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CAC 40 Edges Higher As Investors Await US Bank Earnings
(RTTNews) - French stocks rose on Friday to extend gains from the previous session as U.S. inflation and interest-rate worries receded and investors pinned hopes of more Chinese stimulus to revive stalling growth in the world's second largest economy.
Traders also awaited the unofficial start of the second-quarter U.S. earnings season, with financial giants Citigroup, JPMorgan Chase and Wells Fargo due to release their quarterly results before the start of trading.
The benchmark CAC 40 was up 25 points, or 0.3 percent, at 7,395 after adding half a percent the previous day.
The euro touched a fresh 16-month peak against a weakening dollar while Eurozone government bond yields were little changed after a powerful two-day rally.
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European Shares Inch Higher In Lackluster Trade
European shares inched higher on Tuesday as investors watched the latest developments on the trade front and reacted to widely expected rate cuts in China to stimulate consumption and loan growth.
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1小時10分鐘前
Australian Dollar Falls After RBA Rate Cut Decision
The Australian dollar weakened against other major currencies in the Asian session on Tuesday, Australia's central bank lowered its benchmark rate by a quarter-point on Tuesday as risks to inflation became more balanced.
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Asian Shares Mostly Higher In Cautious Trade
Asian stocks ended mostly higher on Tuesday after China and Australia cut interest rates as expected.
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Australia Cuts Key Interest Rate For Second Time This Year
Australia's central bank lowered its benchmark rate by a quarter-point for the second time this year as risks to inflation became more balanced, while uncertainties regarding economic outlook increased due to trade protectionism measures. The policy board of the Reserve Bank of Australia, governed by Michele Bullock, decided to cut the cash rate target to 3.85 percent from 4.10 percent.
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2小時23分鐘前
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The People's Bank of China reduced its benchmark interest rate for the first time in seven months to stimulate consumption and support the property market amid soothing trade tensions. The central bank lowered its one-year loan prime rate by 10 basis points to 3.0 percent from 3.10 percent.
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3小時50分鐘前
Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Tuesday.
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4小時17分鐘前
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4小時51分鐘前
R&M Refresher Instant Milk Tea Powder Recalled
Lakewood, Washington-based R&M Trading LLC is recalling R&M Refresher brand Instant Milk Tea powder products of various flavors as they may contain undeclared milk, a known allergen, the U.S. Food and Drug Administration said. The Instant Milk Tea products are recalled because the ingredients statement declares Whey and Caseinate in Non-Dairy Creamer ingredients, but it does not specify milk.
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5小時0分鐘前
