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CAC 40 Slides As Fed Flags Lack Of Further Progress On Inflation
(RTTNews) - French stocks fell notably on Thursday after the U.S. Federal Reserve said it doesn't plan to cut interest rates until it has "greater confidence" that price increases are slowing.
Also weighing on sentiment, the latest HCOB PMI data showed that conditions in the French manufacturing sector continued to deteriorate at the start of the second quarter.
The benchmark CAC 40 was down 67 points, or 0.8 percent, at 7,919 as trading resumed after the May Day holiday.
In corporate news, office services and call center company Teleperformance surged nearly 10 percent after quarterly revenue jumped 26.7 percent, boosted by its acquisition of Dutch rival Majorel completed last year.
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Asian Markets Track Wall Street Higher
Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, amid growing optimism about the outlook for interest rates after sharp downward revisions in US jobs data and ahead of the release of the closely watched US inflation data later in the week. Currencies in the region also strengthened against the US dollar.
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19分前
Higher Open Called For Thai Stock Market
The Thai stock market has moved higher in three straight sessions, adding almost 25 points or 2 percent along the way. The Stock Exchange of Thailand now sits just above the 1,275-point plateau and it's tipped to open in the green again on Wednesday.
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1時30分前
Indonesia Bourse May End Losing Streak On Wednesday
The Indonesia stock market has moved lower in three straight sessions, sinking almost 260 points or 3.6 percent in that span. The Jakarta Composite Index now rests just beneath the 7,630-point plateau although it's due for support on Wednesday.
RTTNews
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2時0分前
Japanese Market Notably Higher
The Japanese stock market is trading notably higher on Wednesday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 43,650 level, with gains in technology stocks partially offset by weakness in automakers, exporters and financial stocks.
RTTNews
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2時4分前
Hang Seng May Extend Winning Streak
The Hong Kong stock market has moved higher in three straight sessions, climbing more than 975 points or 3.9 percent along the way. The Hang Seng Index now sits just beneath the 25,940-point plateau and it may see additional strength on Wednesday.
RTTNews
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2時15分前
Australian Market Slightly Higher
Australian shares are trading slightly higher on Wednesday after opening in the red, reversing some of the losses in the previous two sessions, with the benchmark S&P/ASX 200 staying just above the 8,800 level, following the broadly positive cues from Wall Street overnight, with gains in financial and technology stocks partially offset by weakness in mining and energy stocks.
RTTNews
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2時29分前
China Shares May Bounce Higher Again On Wednesday
The China stock market on Tuesday ended the two-day winning streak in which it had jumped more than 60 points or 1.6 percent. The Shanghai Composite Index now sits just above the 3,800-point plateau although it may find renewed support on Wednesday.
RTTNews
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2時30分前
Additional Support Anticipated For Taiwan Stock Market
The Taiwan stock market has tracked higher in five straight sessions, collecting more than 830 points or 3.3 percent along the way. The Taiwan Stock Exchange now sits just beneath the 24,850-point plateau and it may add to its winnings again on Wednesday.
RTTNews
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3時0分前
