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CAC 40 Rallies As Inflation Worries Ebb
(RTTNews) - French stocks rallied on Thursday to extend gains from the previous session after data showed Spanish inflation cooled to a twenty-month low in March on lower energy prices.
Inflation data from Germany and the latest figures for eurozone consumer, industrial and economic confidence are awaited.
The benchmark CAC 40 was up 76 points, or 1.1 percent, at 7,263 after rising 1.4 percent the previous day.
Among the top gainers, AXA, Alstom, BNP Paribas, Credit Agricole, Essilor Luxottica, Renault, Societe Generale and Veolia jumped 2-3 percent. The dollar and euro steadied as concerns over the banking sector receded and investors believed the U.S. rate hiking cycle is nearing an end.
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China Stock Market Has Solid Lead For Thursday's Trade
The China stock market has tracked higher in three straight sessions, gathering almost 75 points or 2.2 percent along the way. The Shanghai Composite Index now sits just above the 3,630-point plateau and it's likely to open higher again on Thursday.
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21 minutes ago
Rebound Anticipated For Taiwan Stock Market
The Taiwan stock market headed south again on Wednesday, one day after ending the two-day losing streak in which it had slipped more than 270 points or 1.2 percent. The Taiwan Stock Exchange now sits just beneath the 23,450-point plateau although it's likely to bounce higher again on Thursday.
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51 minutes ago
Higher Open Called For Singapore Stock Market
The Singapore stock market has climbed higher in three straight sessions, gathering more than 70 points or 1.7 percent along the way. The Straits Times Index now sits just above the 4,225-point plateau and it may see additional support again on Thursday.
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1h 21min ago
South Korea Has $14.27 Billion Current Account Surplus
South Korea had a current account surplus of $14.27 billion in June, the Bank of Korea said on Thursday - up from $10.14 billion in May.
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1h 43min ago
Malaysia Shares Tipped To Open To The Upside
The Malaysia stock market has moved higher in two straight sessions, collecting almost 15 points or 1 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,540-point plateau and it's got another green light for Thursday's trade.
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1h 51min ago
Japan Stock Market May Crack Resistance At 41,000 Points
The Japan stock market has moved higher in back-to-back sessions, advancing more than 500 points or 1.2 percent along the way. The Nikkei 225 now sits just shy of the 40,800-point plateau and it's tipped to open in the green again on Thursday.
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2h 6min ago
Win Streak May Continue For South Korea Shares
The South Korea stock market has moved higher in three straight sessions, advancing almost 80 points or 2.7 percent along the way. The KOSPI now sits just shy of the 3,200-point plateau and it may add to its winnings again on Thursday.
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2h 21min ago
China Trade Data On Tap For Thursday
China will on Thursday release July figures for imports, exports and trade balance, highlighting a busy day for Asia-Pacific economic activity.
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3h 21min ago
