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CAC 40 Edges Higher As Investors Shrug Off Hawkish Fed Minutes
(RTTNews) - French stocks were slightly higher on Wednesday despite the latest FOMC minutes offering no indication of possible rate cuts.
Hamas and Israel have agreed to a Qatar-mediated pause in fighting, helping ease Middle East tensions.
The deal includes the release of 150 Palestinian prisoners held in Israeli jails in exchange for 50 people held captive by Hamas in Gaza since the armed group that rules the enclave stormed southern Israel on October 7.
The benchmark CAC 40 was up 31 points, or 0.4 percent, at 7,260 after declining 0.2 percent in the previous session.
Retail company Casino Group fell 1.3 percent after warning of likely 2023 losses for its core French business.
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Swiss Market Ends On Buoyant Note
Swiss stocks closed on a buoyant note on Wednesday, tracking positive cues from markets across Europe and elsewhere, as optimism about the European Union and the U.S. striking a trade deal rose after U.S. President Donald Trump announced deals with Japan and Philippines.
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1h 16min ago
European Stocks Close On Strong Note On Trade Deal Optimism
European stocks closed on a strong note on Wednesday as prospects of a trade deal between the U.S. and EU increased after U.S. President Donald Trump announced trade deals with Japan and the Philippines.
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1h 31min ago
Canadian Market Up On Trade Deal Hopes
The Canadian market hit a fresh record high Wednesday morning, and amid selective buying, remains in positive territory around noon, thanks to rising optimism about several nations striking trade deals with the U.S. before the August 1 deadline.
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2h 54min ago
U.S. Existing Home Sales Slump To Nine-Month Low In June
A report released by the National Association of Realtors on Wednesday showed existing home sales in the U.S. pulled back by more than expected in the month of June. NAR said existing home sales slumped by 2.7 percent to an annual rate of 3.93 million in June after jumping by 1.0 percent to a revised rate of 4.04 million in May.
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4h 43min ago
Positive Start Seen For Canadian Stocks
Bay Street looks headed for a firm start Wednesday morning, tracking positive global cues amid rising prospects of several nations striking trade deals with the U.S. before the August 1 deadline.
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7h 16min ago
AT&T Q2 Results Beat Street; Now Sees FY25 Earnings Inline Or Below Market; Stock Down
Telecom giant AT&T, Inc. on Wednesday reported higher second-quarter profit and revenues, both above market estimates. Further, the firm maintained its fiscal 2025 adjusted earnings outlook, in line or below market. In the pre-market activity on the NYSE, AT&T shares were losing around 3.7 percent.
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7h 29min ago
FTSE 100 Moderately Higher; Informa Rises Sharply On Strong Guidance
The U.K. stock market is gaining some ground in positive territory on Wednesday, reflecting the fairly bullish mood across Europe, amid prospects of an EU-US trade deal.
Hopes about the European Union and the U.S. striking trade deals have increased after U.S. President Donald Trump announced trade deals with Japan and Philippines.
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8h 30min ago
CAC Rises 1.3% On U.S-EU Trade Deal Optimism
French stocks are up firmly in positive territory on Wednesday, recovering well from recent losses. U.S. President Donald Trump's announcement about trade deals with Japan and Philippines has raised hopes the European Union will soon strike a deal with the U.S. ahead of the August 1 deadline.
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8h 43min ago
