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CAC 40 Declines On Growth Worries
(RTTNews) - French stocks fell on Tuesday amid growth concerns after a survey showed business activity in the country grew at the slowest pace in four months in May.
The flash reading for the May composite PMI - which comprises both the services and manufacturing sectors - fell from 52.4 to 51.4 - marking the lowest level since a January reading of 49.0. Economists forecast a reading of 52.0 points.
U.S. debt ceiling worries and signs of increasing Sino-U.S. tensions also kept investors nervous.
The benchmark CAC 40 was down 0.8 percent at 7,416 after closing 0.2 percent lower the previous day.
Lender Societe Generale jumped 2.4 percent after the lender confirmed the launch of a global employee share ownership program.
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European Shares Extend Gains Before ECB Rate Decision
European shares traded higher on Thursday to hit a six-week high as investors digested a slew of earnings and awaited the European Central Bank's interest-rate decision later in the day.
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Asian Shares Follow Wall Street Higher On Trade Deal Optimism
Asian stocks advanced on Thursday as companies like Alphabet and SK Hynix posted encouraging earnings and media reports suggested that the EU and U.S. are closing in on a trade deal that would impose 15 percent tariffs on European imports.
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Antipodean Currencies Rise As Trade Optimism Prevails
The antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major counterparts in the European session on Thursday, after reports emerged that the U.S. and EU are edging closer to a trade deal.
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NZ Dollar Advances Against Most Majors
The New Zealand dollar strengthened against most major currencies in the European session on Thursday.
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Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the European session on Thursday.
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European Shares Seen Up As Trade Optimism Prevails
European stocks may open on a positive note Thursday after reports emerged that the U.S. and EU are edging closer to a trade deal.
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Sensex, Nifty Slip Into Red On India-US Trade Deal Uncertainty
Indian shares were slightly lower in early trade on Thursday despite firm cues from global markets.
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European Economic News Preview: ECB To Hold Key Interest Rates As Tariff Deadline Looms
The European Central Bank is set to adopt a wait-and-see approach on Thursday ahead of a looming tariff deadline. Markets expect the ECB to hold the deposit facility rate at 2.00 percent after cutting it by a quarter basis points each in every rate-setting session since September. The announcement is due at 8.15 am ET.
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