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CAC 40 Struggles For Direction Ahead Of Key Data
(RTTNews) - French stocks were seeing modest gains on Monday as investors looked ahead to the release of U.S. European and Chinese PMIs, euro-zone inflation data and U.S. personal consumption numbers this week for additional clues on the growth and rate outlook.
The benchmark CAC 40 was marginally higher at 7,298 after declining 0.2 percent on Friday.
Valneva jumped more than 4 percent. The drug maker said the European Medicines Agency has accepted its application for chikungunya vaccine candidate VLA1553.
Likewise, Sanofi rose 1.3 percent after announcing positive results of Dupixent (dupilumab) Phase 3 trial in chronic obstructive pulmonary disease or COPD.
Among the prominent decliners, airports management firm ADP SA tumbled 3 percent.
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Korea Interest Rate Decision Due On Thursday
The Bank of Korea will wrap up its monetary policy meeting this morning and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The BoK is expected to keep its benchmark lending rate unchanged at 2.50 percent.
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Swiss Franc Advances Against Majors
The Swiss franc climbed against its major counterparts in the New York session on Wednesday.
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European Stocks Close On Mixed Note
European stocks turned in a mixed performance on Wednesday as investors largely stayed cautious, looking ahead to chipmaker Nvidia's quarterly earnings announcement, and continuing to assess the political situation in France.
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5h 24min ago
Euro Falls Amid Political Uncertainty
The euro weakened against other major currencies in the European session on Wednesday, as trader's concern about the collapse of France's government.
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9h 40min ago
Bay Street Likely To Open On Positive Note
Canadian shares are likely to open on a positive note on Wednesday, riding on strong earnings from Royal Bank of Canada and National Bank of Canada. Weak commodity prices and concerns on the geopolitical and tariffs front may weigh limit market's upside.
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10h 6min ago
European Stocks Turning In Mixed Performance
European stocks are turning in a mixed performance on Wednesday as political uncertainty in France, and a lack of any significant positive triggers render the mood cautious. Investors are also awaiting earnings updates from AI major NVIDIA.
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10h 32min ago
FTSE 100 Flat In Lackluster Trade; Bank Stocks Drifting Lower
U.K. stocks are somewhat subdued in lackluster trade on Wednesday as investors remain a bit reluctant to make significant moves due to a lack of triggers.
The benchmark FTSE 100 was at 9,266.25 a little before noon, up 0.45 points over previous close.
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11h 22min ago
CAC 40 Advances After Recent Losses
Despite the uncertainty on the political front, the French market is up in positive territory on Wednesday due largely to some bargain hunting at several counters after two successive days of declines. Investors are also looking ahead to AI giant Nvidia's earnings updates.
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11h 37min ago
