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CAC 40 Extends Gains As China Cuts Rates To Boost Growth
(RTTNews) - French stocks rose on Tuesday to extend gains from the previous session on hopes that U.S. inflation data later in the day would likely show an easing in prices in May, and that the Federal Reserve would resist raising rates at the end of a two-day policy meeting on Wednesday.
The benchmark CAC 40 was up 36 points, or half a percent, at 7,286 after gaining half a percent the previous day.
China-exposed luxury giant LVMH and Hermes International both rallied around 1.3 percent after the People's Bank of China (PBOC) cut its seven-day reverse repo rate by 10 basis points in a bid to restore market confidence and prop up slowing economic growth.
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European Economic News Preview: UK Unemployment Data Due
Labor market statistics from the UK and economic sentiment from Germany are the top economic news due on Tuesday. At 2.00 am ET, the Office for National Statistics is scheduled to issue UK unemployment and wage data for the first quarter. The jobless rate is forecast to rise to 4.5 percent from 4.4 percent in the preceding period.
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Pred 22 minútami
Sensex, Nifty Open Lower On Profit Taking After Rally
Indian shares were seeing some profit booking on Tuesday after a strong rally in the previous session.
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Pred 1 h 24 min
Australian Market Trims Early Gains In Mid-market
The Australian stock market is trimming its early gains in mid-market trading on Tuesday, but extending the gains in the previous four sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,300 level, with gains across most sectors led by technology, iron ore miners and energy stocks. Gold stocks were the only weak spot.
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Pred 2 h 10 min
Asian Markets Track Wall Street Higher
Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, amid easing fears of a prolonged trade global war after news that the US and China have agreed to drastically reduce the massive tariffs on each other's goods by 115 percent while retaining an additional 10 percent tariff. Asian markets closed mostly higher on Monday.
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Pred 2 h 38 min
Sensex, Nifty To Open On Subdued Note After Strong Rally
Indian shares are seen opening on a subdued note Tuesday after rising sharply in the previous session.
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Pred 3 h 3 min
Additional Support Expected For Thai Stock Market
Ahead of Monday's holiday for Wesak Day, the Thai stock market had alternated between positive and negative finishes through the previous four trading days since the end of the five-day winning streak in which it had advanced more than 50 points or 4.3 percent. The Stock Exchange of Thailand now sits just above the 1,210-point plateau and it's got a strong lead for Tuesday's trade.
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Pred 4 h 5 min
Japanese Market Sharply Higher
The Japanese stock market is trading sharply higher on Tuesday, extending the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight, with the Nikkei 225 moving above the 38,300 level, with gains across all sectors led by strong gains in technology and financial stocks.
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Pred 4 h 9 min
Overbought Hang Seng Nonetheless Called Higher
The Hong Kong stock market has tracked higher in eight straight sessions, soaring almost 1,600 points or 7.1 percent along the way. The Hang Seng Index now sits just beneath the 23,550-point plateau and it's expected to at least open in positive territory on Tuesday.
RTTNews
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Pred 4 h 20 min
