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CAC 40 Climbs As Biden Says US Can Avert Recession
(RTTNews) - French stocks advanced on Friday amid optimism that China's economy is poised for a steady recovery from the COVID-19 impact.
Investors were also reacting to comments by U.S. President Joe Biden that a U.S. recession isn't inevitable and that the country was "in a stronger position than any nation in the world to overcome inflation."
The benchmark CAC 40 rose 49 points, or 0.8 percent, to 5,935 after declining 2.4 percent in the previous session.
EssilorLuxottica SA shares rose over 2 percent. The provider of ophthalmic lenses and frame said it will buy back up to 2.5 million shares in the period starting from June 17 to August 31, for a price not exceeding 200 euros per share.
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Canadian Market Drifts Lower In Cautious Trade
The Canadian market is down in negative territory Tuesday morning, as data showing an increase in the nation's consumer price inflation dimmed the extent of rate cuts this year although the Canadian central bank is widely expected to lower interest rate by 25 basis points on Wednesday.
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21 minut temu
U.S. Retail Sales Climb 0.6% In August, Much More Than Expected
The Commerce Department released a report on Tuesday showing retail sales in the U.S. rose by much more than expected in the month of August. The report said retail sales climbed by 0.6 percent in August, matching an upwardly revised increase in July. Economists had expected retail sales to inch up by 0.2 percent compared to the 0.5 percent growth originally reported for the previous month.
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1g 22 minut temu
U.S. Industrial Production Unexpectedly Inches Up 0.1% In August
Industrial production in the U.S. unexpectedly edged slightly higher in the month of August, according to a report released by the Federal Reserve on Tuesday.
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2g 48 minut temu
Eurozone Industrial Production Recovers In July
Eurozone industrial production recovered at a moderate pace in July due to the rebound in consumer and capital goods output despite tariff threats, official data showed Tuesday. Industrial production registered a monthly growth of 0.3 percent, in contrast to the 0.6 percent decrease in June, Eurostat reported. However, the rate was slightly weaker than the forecast of 0.4 percent.
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3g 15 minut temu
U.S. Import Prices Unexpectedly Rise 0.3% In August
A report released by the Labor Department on Tuesday showed import prices in the U.S. unexpectedly increased in the month of August.
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3g 30 minut temu
U.S. Retail Sales Climb Much More Than Expected In August
The Commerce Department released a report on Tuesday showing retail sales in the U.S. rose by much more than expected in the month of August.
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3g 33 minut temu
Bay Street Likely To Open On Mixed Note; Canadian Inflation Data In Focus
Canadian shares may open on a mixed note Tuesday morning, with the focus on upcoming interest rate decision from the Bank of Canada and the Federal Reserve. Materials stocks are likely to move up on higher metal prices.
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3g 45 minut temu
FTSE 100 Drifts Lower For 3rd Straight Session
U.K. stocks are exhibiting weakness on Tuesday, losing ground for a third straight session, as investors react to the nation's jobs data, and await the Bank of England's monetary policy announcement due later in the week.
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4g 17 minut temu
