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CAC 40 Climbs As Biden Says US Can Avert Recession
(RTTNews) - French stocks advanced on Friday amid optimism that China's economy is poised for a steady recovery from the COVID-19 impact.
Investors were also reacting to comments by U.S. President Joe Biden that a U.S. recession isn't inevitable and that the country was "in a stronger position than any nation in the world to overcome inflation."
The benchmark CAC 40 rose 49 points, or 0.8 percent, to 5,935 after declining 2.4 percent in the previous session.
EssilorLuxottica SA shares rose over 2 percent. The provider of ophthalmic lenses and frame said it will buy back up to 2.5 million shares in the period starting from June 17 to August 31, for a price not exceeding 200 euros per share.
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Win Streak May End For Japan Stock Market
The Japanese stock market has moved higher in four straight sessions, rallying more than 1,430 points or 3.2 percent in that span. The Nikkei 225 now sits just above the 44,900-point plateau although it may run out of steam on Wednesday.
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17 minutes ago
KOSPI Overdue For Profit Taking On Wednesday
The South Korea stock market has moved higher in 11 straight sessions, surging more than 300 points or 9.6 percent along the way. Now at another fresh record closing high, the KOSPI sits just beneath the 3,450-point plateau although investors figure to lock in gains on Wednesday.
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32 minutes ago
Japan Trade Data Due On Wednesday
Japan will on Wednesday release August numbers for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity.
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1h 32min ago
U.S. Dollar Drops Against Majors
The U.S. dollar weakened against its major counterparts in the New York session on Tuesday.
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1h 39min ago
Swiss Market Ends On Weak Note
The Switzerland market closed notably lower on Tuesday, in line with most of the major markets across Europe, as the mood remained cautious ahead of monetary policy announcements from the Federal Reserve and the Bank of England, due on Wednesday and Thursday, respectively.
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5h 3min ago
European Markets Close On Weak Note Ahead Of Fed, BoE Policy Decisions
European markets closed notably lower on Tuesday as investors, digesting a slew of economic data from the region, remained reluctant to pick up stocks ahead of Federal Reserve's interest rate decision due on Wednesday.
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5h 18min ago
U.S. Business Inventories Rise 0.2% In July, In Line With Estimates
The Commerce Department released a report on Tuesday showing business inventories in the U.S. increased in line with expectations in the month of July. The report said business inventories rose by 0.2 percent in July, matching the increase seen June as well as economist estimates.
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6h 19min ago
U.S. Homebuilder Confidence Holds Steady In September
Homebuilder confidence in the U.S. held steady in the month of September, according to a report released by the National Association of Home Builders on Tuesday. The report said the NAHB/Wells Fargo Housing Market Index came in at 32 in September, unchanged from August. Economists had expected the index to inch up to 33.
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6h 47min ago
