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CAC 40 Recovers From Slide To Trade Flat
(RTTNews) - French stocks recovered from an early slide to trade on a flat note Wednesday, as U.S. stock futures traded marginally higher a day after the steepest fall on Wall Street in two years.
The benchmark CAC 40 was marginally higher at 6,246 after closing 1.4 percent lower on Tuesday.
A cautious undertone prevailed as hotter-than-expected U.S. inflation data boosted bets that the Federal Reserve will stay aggressive in raising rates.
The increase in CPI now paves the way for the U.S. Federal Reserve to raise rates by 75-100 basis points in its next monetary policy meeting scheduled for next Wednesday.
Nomura analysts have called for a full percentage hike in short-term interest rates, citing the emergence of upside inflation risks.
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China Inflation Turns Positive; PPI Continues To Fall
China's consumer prices rose for the first time in five months in June but it remained weak and producer prices marked its 33rd straight month of decline, adding pressure on policymakers to introduce more measures to support economy. The consumer price index logged an unexpected annual growth of 0.1 percent in June, offsetting a fall of 0.1 percent in May, the National Bureau of Statistics said
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33 minutes ago
NZ Dollar Retreats Against Majors
The New Zealand dollar retreated from recent highs against other major currencies in the Asian session on Wednesday.
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1h 16min ago
New Zealand Holds Key Rate As Expected
The Reserve Bank of New Zealand left its benchmark interest rate unchanged on Wednesday citing elevated level of uncertainty and near-term risks to inflation. The Monetary Policy Committee, governed by Christian Hawkesby, decided to hold the Official Cash Rate at 3.25 percent. The bank has paused the easing cycle for the first time since it started cutting rates in August 2024.
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2h 53min ago
European Shares Poised For Positive Start Despite Tariff Worries
European stocks are seen opening on a positive note Wednesday after U.S. President Donald Trump hinted at progress in U.S.-EU trade talks.
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3h 4min ago
Sensex, Nifty Tad Lower Dragged By IT Stocks
Indian shares opened a tad lower on Wednesday after U.S. President Donald Trump offered no exceptions to his Aug. 1 tariff start date and announced a 50 percent tariff on copper imports, expanding trade measures already in place for steel and aluminum.
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4h 9min ago
Australian Market More Than Halves Early Losses In Mid-market
The Australian stock market is halving its early losses in mid-market moves on Wednesday, reversing the slight gains in the previous session, with the benchmark S&P/ASX 200 staying below the 8,600 level, following the mixed cues from Wall Street overnight, with weakness in financial and technology stocks partially offset by gains in mining and energy stocks.
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5h 7min ago
Asian Markets Mixed Amid Tariff Worries
Asian stock markets are trading mixed on Wednesday, following the mixed cues from Wall Street overnight, as traders are reluctant to make significant moves amid the lingering uncertainty about US trade policy after US President Donald Trump delayed the reciprocal tariff deadline until August 1. Asian markets closed mostly higher on Tuesday.
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5h 32min ago
Sensex, Nifty Seen Lower As Investors Fret About Trump's Tariff Policy
Indian shares look set to open on a sluggish note Wednesday, tracking mixed cues from global markets after U.S. President Donald Trump offered no exceptions to his Aug. 1 tariff start date.
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6h 7min ago
