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CAC 40 Gains As US Inflation Data Looms
(RTTNews) - French stocks traded higher on Thursday amid renewed optimism that the U.S. Federal Reserve is going to cut interest rates in March.
U.S. consumer price inflation data, due out later in the day is expected to provide more clarity on the Fed's monetary policy outlook this year.
The benchmark CAC 40 was up 45 points, or 0.6 percent, at 7,471 after ending little changed on Wednesday.
Air Liquide, Capgemini, Dassault Systemes, Hermes International, Pernod Ricard, Renault and Sanofi were up 1-2 percent.
Vinci SA rose half a percent. The engineering and construction company announced that it has reduced the size of its revolving credit facility by renewing the agreement with a syndicate of 23 relationship banks.
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DAX Notably Higher As Fed Rate Cut Hopes, Easing Trade Tensions Lift Sentiment
The German market is up firmly in positive territory on Wednesday, with stocks from several sectors posting solid gains, amid expectations of a rate cut by the Federal Reserve next month, and on hopes that the impact of tariffs on growth will be less severe than feared earlier. Investors are also digesting the nation's inflation data.
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Sensex, Nifty End Higher After Inflation Relief
Indian shares eked out modest gains on Wednesday after official data showed India's consumer price inflation eased more-than-expected in July to the lowest level in just over eight years, bringing inflation below RBI's tolerance band and raising prospects of another interest rate cut.
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U.S. Dollar Falls Against Majors
The U.S. dollar weakened against other major currencies in the European session on Wednesday.
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European Shares Extend Gains On Fed Rate Cut Hopes
European stocks traded higher on Wednesday as in-line U.S. inflation data cemented expectations of interest rate cuts by the Federal Reserve in September.
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Yen Falls Amid BoJ Rate Hike Uncertainty, Risk-0n Mood
The Japanese yen weakened against other major currencies in the Asian session on Wednesday, as the uncertainty about the likely time of the Bank of Japan's (BoJ) next interest rate hike and the increasing risk-on mood by the investors keeps the safe haven JPY declining.
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Asian Shares Follow Wall Street Higher On Rate Cut Hopes
Asian stocks ended mostly higher on Wednesday as in-line U.S. inflation reading bolstered speculation the Federal Reserve will cut interest rates by 25 basis points in September, bringing forward its easing forecast amid fears of a weakening labor market.
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Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Wednesday.
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European Shares Seen Up On Fed Rate Cut Hopes
European stocks are seen opening higher on Wednesday as July U.S. CPI inflation data suggested little impact from President Trump's tariffs, reinforcing bets the Federal Reserve will cut interest rates to support a cooling labor market.
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