About Inflation, China Growth

(RTTNews) - The CAC-40 benchmark slipped in Tuesday's trade amidst concerns about inflation ahead of release of latest readings. Anxiety about economic growth in China also weighed on sentiment, dragging luxury stocks lower.

The CAC-40 is currently trading at 7,223.07, dropping 0.57 percent from the previous close of 7,265.49. The day's trading has been between 7,243.08 and 7,214.06.

Only 13 of the 40 scrips in the index are currently trading in positive territory.

Safran topped with gains of 1.1 percent followed by Airbus that added 0.97 percent. Orange, TotalEnergies and Capgemini have also recorded gains of close to half a percent.

Kering slipped close to 2.9 percent followed by Pernod Ricard that declined 2.8 percent. LVMH has slipped 2.6 percent whereas Alstom dropped 2.1 percent.

The EUR/USD slipped 0.02 percent to trade at 1.0950, whereas the Dollar Index edged down 0.02 percent to trade at 103.17.

Yields on France's ten-year bonds have increased 0.40 percent to 3.128%.

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Australian Market Extends Early Losses In Mid-market

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Japanese Market Significantly Lower

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Hong Kong Shares May Be Stuck In Neutral On Tuesday

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The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.
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Australian Market Modestly Lower

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.
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