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CAC 40 Slips Into Red In Lackluster Trade
(RTTNews) - French stocks fell on Monday as a stronger-than-anticipated U.S. jobs report released on Friday revived worries about the pace of U.S. rate hikes.
Meanwhile, latest PMI data released by S&P Global showed little change to the initial estimates that showed business activity across France's service sector fell in November, marking the first contraction since March 2021.
The composite PMI came in at 48.7 versus 48.8 preliminary. The final services PMI dropped to 49.3 versus the flash estimate of 49.4.
The benchmark CAC 40 was down 12 points, or 0.2 percent, at 6,730, recouping some early losses.
The euro hit a fresh six-month high against the dollar on concerns about a widening policy gap between the U.S. and Europe.
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NZ Dollar Slides Against Most Majors
The New Zealand dollar weakened against most major currencies in the Asian session on Tuesday.
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17 minit yang lalu
Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Tuesday.
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22 minit yang lalu
Singapore Retains Monetary Policy As Expected
Singapore's central bank maintained its monetary policy on Tuesday as economic growth turned out to be stronger than expected, easing concerns about the impact of higher US tariffs. The Monetary Authority of Singapore said it will maintain the prevailing rate of appreciation of the S$NEER policy band and there will be no change to its width and the level at which it is centered.
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53 minit yang lalu
European Shares Seen Lower As US-China Trade Tensions Simmer
European stocks are seen opening a tad lower on Tuesday as investors ponder the status of trade talks between the two biggest economies and look ahead to key earnings releases from major U.S. banks for directional cues.
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1j 29min yang lalu
European Economic News Preview: UK Unemployment Data Due
Unemployment from the UK and economic sentiment from Germany are the top economic news due on Tuesday. At 2.00 am ET, the Office for National Statistics releases UK unemployment data. The jobless rate is seen unchanged at 4.7 percent in the three months to August.
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2j 18min yang lalu
Sensex, Nifty Struggle For Direction; IT Stocks Lead Gains
Indian shares struggled for direction on Tuesday, tracking mostly weak cues from other Asian markets.
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2j 42min yang lalu
Australian Market Modestly Higher In Mid-market
The Australian stock market is back in the green in mid-market trading on Tuesday, after alternating across the unchanged line, reversing the losses in the previous two sessions, following the positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving near the 8,900 level, with gains in mining and energy stocks partially offset by weakness in financial and technology stocks.
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3j 35min yang lalu
Asian Markets Track Wall Street Higher
Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, on renewed optimism over U.S.-China trade talks and optimism about further interest rate cuts amid the ongoing U.S. government shutdown along with the intensifying Russia-Ukraine war. Asian markets closed mostly lower on Monday.
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3j 50min yang lalu
