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CAC 40 Edges Higher As Focus Shifts To US Bank Earnings
(RTTNews) - French stocks advanced on Friday as investors monitored the outlook for inflation and monetary policy.
The dollar edged lower in European trade as soft inflation data boosted expectations of a slower rate-hiking path from the Federal Reserve.
China's exports and imports both plunged last month, official data showed earlier today but the declines were less than expected.
The British economy unexpectedly grew in November, helped by a boost from the World Cup, separate data showed.
German GDP data and earnings from earnings from big U.S. banks may sway sentiment as the day progresses.
The benchmark CAC 40 was up 35 points, or half a percent, at 7,011 after closing 0.7 percent higher on Thursday.
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CAC 40 Slips Amidst Fiscal Concerns
A renewed focus on the fiscal situation in France dampened sentiment for the CAC 40 benchmark that tracks the 40 largest French stocks based on the Euronext Paris.
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36 मिनटों पहले
DAX Dips As Inflation Spike Hurts Sentiment
The DAX benchmark that tracks the performance of the 40 largest companies listed on the Frankfurt Stock Exchange is trading deep in the red amidst a higher-than-expected level of inflation reading from Euro Area.
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Sensex, Nifty Give Up Early Gains To End Lower
Indian shares gave up early gains to end lower on Tuesday ahead of the upcoming two-day Goods and Services Tax (GST) Council meeting later this week.
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Pound Slides After UK Starmer's Reshuffle
The British pound weakened against other major currencies in the European session on Tuesday, amid rising concerns about the UK government's ability to maintain fiscal discipline.
In order to meet her fiscal goals, Chancellor Rachel Reeves is anticipated to increase taxes in her autumn budget, which could likely weigh on economy.
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Eurozone Inflation Rises Slightly To 2.1%
Eurozone inflation rose marginally in August but the rate remained near to the European Central Bank's 2 percent target, official data revealed on Tuesday. The harmonized index of consumer prices rose 2.1 percent year-on-year in August, slightly faster than the 2.0 percent increase in July, flash data from Eurostat showed.
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European Shares Slide As Inflation Accelerates
European stocks traded lower on Tuesday after Eurostat data showed Eurozone inflation rose to 2.1 percent last month, climbing above the European Central Bank's 2 percent target for the first time since April driven by higher prices for food, alcohol and tobacco.
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Pound Slides Against Majors
The British pound weakened against other major currencies in the European session on Tuesday.
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3घंटे 31 मिनट पहले
FTSE Edges Lower As Yields Jump On Debt Concerns
U.K. stocks traded lower on Tuesday as the 30-year gilt yield hit a 27-year high at 5.680 percent in early trading on rising debt concerns, in a pre-budget blow for chancellor Rachel Reeves.
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