CAC 40 Climbs On Budget Optimism

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CAC 40 Climbs On Budget Optimism

(RTTNews) - French stocks traded sharply higher on Friday after President Emmanuel Macron said he will appoint a new prime minister in the coming days and will get the 2025 budget adopted by parliament.

The benchmark CAC 40 was up 63 points, or 0.9 percent, at 7,393 after adding 0.4 percent to reach a three-week high in the previous session.

Meanwhile, France's foreign trade deficit decreased in October as exports grew amid a fall in imports, data from the customs office showed today.

The trade deficit dropped to EUR 7.67 billion in October from EUR 8.42 billion in the previous month. The expected shortfall was EUR 8.0 billion.

In the same month last year, the deficit was EUR 8.39 billion.

Exports posted a monthly increase of 0.9 percent in October, while imports showed a decline of 0.5 percent. Year-on-year, exports and imports fell 2.7 percent and 3.3 percent, respectively.

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NZ Dollar Slides As RBNZ Cuts Rate By 25 Bps

NZ Dollar Slides As RBNZ Cuts Rate By 25 Bps

The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday, after the Reserve Bank of New Zealand decided to cut its key interest rate by 25 basis points and signaled further easing.
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European Economic News Preview: UK Inflation Data Due

European Economic News Preview: UK Inflation Data Due

Consumer prices from the UK and the euro area due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics publishes UK consumer prices for July. Inflation is seen rising to 3.7 percent in July from 3.6 percent in the previous month.
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China Leaves Benchmark Interest Rate Unchanged

China Leaves Benchmark Interest Rate Unchanged

The People's Bank of China maintained its interest rates on Wednesday, as Beijing focus on fiscal policy easing and more targeted measures. The central bank left its one-year loan prime rate at 3.0 percent. Similarly, the five-year LPR, the benchmark for mortgage rates, was retained at 3.50 percent. The bank had reduced its both LPRs by quarter points in October 2024.
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Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Wednesday.
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NZ Dollar Slides Against Majors

NZ Dollar Slides Against Majors

The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday.
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