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CAC 40 Declines On Interest-rate Fears
(RTTNews) - French stocks traded lower on Friday as bond yields hit a 15-year high on fears that major central banks will keep interest rates higher for longer to tame inflation.
Worries surrounding the Chinese economy also rattled investors.
Concerns mounted about the country's property sector after Evergrande, which has been working on a debt restructuring strategy for several months, filed for bankruptcy in New York.
The benchmark CAC 40 was down 65 points, or 0.9 percent, at 7,126 after falling 0.9 percent the previous day.
China-related stocks were losing ground, with LVMH, Hermes International and Kering falling 1-2 percent.
Banks BNP Paribas, Credit Agricole and Societe Generale all fell around 1 percent.
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Australian Market Slightly Extends Early Losses In Mid-market
The Australian stock market is slightly extending its early losses in mid-market trading on Monday, reversing some of the gains in the previous session, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying near the 8,350.00 level, with weakness in mining, energy and financial stocks partially offset by gains in gold miners and technology stocks
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13 minutes ago
Asian Markets Track Global Markets Lower
Asian stock markets are trading mostly lower on Monday, following the broadly negative cues from Wall Street and Europe on Friday, on renewed trade and tariff concerns after US President Donald Trump threatened to impose 50 percent tariffs on imports from the European Union beginning June 1. However, Trump agreed to delay a sweeping 50 percent tariff on EU imports until July 9 over the weekend.
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41 minutes ago
Sensex, Nifty Seen Higher At Open As Trump Extends EU Tariff Deadline
Indian shares look set to open higher on Monday, tracking gains in U.S. index futures and mostly positive cues from Asian markets after U.S. President Donald Trump extended a deadline for EU trade deal until 9 July, following a call with European Commission president.
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1h 7min ago
Thai Bourse May Hand Back Friday's Gains
The Thai stock market on Friday snapped the tw0-day slide in which it had dropped more than 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,175-point plateau although it may head south again on Monday.
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1h 40min ago
Japanese Market Notably Higher
The Japanese stock market is trading notably higher on Monday, extending the gains in the previous session, despite the broadly negative cues from Wall Street on Friday, with the Nikkei 225 moving up to near the 37,400 level, with gains in index heavyweights, automakers and technology stocks.
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2h 8min ago
Win Streak May End For Indonesia Stock Market
The Indonesia stock market has moved higher in three straight sessions, gathering more than 120 points or 1.7 percent along the way. The Jakarta Composite Index now rests just above the 7,210-point plateau, although the rally may stall on Monday.
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2h 10min ago
Lower Open Called For Hong Kong Stock Market
The Hong Kong stock market bounced higher again on Friday, one day after snapping the two-day winning streak in which it had rallied almost 500 points or 2.2 percent. The Hang Seng Index now sits just above the 23,600-point plateau although it's tipped to open in the red on Monday.
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2h 25min ago
Australian Market Slightly Lower
The Australian stock market is slightly lower in choppy trading on Monday, reversing some of the gains in the previous session, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying near the 8,350.00 level, with a mixed performance across most sectors. Gold miners were the only bright spot
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2h 40min ago
