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CAC 40 Rallies As Inflation Worries Ebb
(RTTNews) - French stocks rallied on Thursday to extend gains from the previous session after data showed Spanish inflation cooled to a twenty-month low in March on lower energy prices.
Inflation data from Germany and the latest figures for eurozone consumer, industrial and economic confidence are awaited.
The benchmark CAC 40 was up 76 points, or 1.1 percent, at 7,263 after rising 1.4 percent the previous day.
Among the top gainers, AXA, Alstom, BNP Paribas, Credit Agricole, Essilor Luxottica, Renault, Societe Generale and Veolia jumped 2-3 percent. The dollar and euro steadied as concerns over the banking sector receded and investors believed the U.S. rate hiking cycle is nearing an end.
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U.S. Jobless Claims Rise More Than Expected To 226,000
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 2nd. The Labor Department said initial jobless claims climbed to 226,000, an increase of 7,000 from the previous week's revised level of 219,000.
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il y a 16 minutes
Bank Of England Cuts Rate In Tight Vote
The Bank of England reduced its benchmark interest rate in a close call on Thursday suggesting that the monetary easing cycle is nearing an end as policymakers became more concerned about persistent inflation. The Monetary Policy Committee, headed by BoE Governor Andrew Bailey, voted 5-4 to cut the bank rate by 25 basis points to 4.00 percent.
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il y a 1h 13min
Global Cues, Firm Commodity Prices Point To Another Firm Start On Bay Street
Canadian shares are likely to open higher Thursday morning, tracking positive global cues and higher commodity prices.
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il y a 1h 56min
U.S. Labor Productivity Surges 2.4% In Second Quarter
Labor productivity in the U.S. saw a significant rebound in the second quarter of 2025, according to preliminary data released by the Labor Department on Thursday.
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il y a 2h 3min
U.S. Weekly Jobless Claims Rise More Than Expected
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 2nd.
RTTNews
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il y a 2h 9min
Pound Jumps After BoE Rate Decision
The British pound strengthened against other major currencies in the European session on Thursday the Bank of England (BoE) reduced UK interest rates by a quarter point, making it the fifth reduction in a year, although almost half of its policymakers opted to maintain borrowing costs.
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il y a 2h 37min
CAC 40 Remains Firmly Up; ArcelorMittal Rises Over 7%
French stocks are up in positive territory on Thursday, despite concerns about the impact of U.S. tariffs that come into force today. Investors are largely focusing on earnings, and digesting the Bank of England's interest rate decision.
RTTNews
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il y a 2h 39min
Pound Rises Against Majors
The British pound strengthened against other major currencies in the European session on Thursday.
RTTNews
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il y a 2h 55min
