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CAC 40 Rallies As Inflation Worries Ease
(RTTNews) - French stocks rallied on Friday as investors pared back their inflation expectations.
As commodities extend declines on worries of a possible recession, investors are pinning hopes that inflation will start easing.
The benchmark CAC 40 jumped 76 points, or 1.3 percent, to 5,959 after losing 0.6 percent in the previous session.
Banks traded mixed, with Credit Agricole rising nearly 2 percent.
Automaker Renault fell over 1 percent as concerns over a global economic slowdown intensified.
Sanofi shares jumped 2.1 percent. The French drug major and GSK announced positive data from their vaccine trial which evaluated an adjuvanted bivalent D614 and Beta (B.1.351) vaccine candidate.
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CAC 40 Advances On Easing Trade Tensions
French stocks are up in positive territory on Friday, extending gains from the previous session, amid easing fears of a trade war.
Following announcements of U.S.-UK pact, and U.S.-China deal, reports about a positive progress in the EU bloc's discussions with the U.S. for considerable tariff reductions have bolstered investor sentiment.
RTTNews
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15 минут назад
DAX Up 0.8%, Looks Set To End Week On Strong Note
German stocks are up firmly in positive territory on Friday, amid easing trade tensions following the U.S.-China deal earlier in the week, and recent reports about a positive progress in the EU bloc's discussions with the U.S. for tariff reductions.
RTTNews
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34 минут назад
Antipodean Currencies Recovers Amid U.S.-China Trade Deal Optimism
The Antipodean currencies such as the Australia and the New Zealand recovered from recent lows against their major currencies in the Asian session on Friday, amid improved global trade optimism.
RTTNews
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43 минут назад
European Shares Edge Higher In Cautious Trade
European stocks traded higher on Friday as a slew of weak U.S. economic data suggested the Federal Reserve may have more leeway to cut interest rates later this year.
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1ч 24мин назад
Yen Rises Amid Risk-off Mood, BoJ Rate Hike Bets
The Japanese yen strengthened against other major currencies in the Asian session on Friday amid risk-off mood, as traders digested the latest settlements on the trade tariff front and remained caution as they awaited more clarity on the developments in trade negotiations with other trade partners.
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1ч 48мин назад
Asian Shares Mostly Lower As Investors Look For Clarity On Tariff Impact
Asian stocks ended mostly lower on Friday as Japanese GDP data disappointed and investors awaited clarity on how the global economy would be impacted by U.S. tariffs on its trading partners.
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1ч 52мин назад
NZ Dollar Rebounds Against Majors
The New Zealand dollar rebounded from recent lows against other major currencies in the Asian session on Friday.
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3ч 7мин назад
Malaysia GDP Growth Softens As Estimated
Malaysia's economic growth slowed to the weakest in a year in the first quarter, as estimated, and the economy is projected to log weaker growth this year than the official estimate due to trade tensions. Gross domestic product advanced 4.4 percent on a yearly basis in the first quarter, slower than the revised 4.9 percent growth posted in the fourth quarter, data from the Bank Negara Malaysia re
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3ч 20мин назад
