CAC 40 Rallies As Markets Look For Clues From ECB Meeting

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CAC 40 Rallies As Markets Look For Clues From ECB Meeting

(RTTNews) - French stocks climbed on Monday as investors looked ahead to the European Central Bank monetary policy decision on Thursday to ascertain the timing and pace of interest-rate cuts this year.

Market analysts remain skeptical of the ECB's inflation outlook and anticipate multiple cuts throughout the year.

The benchmark CAC 40 was up 58 points, or 0.8 percent, at 7,429 after falling 0.4 percent on Friday.

Credit Agricole S.A. shares rose about 1 percent. The banking group said that it has acquired a 7 percent minority interest in Worldline S.A., a payment and transactional services provider. The financial terms of the deal were not disclosed.

Gaming company Kindred soared 16.5 percent after confirming a takeover bid from La Francaise des Jeux. Shares of the latter were up4 percent.

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Sensex, Nifty Edge Lower; IT Stocks Drag On Trade Worries

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The Japanese yen weakened against other major currencies in the Asian session on Friday.
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Australian Market Extends Early Losses In Mid-market

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Asian Markets Mostly Higher

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Japanese Market Slightly Higher

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The Japanese market is slightly higher on Friday, snapping a three-session losing streak, despite the broadly negative cues from Wall Street overnight. The Nikkei 225 is moving above the 42,650 level, with gains across all sectors led by automakers and financial stocks as domestic inflation data beat expectations.
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