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CAC 40 Gains As Fed Worries Ease
(RTTNews) - French stocks rose on Friday to extend gains from the previous session after a survey showed business activity at French service providers expanded in February for the first time since October last year.
Sentiment was also underpinned after a Fed official suggested a measured approach to raising interest rates and a private survey showed China's services sector expanded at the fastest pace in six months in February.
The benchmark CAC 40 was up 38 points, or half a percent, at 7,320 after climbing 0.7 percent on Thursday.
Among the top gainers, BNP Paribas, Capgemini, Credit Agricole, Societe Generale, Veolia, Engie, ArcelorMittal, Renault and STMicroelectronics jumped 1-2 percent.
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U.S. Dollar Firms On Deficit Concerns
The U.S. dollar was higher against its most major counterparts in the New York session on Thursday, as treasury yields soared amid concerns about the fiscal impact of President Donald Trump's tax bill.
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1h 55min ago
Swiss Market Ends Notably Lower
After opening modestly down, the Switzerland market kept sliding on Thursday, and despite recovering some lost ground past mid afternoon, ended the day's session on a weak note.
Concerns about U.S. debt, and continued uncertainty about tariff negotiations rendered the mood cautious.
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3h 0min ago
European Stocks Close Weak As U.S. Fiscal Deficit Fuels Growth Concerns
European stocks closed lower on Thursday as rising concerns over U.S. fiscal outlook and a lack of clarity on tariff negotiations rendered the mood cautious, prompting investors to lighten commitments.
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3h 20min ago
Canadian Market Up Marginally At Noon In Cautious Trade
After opening slightly up, the Canadian market slipped into negative territory Thursday morning, but edged up a bit subsequently in cautious trade, with a few stocks from technology and financials sectors posting solid gains.
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4h 36min ago
U.S. Existing Home Sales Unexpectedly See Further Downside In April
Existing home sales in the U.S. unexpectedly saw further downside in the month of April, according to a report released by the National Association of Realtors on Thursday. NAR said existing home sales fell by 0.5 percent to an annual rate of 4.00 million in April after plunging by 5.9 percent to a rate of 4.02 million in March.
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6h 7min ago
U.S. Weekly Jobless Claims Unexpectedly Edge Down To 227,000
A report released by the Labor Department on Thursday unexpectedly showed a slight decline by first-time claims for U.S. unemployment benefits in the week ended May 17th. The Labor Department said initial jobless claims edged down to 227,000, a decrease of 2,000 from the previous week's unrevised level of 229,000. The dip surprised economists, who had expected jobless claims to inch up to 230,000.
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7h 3min ago
U.S. Weekly Jobless Claims Unexpectedly Edge Slightly Lower
A report released by the Labor Department on Thursday unexpectedly showed a slight decline by first-time claims for U.S. unemployment benefits in the week ended May 17th.
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8h 11min ago
Euro Weakens After German Composite PMI Falls
The euro weakened against other major currencies in the European session on Thursday, following the release of Germany's composite output index for May.
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8h 15min ago
