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CAC 40 Little Changed Ahead Of Fed Rate Decision
(RTTNews) - French stocks were little changed on Wednesday ahead of a slew of central bank meetings.
The U.S. Federal Reserve delivers its interest-rate decision later in the day, with many expecting a 75-bps move.
The Bank of England, the Swiss National Bank, the Bank of Japan, and the Norges Bank in Norway are also announcing their policy decisions this week.
The benchmark CAC 40 was marginally higher at 5,981 after declining 1.4 percent on Tuesday.
Schneider Electric dropped half a percent after it agreed to buy out minority shareholders in Aveva Group Plc.
Shares of Vallourec SA soared 7 percent. The provider of premium tubular solutions has signed a 10-year agreement with Saudi Aramco for the supply of Premium Casing and Services.
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Cautious Optimism Lifts DAX
The DAX benchmark that tracks the performance of the 40 largest companies listed on the Frankfurt Stock Exchange is trading in the green zone on Monday amidst a mood of cautious optimism.
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Nissan Stock Slips On Reports Of Talks With Foxconn To Collaborate On EV Production In Japan
Japanese automaker Nissan Motor Co Ltd. (NSANF.PK, NSANY.PK) is in talks with Taiwan's electronics major Foxconn to partner on the production of electric vehicles or EVs in Japan, Nikkei reported. The potential joint venture collaboration is expected to save Nissan's Oppama plant from the risk of closure. Following the news, Nissan Motor shares closed Monday's trading in Tokyo down 5%.
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Germany's industrial production rebounded in May driven by robust demand for automobile and pharmaceutical products, official data revealed on Monday. Data released by Destatis showed that industrial production grew 1.2 percent in May from a month ago, confounding expectations for a decline of 0.6 percent. Output in April was revised down to show a 1.6 percent fall compared to the 1.4 percent d
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Commodity Currencies Slide Amid Risk-off Mood
The commodity-linked currencies such as the Australia, the New Zealand and the Canadian dollars weakened against other major currencies in the Asian session on Monday, as Asian stock markets traded lower amid ongoing concerns about U.S. tariffs after U.S. President Donald Trump announced that his government will send letters to around 170 trading partners outlining new, simple unilateral tariffs that will take effect on August 1.
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Weak Sentiment In Asian Markets
Trade tariff related jitters swayed sentiment in Asian markets on Monday.
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Canadian Dollar Drops Against Most Majors
The Canadian dollar weakened against most major currencies in the Asian session on Monday.
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2h 3min ago
NZ Dollar Slides Against Majors
The New Zealand dollar weakened against other major currencies in the Asian session on Monday.
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2h 9min ago
