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CAC 40 Subdued On China Concerns
(RTTNews) - French stocks were subdued on Wednesday as investors awaited Fed Chair Jerome Powell's remarks in front of Congress later in the day for clues on the monetary policy outlook.
Disappointment over a lack of additional stimulus in China also weighed on investor sentiment.
The benchmark CAC 40 was down 8 points, or 0.1 percent, at 7,286 after closing 0.3 percent lower on Tuesday.
China-related Hermes International fell more than 1 percent on concerns about an uneven economic recovery in China.
Banks traded higher as Eurozone government bond yields surged after the release of higher than expected U.K. inflation data.
BNP Paribas rose 1.4 percent, Credit Agricole gained 0.7 percent and Societe Generale climbed 1.2 percent.
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Asian Shares Mixed; Hang Seng Rises Over 2% On Earnings Optimism
Asian stocks turned in a mixed performance on Wednesday as investors digested softer-than-expected inflation data from the U.S. and awaited more clarity on ongoing trade talks.
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vor 16 Minuten
Indian Rupee Falls To 5-day Low Against U.S. Dollar
The Indian rupee weakened against the U.S. dollar in the Asian session on Wednesday.
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vor 37 Minuten
U.S. Dollar Extends Slide On Soft Inflation Data
The U.S. dollar extended its early weakness against other major currencies in the Asian session on Wednesday, as inflation slowed more than expected in April, raising hopes of further easing by the Federal Reserve.
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vor 2Std 12 Minuten
European Shares Likely To Drift Lower At Open
European stocks may open slightly lower on Wednesday after U.S. Treasury Secretary Scott Bessent downplayed the possibility of a quick agreement with the European Union, saying the bloc suffers from a "collective action problem" that's hampering trade negotiations.
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vor 3Std 24 Minuten
European Economic News Preview: German Final Inflation Data Due
Final inflation from Germany and Spain are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's final consumer prices for April. Consumer price inflation is seen easing to 2.1 percent from 2.2 percent in March. In the meantime, final consumer prices from Sweden and industrial production from Romania are due.
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vor 3Std 59 Minuten
U.S. Dollar Falls Against Majors
The U.S. dollar weakened against other major currencies in the Asian session on Wednesday.
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vor 4Std 5 Minuten
Sensex, Nifty Open Higher On Rate Cut Hopes
Indian shares were notably higher on Wednesday as signs of easing retail inflation sparked hopes for more rate cuts from the Reserve Bank of India in coming months.
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vor 4Std 23 Minuten
Australian Market Maintains Slight Losses In Mid-market
The Australian stock market is maintaining its slight losses in mid-market moves on Wednesday, snapping a five-session winning streak, with the benchmark S&P/ASX 200 staying well below the 8,300 level, following the mixed cues from Wall Street overnight, with a mixed performance across most sectors. Traders are also booking some profits following the recent upside in the markets.
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vor 5Std 16 Minuten
