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CAC 40 Extends Gains As China Cuts Rates To Boost Growth
(RTTNews) - French stocks rose on Tuesday to extend gains from the previous session on hopes that U.S. inflation data later in the day would likely show an easing in prices in May, and that the Federal Reserve would resist raising rates at the end of a two-day policy meeting on Wednesday.
The benchmark CAC 40 was up 36 points, or half a percent, at 7,286 after gaining half a percent the previous day.
China-exposed luxury giant LVMH and Hermes International both rallied around 1.3 percent after the People's Bank of China (PBOC) cut its seven-day reverse repo rate by 10 basis points in a bid to restore market confidence and prop up slowing economic growth.
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Win Streak May Continue For Taiwan Stock Market
The Taiwan stock market has moved higher in two straight sessions, collecting almost 600 points or 3 percent in that span. The Taiwan Stock Exchange now sits just beneath the 21,130-point plateau and it's tipped to open in the green on Tuesday.
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Singapore Shares May Test Resistance At 3,900 Points
Ahead of Monday's holiday for Wesak Day, the Singapore stock market had bounced higher again, one day after ending the five-day winning streak in which it had risen more than 60 points or 1.7 percent. The Straits Times Index now sits just above the 3,875-point plateau and it's expected to open to the upside again on Tuesday.
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Malaysia Bourse Tipped To Return To The Upside
Ahead of Monday's holiday for Wesak Day, the Malaysia stock market had moved higher in two of three trading days since ending the two-day slide in which it had slipped six points or 0.4 percent. The Kuala Lumpur Composite Index now sits just above the 1,545-point plateau and it's likely to see additional support again on Tuesday.
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1घंटे 22 मिनट पहले
Nikkei May Crack Resistance At 38,000 Points
The Japanese stock market has moved higher in three straight sessions, rallying more than 860 points or 2.3 percent along the way. The Nikkei 225 now sits just beneath the 37,650-point plateau and it may extend its gains again on Tuesday.
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Tech Shares Likely To Power KOSPI
The South Korea stock market rebounded on Monday, one session after snapping the three-day winning streak in which it had risen more than 20 points or 0.8 percent. The KOSPI now sits just shy of the 2,610-point plateau and it may add to its winnings on Tuesday.
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1घंटे 52 मिनट पहले
New Zealand Card Retail Sales Data Due On Tuesday
New Zealand will on Tuesday release April figures for electronic card retail sales, highlighting a modest day for Asia-Pacific economic activity. In March, sales sank 0.8 percent on quarter and 1.6 percent on year.
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Pound Rises Against Most Majors
The pound advanced against its most major counterparts in the New York session on Monday.
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TSX Remains Firmly Up Despite Coming Off Early Highs
The Canadian market remains in positive territory Monday afternoon as the mood remains fairly bullion amid easing concerns about tariffs following China and U.S. agreeing on a trade deal.
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