CAC 40 Rallies As LVMH Delivers Solid Results
(RTTNews) - French stocks traded sharply higher on Wednesday, after having fallen heavily on Tuesday on concerns about rising tensions between Iran and Israel, and U.S. rate cut uncertainty.
The benchmark CAC 40 was up 96 points, or 1.2 percent, at 8,028 after falling around 1.4 percent in the previous session.
The euro held steady above 1.0600 against the dollar after posting small losses on Tuesday.
Sanofi was little changed despite reporting positive data from Phase 2 study of frexalimab in participants with relapsing multiple sclerosis (MS) at 48-weeks.
LVMH jumped more than 4 percent. The world's largest luxury group slightly missed Q1 revenue estimates but sounded optimistic about the industry's outlook, especially in China.
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European Economic News Preview: Eurozone Foreign Trade Data Due
Foreign trade and current account reports from the euro area are the top economic news due on Tuesday. At 2.00 am ET, Destatis is scheduled to issue Germany's producer prices data for April. Economists forecast producer prices to fall 3.2 percent on a yearly basis, following a 2.9 percent decrease in March.
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Pred 4 h 10 min
European Shares Seen Lower At Open On Hawkish Fed Comments
European stocks may open a tad lower on Tuesday as interest-rate concerns persist and the sudden death of Iranian President Ebrahim Raisi in a helicopter crash fueled uncertainty about oil supplies.
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Pred 4 h 32 min
Sensex, Nifty Marginally Lower In Early Trade
Indian shares traded slightly lower on Tuesday amid elevated geopolitical tensions and lingering uncertainty over the timing and pace of Fed rate cuts.
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Pred 5 h 51 min
Asian Markets Trade Mostly Lower
Asian stock markets are mostly lower on Tuesday, following the mixed cues from Wall Street overnight, amid lingering uncertainty about the outlook for interest rates, with some US Fed officials warning the central bank may still need to raise rates if inflation persists. Traders also seemed reluctant to make more significant bets ahead of the release of the minutes of the latest Fed meeting.
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Pred 6 h 41 min
Japanese Market Slightly Higher
Adding the gains in the previous session, the Japanese stock market is slightly higher on Tuesday, with the Nikkei 225 moving above the 39,100 level, following the mixed cues from Wall Street overnight, with gains in some Index heavyweights and technology stocks.
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Pred 7 h 36 min
Sensex, Nifty Seen Higher At Open
Indian shares are seen opening flat to higher on Tuesday despite mixed global cues, elevated geopolitical tensions and lingering uncertainty over the timing and pace of Fed rate cuts.
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Pred 7 h 38 min
Thai Stock Market Called Higher On Tuesday
The Thai stock market on Monday ended the two-day winning streak in which it had picked up more than a dozen points or 0.9 percent. The Stock Exchange of Thailand now sits just beneath the 1,380-point plateau although it's expected to open to the upside on Tuesday.
The global forecast for the Asian markets is cautiously optimistic, with strength likely from the technology shares. The European markets were up and the U.S. bourses were mixed and the Asian markets are tipped to open to the upside.
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Pred 8 h 1 min
RBA Minutes: Inflation Slowing Less Than Expected
Members of the Reserve Bank of Australia's Monetary Policy Board said that the country's economy was slowing and that inflation was declining less than expected, minutes from the central bank's May 7 meeting revealed on Tuesday.
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Pred 8 h 10 min
