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CAC 40 Rises On China Optimism
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(RTTNews) - French stocks rose notably on Monday after China's top leaders said they will focus on boosting the economy next year.
While more concrete policies are expected in March, the main tools for growth will be fiscal stimulus and stable monetary policies, state media quoted a senior Chinese Communist Party official as saying on Saturday.
Investors also reacted positively to the latest survey results showing that a measure of German business sentiment increased for a third straight month in December.
The Ifo business-climate index rose to 88.6 from a revised 86.4 in November.
The benchmark CAC 40 was up 41 points, or 0.6 percent, at 6,493 after closing 1.1 percent lower on Friday.
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Asian Markets Trade Mixed
Asian stock markets are trading mixed on Wednesday, following the mixed cues from Wall Street overnight, as traders assess the impact a temporary US-China tariff war settlement, under which tariffs will be reduced to 30 percent and 10 percent, respectively, for a 90-day period. They also cautiously await trade deals with other major US trading partners. Asian markets closed mixed on Tuesday.
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Sensex, Nifty Seen Higher At Open
Indian shares look set to open on a positive note Wednesday after official data showed India's consumer price inflation eased further in April to the lowest level in nearly six years amid a slower rise in food prices.
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