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DAX Gains With Focus On Fed Meeting
(RTTNews) - German stocks were modestly higher on Friday, heading into next week's FOMC meeting, where a 25-bps interest-rate cut is expected.
The euro edge higher after ECB policymakers signaled no further rate cuts in the immediate future.
ECB official Joachim Nagel stated that inflation in the euro zone is going in the right direction and the inflation target is likely to be reached at the end of next year.
The benchmark DAX was up 72 points, or 0.4 percent, at 18,590 after rallying 1 percent in the previous session.
Commerzbank shares rallied 2.2 percent. The head of Germany's central bank said that authorities would take a "very close look" at UniCredit's overtures to potentially buy the German bank.
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FTSE 100 Up Slightly; BoE Leaves Rate Unchanged
U.K. stocks are moving in a tight range on Thursday, with investors digesting the Federal Reserve's 25-basis points interest rate cut on Wednesday, and the Bank of England's decision a little while ago to hold its interest rate unchanged.
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vor 28 Minuten
CAC 40 Rises 1.1% As Stocks Rally On Fed Interest Rate Cut
French stocks are firmly settled in positive territory on Thursday, as the Federal Reserve's 25-basis point interest rate cut and signaling of more easing this year, lifted investor sentiment.
Investors are now awaiting the Bank of England's monetary policy announcement, and the European Central Bank President Christine Lagarde's speech.
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vor 1Std 2 Minuten
DAX Rises Sharply As Investors Cheer Fed Rate Cut Move
German stocks are up firmly in positive territory on Thursday with investors cheering the Federal Reserve's decision to lower interest rate by 25 basis points, and the hint that two more cuts are likely by the end of the year.
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vor 1Std 19 Minuten
Sensex, Nifty Extend Gains For Third Day
Indian shares rose for a third consecutive session on Thursday as optimism prevailed over ongoing U.S.-India trade talks and the U.S. Federal Reserve delivered its first rate cut this year, citing recent sluggishness in the labor market.
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vor 1Std 20 Minuten
Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Thursday.
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vor 1Std 27 Minuten
NZ Dollar Falls As Weak GDP Spurs RBNZ Rate Cut
The New Zealand dollar weakened against other major currencies in the European session on Thursday, as traders speculate more interest rate cuts by the Reserve Bank of New Zealand (RBNZ) in the wake of the weaker-than-expected GDP data for the second quarter.
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vor 2Std 14 Minuten
Norway Cuts Interest Rate By 25 Bps
Norway's central bank reduced its interest rate for the second time this year and signaled further reduction in the course of the coming year but not as quickly as envisaged before summer. The Monetary Policy and Financial Stability Committee of Norges Bank cut the policy rate by 25 basis points to 4.0 percent.
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vor 2Std 22 Minuten
European Shares Rally As Fed Cuts Rates, Signals More Easing In 2025
European stocks opened on a buoyant note Thursday after the U.S. Federal Reserve cut interest rates for the first time since December and indicated more cuts would follow amid mounting signs of labor market weakness.
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vor 2Std 54 Minuten
