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DAX Rises On China Stimulus Hopes
(RTTNews) - German stocks traded higher on Friday after China's cabinet vowed to act decisively in ramping up support for the ailing economy.
Authorities will seize the window of opportunity and "decisively enhance the strength (of policy), roll out all policy measures that are needed to stabilize the economy", the cabinet was quoted as saying after a regular meeting.
Investors were also reacting to comments by U.S. President Joe Biden to The Associated Press on Thursday that he saw reasons for optimism about the economy. A recession is "not inevitable," Biden said.
The benchmark DAX jumped 137 points, or 1.1 percent, to 13,175 after losing 3.3 percent the previous day.
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EU Upgrades Eurozone 2025 Growth Outlook Despite Challenges
The European Commission said the euro area economy is set to grow more than projected in spring this year driven by a surge in exports ahead of anticipated tariff increases and higher investment in equipment and intangible assets. In the Autumn Forecast released on Monday, the EU raised its economic growth outlook for the current year to 1.3 percent from 0.9 percent.
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Bay Street Likely To See Mixed Start
Canadian stocks are likely to open on a mixed note on Monday, tracking the trend in European markets and commodity prices. Canadian inflation data, due this morning, could significantly impact the mood. Investors will also be looking ahead to some crucial economic data this week.
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FTSE 100 Drifts Lower In Cautious Trade; WPP Rises Sharply
U.K. stocks are turning in a mixed performance in cautious trade on Monday as investors await fresh economic data for directional clues. Worries about AI bubble and uncertainty about upcoming policy moves of major central banks, including the Federal Reserve, also contribute to the cautious mood in the market.
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CAC 40 Modestly Lower
French stocks are languishing in negative territory a little past noon on Monday with investors largely making cautious moves amid lingering concerns about Artificial Intelligence bubble, and a bit of uncertainty about the Federal Reserve's upcoming policy move.
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Walmart's Black Friday Deals To Be Available On Nov. 25 To Nov. 30
With the holiday season nearing soon, retail behemoth Walmart, Inc. has unveiled thousands of Black Friday and Cyber Monday deals, promising bigger savings. The retailer's new Black Friday Deals are available starting November 25 to November 30, and exclusive Cyber Monday steals are dropping December 1. The Black Friday event starts online on Tuesday, November 25 at 12 a.m. ET...
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Dollar Slips As Longest-ever Federal Shutdown Ends
The U.S. Dollar declined during the week ended November 17 as the longest ever shutdown of the U.S. government came to a close.
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Indian Shares End Higher Despite Weak Global Cues
Indian shares eked out modest gains on Monday, with underlying sentiment supported by a resounding victory for the BJP-led NDA in the Bihar elections and optimism surrounding a potential India-U.S. trade deal.
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European Shares Mixed In Lackluster Trade
European stocks were mixed on Monday due to concerns about an artificial intelligence bubble and global growth.
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