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CAC 40 Marginally Higher Ahead Of US CPI Data
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(RTTNews) - French stocks were little changed on Tuesday as investors eagerly awaited U.S. CPI data as well as preliminary third-quarter gross domestic product data from the euro zone for direction.
The benchmark CAC 40 was marginally higher at 7,092 after rising 0.6 percent the previous day.
Banks were subdued with, BNP Paribas falling nearly 1 percent as Eurozone bond yields struggled for direction following hawkish comments from ECB policymakers pushing against expectations for rate cuts.
ECB president Christine Lagarde said in an interview during the weekend that no change in interest rates should be expected in the "next couple of quarters".
Automaker Renault was down half a percent on growth worries.
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Tesla Shares Gain As Musk Sets Robotaxi Service Launch Tentatively On June 22
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DAX Up Marginally In Cautious Trade As Traders Await U.S. Inflation Data
German stocks advanced Wednesday morning, reacting positively to the news about top U.S. and Chinese officials reaching a framework to implement the Geneva consensus.
If approved, the Sino-U.S. deal will remove some restrictions on China's rare earth exports and unwind a few recent U.S. export bans.
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European Shares Inch Higher Ahead Of US Inflation Report
European shares edged higher in cautious trade on Wednesday as investors monitored the latest updates from Sino-U.S. talks and awaited crucial U.S. inflation data for direction.
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Commodity Currencies Slide Amid Crude Oil Price Drop
The commodity currencies such as the Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Wednesday amid crude oil price drop, as markets awaited the outcome of US-China trade talks, which have yet to be approved by President Donald Trump, with China's poor oil demand and OPEC+ output increases weighing on the market.
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