CAC 40 Edges Higher On Easing Banking Fears

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CAC 40 Edges Higher On Easing Banking Fears

(RTTNews) - French stocks traded higher Tuesday on easing concerns over the banking system.

Investors shrugged off survey results from the statistical office Insee showing that French manufacturers' confidence slightly worsened in March for the first time in four months.

The manufacturing confidence index dropped to 104 in March from 105 in the previous month as the balance of opinion regarding the change in past and future output decreased. The expected score was 103.

The benchmark CAC 40 was up 29 points, or 0.4 percent, at 7,107 after rising 0.9 percent the previous day.

Banks BNP Paribas, Credit Agricole and Societe Generale rose between half a percent and 1.1 percent after UBS CEO Ralph Hamers reportedly said the Swiss lender views its government-orchestrated takeover of Credit Suisse Group as a growth opportunity.

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German Inflation Steady At 2.3% In November

German Inflation Steady At 2.3% In November

Germany's consumer price inflation was stable in November and the core figure eased, but the EU measure of price growth accelerated more than expected to its highest level in nine months, preliminary data from the statistical office Destatis showed on Friday.
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India Economic Growth Climbs To 8.2%, Strongest Since Early 2024

India Economic Growth Climbs To 8.2%, Strongest Since Early 2024

The Indian economy grew at the fastest pace in six quarters during the three months to September, defying expectations for a modest slowdown, amid strong outcomes in manufacturing, construction and services as well as due to further strengthening of private consumption.
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Swiss Market Ends Flat

Swiss Market Ends Flat

The Switzerland market's benchmark SMI ended roughly flat on Friday after spending much of the day's trading session slightly below the flat line.
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European Stocks Close On Positive Note Despite Shaky Start

European Stocks Close On Positive Note Despite Shaky Start

Despite a sluggish spell early on in the session, European stocks closed higher on Friday, gaining some strength gradually past noon. Investors assessed the most recent regional and U.S. economic data, and continued to bet on an interest rate cut by the Federal Reserve in December.
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TSX Scales New Record High As Strong GDP Data, Fed Rate Hopes Lift Sentiment

TSX Scales New Record High As Strong GDP Data, Fed Rate Hopes Lift Sentiment

Canadian stock market's benchmark S&P/TSX Composite Index climbed to a new record high Friday morning, riding on strong gains in materials and energy sectors thanks to firm commodity prices. Data showing stronger than expected GDP growth in the third quarter is also aiding sentiment.
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Swiss Economy Shrinks As Estimated

Swiss Economy Shrinks As Estimated

Switzerland's economy contracted in the third quarter as the front-loading effects linked to the US trade policy faded, the State Secretariat for Economic Affairs reported Friday. Gross domestic product shrank 0.5 percent sequentially, reversing a 0.2 percent rise in the second quarter. The SECO confirmed the estimate published on November 17.
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Bay Street Likely To Open Slightly Higher

Bay Street Likely To Open Slightly Higher

Slightly higher Canadian and U.S. futures point to a marginally positive start for the Canadian market on Friday. The GDP data may impact the mood.
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Wall Street Seen Opening On Flat Note

Wall Street Seen Opening On Flat Note

Activity is likely to be somewhat subdued amid thin volumes on Friday with trading scheduled to end at 1 PM ET. The economic calendar is blank and there are not many news from the corporate front to warrant significant moves.
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