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CAC 40 Drifts Lower As Powell Dashes Rate-cut Hopes
(RTTNews) - French stocks traded lower on Friday after Federal Reserve Chair Jerome Powell signalled a cautious approach on rate cuts, given persistent inflationary pressures.
Powell said the U.S. central bank does not need to rush to lower interest rates and can approach decisions carefully.
The benchmark CAC 40 was down 30 points, or 0.4 percent, at 7,281 after climbing 1.3 percent on Thursday.
Energy company TotalEnergies was marginally higher after it joined forces with BP, Equinor and Shell to invest in support of the UN Sustainable Development Goal 7 (UN SDG7).
Drug maker Sanofi tumbled 3.4 percent after U.S. President-elect Donald Trump tapped anti-vaccine activist and conspiracy theorist Robert F. Kennedy as his secretary of health.
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NZ Dollar Falls Against Majors
The New Zealand dollar weakened against other major currencies in the Asian session on Friday.
RTTNews
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Pred 26 minútami
European Shares Seen Tad Higher As World Braces For Alaska Talks
European stocks are seen opening higher on Friday after the S&P 500 index closed at a new record high for the third consecutive day overnight despite concerns about slowing consumer spending.
RTTNews
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Pred 1 h 35 min
Australian Market Extends Early Gains In Mid-market
The Australian stock market is extending its early gains in mid-market moves on Friday, adding the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,900 level, with gains across most sectors led by energy and technology stocks.
RTTNews
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Pred 3 h 48 min
Asian Markets Trade Mixed
Asian stock markets are trading mixed on Friday, following the mixed cues from Wall Street overnight, as hotter-than expected US producer price inflation data and a resilient US labor market softened expectations of a higher interest rate cut by the US Fed in September. Traders also remain cautious ahead of the crucial U.S.-Russia talks to end the ongoing three-plus-year Russia-Ukraine war.
RTTNews
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Pred 4 h 23 min
Indian Markets Closed For Independence Day
Indian markets remain closed today as the nation marks its 78th Independence Day.
RTTNews
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Pred 4 h 40 min
Lower Open Predicted For Thai Stock Market
The Thai stock market has finished lower in two of three trading days since the end of the four-day winning streak in which it had surged almost 50 points or 4.1 percent. The Stock Exchange of Thailand now sits just above the 1,265-point plateau and it figures to remain rangebound again on Friday.
RTTNews
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Pred 5 h 11 min
Japanese Market Notably Higher
Reversing the losses in the previous session, the Japanese market is notably higher on Friday, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,800 level, with gains in index heavyweights and financial stocks as well as a mixed performance in all other sectors.
RTTNews
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Pred 5 h 26 min
Indonesia Bourse Due For Consolidation On Friday
The Indonesia stock market has tracked higher in five straight sessions, improving more than 440 points or 5.8 percent along the way. The Jakarta Composite Index now sits just above the 7,930-point plateau although investors figure to lock in gains on Friday.
RTTNews
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Pred 5 h 41 min
