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DAX Holds Steady Ahead Of Fed Decision
(RTTNews) - German stocks were little changed on Wednesday ahead of the Federal Reserve's rate decision later in the day.
While no change in interest rates is expected, investors await the accompanying policy statement and Chair Jerome Powell's press conference for fresh insight on the likely path ahead.
A pause in interest rates at today's meeting would mark the second consecutive pause in interest rates since the Fed lifted rates to a range of 5.25 percent to 5 percent in July.
The benchmark DAX was marginally higher at 14,822 after gaining 0.6 percent in the previous session.
Banks traded higher, with Commerzbank rallying 1.3 percent and Deutsche Bank adding half a percent.
Automakers BMW and Mercedes Benz both traded up around 1 percent.
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CAC 40 Moderately Lower
French stocks are exhibiting weakness on Thursday in cautious trade, with investors awaiting speeches from central bank chiefs at the Jackson Hole Symposium, which gets underway later in the day. Investors are also digesting flash survey figures on regional manufacturing and services sector activity in the month of August.
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German stocks are down in negative territory on Thursday with investors making cautious moves while looking ahead to Fed Chair Jerome Powell's speech at the Jackson Hole Symposium for clues about the central bank's likely move on rate cuts this year.
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Indian shares extended gains for a sixth day running on Thursday as investors continued to remain optimistic about S&P's rating upgrade for India, improving Sino-India relations and the Centre's plan to rationalize Goods and Services Tax (GST).
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Pound Rises Against Majors
The British pound strengthened against other major currencies in the European session on Thursday.
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European Shares Subdued Ahead Of Jackson Hole Summit
European stocks were little changed on Thursday as investors looked ahead to Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium for hints of possible rate cuts this year.
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Indian Rupee Rises To 2-day High On Upbeat India's PMI Data
The Indian rupee strengthened against the U.S. dollar in the European session on Thursday, after India's private sector activity expanded at the fastest pace on record amid sharp growth in new orders.
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Asian Shares Mixed As Investors Await Powell Speech
Asian stocks ended mixed on Thursday as investors awaited policy signals from Federal Reserve Chair Jerome Powell, who is expected to speak on Friday at the Fed's annual conference in Jackson Hole, Wyoming.
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2h 37min ago
