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CAC 40 Rises As China Lifts Ban On Group Travel
(RTTNews) - French stocks were rising on Thursday amid hopes that U.S. consumer price inflation data due out later in the day will support the end of the Federal Reserve's monetary tightening cycle.
The benchmark CAC 40 was up 87 points, or 1.2 percent, at 7,408 after climbing 0.7 percent in the previous session.
China-related luxury makers were rising after China announced it would allow group tours to 12 more locations across Asia.
This is the first time in six years that China is allowing group tours to South Korea, having banned such tours in 2017 in response to the deployment of the Terminal High Altitude Area Défense system in South Korea.
LVMH and Hermes both jumped over 2 percent.
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Higher Open Tipped For Thai Stock Market
The Thai stock market on Thursday ended the two-day slide in which it had dropped almost 20 points or 1.5 percent. The Stock Exchange of Thailand now rests just beneath the 1,165-point plateau and it's expected to open to the upside again on Friday.
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32 minutes ago
Japanese Market Sharply Lower
The Japanese stock market is sharply lower on Friday, snapping a five-session winning streak, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling below the 37,900 level, with weakness across most sectors led by index heavyweights, exporters and technology stocks.
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38 minutes ago
Additional Support Expected For Hong Kong Stock Market
The Hong Kong stock market has alternated between positive and negative finishes through the last six trading days since the end of the two-day winning streak in which it had rallied almost 500 points or 2.2 percent. The Hang Seng Index now sits just beneath the 23,575-point plateau and it's tipped to open higher again on Friday.
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1h 2min ago
Australian Market Modestly Lower
The Australian stock market is trading modestly loser on Friday, reversing the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,400 level, with weakness in iron ore miners and technology stocks partially offset by a mixed performance in energy and financial stocks.
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1h 3min ago
China Bourse May Extend Thursday's Gains
The China stock market on Thursday snapped the five-day losing streak in which it had surrendered almost 50 points or 1.5 percent. The Shanghai Composite Index now sits just beneath the 3,365-point plateau and it may see additional support on Friday.
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1h 32min ago
Japan Retail Sales Climb 3.3% On Year In April
The value of retail sales in Japan was up 3.3 percent on year in April, the Ministry of Economy, Trade and Industry said on Friday - coming in at 12.925 trillion yen.
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1h 48min ago
Japan Industrial Output Slips 0.9% In April
Industrial production in Japan was down 0.9 percent on month in April, the Ministry of Economy, Trade and Industry said on Friday.
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1h 53min ago
Win Streak May Continue For Singapore Stock Market
The Singapore stock market has moved higher in three straight sessions, advancing more than 40 points or 1 percent along the way. The Straits Times Index now sits just above the 3,915-point plateau and it may add to its winnings again on Friday.
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2h 2min ago
