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CAC 40 Rallies As Industrial Output Rebounds
(RTTNews) - French stocks were trading higher on Friday after official data showed France's industrial production rebounded in April, led by a sharp recovery in petroleum output.
Industrial output logged a monthly growth of 0.8 percent, reversing the 1.1 percent decrease in March. Production was expected to climb 0.3 percent.
The passing of the U.S. debt ceiling bill and optimism that the U.S. Federal Reserve will pause interest-rate hikes in June also buoyed investor sentiment.
The benchmark CAC 40 was up 64 points, or 0.9 percent, at 7,199 after gaining 0.6 percent the previous day.
The dollar extended slide while Treasury yields held steady ahead of the all-important U.S. jobs data due later in the day.
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Japanese Market Significantly Lower
The Japanese market is trading significantly lower on Thursday, extending the losses in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 37,800 level, with weakness across most sectors led by index heavyweights, automakers and technology stocks.
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21 minutes ago
Indonesia Bourse May Test Resistance At 7,000 Points
The Indonesia stock market has finished higher in two straight sessions, improving more than 150 points or 2.2 percent in that span. The Jakarta Composite Index now rests just beneath the 6,980-point plateau although investors may lock in gains on Thursday.
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30 minutes ago
Oversold Hang Seng Nonetheless Called Higher Again
The Hong Kong stock market bounced higher again on Wednesday, one day after snapping the eight-day winning streak in which it had surged almost 1,600 points or 7.1 percent. The Hang Seng Index now sits just above the 23,640-point plateau although it may tick higher again on Thursday.
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45 minutes ago
Australian Market Slightly Lower
The Australian market is trading slightly lower on Thursday, snapping a six-session winning streak, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well below the 8,300 level, with weakness across most sectors led by gold miners and energy stocks.
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46 minutes ago
China Bourse May Add To Its Winnings On Thursday
The China stock market has moved higher in three straight sessions, improving almost 65 points or 1.9 percent along the way. The Shanghai Composite Index now rests just above the 3,400-point plateau and it's looking at a higher open again on Thursday.
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1h 0min ago
Taiwan Shares Expected To Open In The Green
The Taiwan stock market has moved higher in four straight sessions, collecting almost 1,250 points or 6.2 percent in that span. The Taiwan Stock Exchange now sits just above the 21,780-point plateau and it's likely to open to the upside again on Thursday.
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1h 30min ago
Rebound Anticipated For Singapore Shares
The Singapore stock market on Wednesday snapped the two-day winning streak in which it had gathered more than 30 points or 0.8 percent. The Straits Times Index now sits just above the 3,870-point plateau although it may bounce higher again on Thursday.
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2h 0min ago
Malaysia Bourse May See Additional Support
The Malaysia stock market has moved higher in three straight sessions, advancing more than 40 points or 2.7 percent in that span. The Kuala Lumpur Composite Index now sits just above the 1,580-point plateau and it may extend its gains again on Thursday.
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2h 30min ago
