CAC 40 Edges Higher Ahead Of Powell's Speech

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CAC 40 Edges Higher Ahead Of Powell's Speech

(RTTNews) - French stocks eked out modest gains on Thursday as investors awaited a policy decision from the European Central Bank for directional cues.

The ECB hawks have managed to push the market towards expecting a 75-basis point rate hike to control uncomfortably high inflation.

Investors also await comments from Federal Reserve Chair Jerome Powell for additional clues on inflation and growth outlook.

The benchmark CAC 40 was up 15 points, or 0.2 percent, at 6,120 after finishing marginally higher the previous day.

Valneva SE shares fell 1.3 percent. The vaccine maker focused on infectious diseases, and VBI Vaccines Inc. said that they have joined hands for the marketing and distribution of PreHevbri in select European countries.

Crédit Agricole S.A. rose 0.6 percent after the lender confirmed its intention to acquire about 4.8 percent of the capital of Crédit Agricole Egypt.

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China Trade Data On Tap For Thursday

China Trade Data On Tap For Thursday

China will on Thursday release July figures for imports, exports and trade balance, highlighting a busy day for Asia-Pacific economic activity.
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U.S. Dollar Drops Against Majors

U.S. Dollar Drops Against Majors

The U.S. dollar weakened against its major counterparts in the New York session on Wednesday.
RTTNews | 1घंटे 44 मिनट पहले
Swiss Market Ends Notably Lower

Swiss Market Ends Notably Lower

Save for a few minutes about an hour after the opening bell, the Switzerland market stayed weak on Wednesday with several stocks reeling under selling pressure. Investors were cautious amid concerns about the impact of U.S. tariffs, and Donald Trump's fresh threat that his government might consider imposing tariffs on chips and pharmaceuticals.
RTTNews | 4घंटे 47 मिनट पहले
Canadian Stocks Surge Higher Again; TSX Scales New Record High

Canadian Stocks Surge Higher Again; TSX Scales New Record High

Canadian stocks are up firmly in positive territory on Wednesday, and the benchmark S&P/TSX Composite Index stays high up after hitting a fresh record. Rising optimism about a rate cut by the Federal Reserve in September, firm oil prices and some upbeat corporate earnings announcements are contributing to the positive mood in the market.
RTTNews | 6घंटे 7 मिनट पहले
India Holds Key Interest Rates Steady As Trade Tensions Escalate

India Holds Key Interest Rates Steady As Trade Tensions Escalate

The Reserve Bank of India left its key interest rates unchanged on Wednesday after an aggressive cut in June as the economy faces another threat from the US due to its Russian oil imports. The RBI Monetary Policy Committee, led by Governor Sanjay Malhotra, unanimously decided to hold the policy repo rate at 5.50 percent. The bank had reduced the rate by 50 basis points in June.
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Bay Street Looks Set To Extend Upmove

Bay Street Looks Set To Extend Upmove

Canadian shares look headed for a positive start on Wednesday, riding on some impressive corporate earnings updates, and higher oil prices. The focus will also be on the developments on the trade front.
RTTNews | 10घंटे 7 मिनट पहले
Eurozone Retail Sales Recover In June

Eurozone Retail Sales Recover In June

Euro area retail sales rebounded in June suggesting that household spending likely supported economic growth in the second quarter, official data revealed on Wednesday. Retail sales grew 0.3 percent on a monthly basis in June, offsetting May's 0.3 percent decline, Eurostat said. However, this was marginally weaker than economists' forecast for a 0.4 percent increase.
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