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CAC 40 Marginally Higher Ahead Of US CPI Data
(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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European Shares Seen Higher At Open
European stocks are likely to open higher on Friday, with renewed optimism around artificial intelligence and Fed rate cut hopes likely to underpin investor sentiment, heading into the weekend.
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European Economic News Preview: Eurozone Final Composite PMI Due
Final composite purchasing managers' survey results from the euro area and the UK are due on Friday, headlining a busy day for the European economic news. At 2.45 am ET, France's statistical office INSEE publishes industrial production data for August. Output is forecast to rebound 0.3 percent on a monthly basis, following a 1.1 percent drop in July.
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Sensex, Nifty Marginally Lower In Early Trade
Indian shares were slightly lower on Friday, after having risen sharply in the previous session on dovish RBI pause.
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Australian Market Trims Early Gains In Mid-market
The Australian stock market is trimming its early gains in mid-market moves on Friday, but extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,950 level, with gains in financial and technology stocks partially offset by weakness in mining stocks.
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Asian Markets Trade Mixed
Asian stock markets are trading mixed on Friday, following the broadly positive cues from Wall Street overnight, with mainland China and South Korean markets closed for holidays. Optimism about the outlook for interest rates and weakening US dollar against major currencies in the region are aiding market sentiment. Asian markets ended mostly higher on Thursday.
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Sensex, Nifty Set For Cautious Start
Indian shares look set to open on a tepid note on Friday despite firm cues from global markets on continued optimism around artificial intelligence.
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Thai Stocks Expected To Test Resistance At 1,300 Points
The Thai stock market has moved higher in back-to-back sessions, gathering almost 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,290-point plateau and it's tipped to open higher again on Friday.
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Japanese Market Sharply Higher
Extending the gains in the previous session, the Japanese market is sharply higher on Friday, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 45,600 level, with gains across most sectors led by exporters and technology stocks.
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