CAC 40 Rebounds As Italy Eases Stance On Windfall Tax

RTTNews | 726 days ago
CAC 40 Rebounds As Italy Eases Stance On Windfall Tax

(RTTNews) - French stocks traded sharply higher on Wednesday, with banks rebounding from the previous session's losses after the Italian government clarified that the new windfall tax on banks would not amount to more than 0.1 percent of their assets.

Investors also shrugged off weak inflation data from China as concerns about deflation risks and problems at Country Garden, once China's largest developer, increased calls for more stimulus.

The benchmark CAC 40 jumped 112 points, or 1.5 percent, to 7,381 after falling 0.7 percent the previous day.

The euro edged up against the dollar ahead of U.S. inflation readings this week that might influence the Fed's rate trajectory.

Banks BNP Paribas, Credit Agricole and Societe Generale were up 1-2 percent.

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Yen Rises Against Majors

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The Japanese yen strengthened against other major currencies in the Asian session on Monday.
RTTNews | 1h 16min ago
European Economic News Preview: Eurozone Sentix Investor Confidence Due

European Economic News Preview: Eurozone Sentix Investor Confidence Due

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RTTNews | 2h 10min ago
European Shares Seen Tad Higher At Open

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RTTNews | 2h 28min ago
Australian Market Extends Early Losses In Mid-market

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The Australian stock market is extending its early losses in choppy mid-market trading on Monday, also adding to the losses in the previous two sessions, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling below the 8,650.00 level, with weakness in energy, financial and technology stocks partially offset by strong gains in mining stocks.
RTTNews | 4h 26min ago
Asian Markets Trade Mixed

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RTTNews | 5h 7min ago
Thai Stock Market Expected To Open In The Red Again On Monday

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RTTNews | 6h 9min ago