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CAC 40 Holds Steady As Investors Await US GDP Data
(RTTNews) - French stocks struggled for direction in early trade on Wednesday as growth worries offset expectations of slower interest-rate hikes from the Federal Reserve.
The focus is now on the fourth-quarter U.S. GDP data due Thursday, which could set the tone for the Fed's Jan. 31-Feb. 1 policy meeting.
The benchmark CAC 40 was marginally higher at 7,055 after rising 0.3 percent in the previous session. The U.S. dollar was pinned around its lowest level in nine months against peers.
Alstom SA was moving lower. The rolling stock maker reported that its sales for the third quarter 2022/23 rose to 4.22 billion euros from 3.92 billion euros in third quarter 2021/22.
The company confirmed full year outlook and mid-term 2024/25 objectives.
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U.S. Homebuilder Confidence Unexpectedly Edges Higher In November
Homebuilder confidence in the U.S. has unexpectedly seen a modest improvement in the month of November, according to a report released by the National Association of Home Builders on Tuesday. The report said the NAHB/Wells Fargo Housing Market Index crept up to 38 in November after jumping to 37 in October.
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Pred 2 h 17 min
Bay Street May Open On Weak Note
Canadian stocks are likely to open lower Tuesday morning, tracking weak global cues amid concerns about AI bubble and uncertainty surrounding the Federal Reserve's interest rate moves in coming months.
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Pred 5 h 39 min
FTSE 100 Down 1.25%; Bank, Miners Among Major Losers
The U.K. stock market's benchmark FTSE 100 is down sharply in negative territory on Tuesday, extending losses to a fourth straight session, with several counters across various sectors seeing a sell-off amid concerns about the outlook for global economy.
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Pred 6 h 42 min
CAC 40 Extends Recent Losses As Stocks Tumble On Economic Worries
French stocks are down sharply in negative territory on Tuesday, extending recent losses, amid lingering worries about high tech valuations, and continued uncertainty about interest rate moves of the Federal Reserve.
The mood is extremely cautious with investors awaiting AI major Nvidia's updates due on Wednesday, and some crucial U.S. economic data for directional clues.
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Pred 7 h 10 min
DAX Down More Than 1% Despite Paring Some Early Losses
German stock market's benchmark index DAX is sliding for a fourth straight session, falling more than 1% on Tuesday, amid rising concerns about high valuations of Artificial Intelligence-related stocks, and uncertainty surrounding the upcoming policy moves of the Federal Reserve due to a lack of some crucial macro economic data.
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Pred 7 h 24 min
Indian Shares End Lower On Weak Global Cues
Indian shares closed lower on Tuesday, mirroring weak cues from global markets as investors braced for the delayed September U.S. jobs data and earnings from Nvidia.
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Pred 8 h 9 min
European Shares Extend Losses On Economic Worries
European stocks hovered near one-week lows on Tuesday amid dwindling Fed rate-cut bets and uncertainty over the U.S. economic outlook.
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Pred 9 h 29 min
Swiss Franc Rises Amid U.S.-Swiss Tariff Deal
The Swiss franc strengthened against other major currencies in the Asian session on Tuesday, after Switzerland negotiated a tariff agreement with the United States.
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Pred 9 h 53 min
