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European Stocks Close Higher On Optimism About Tariff Exemptions
European stocks closed higher on Tuesday amid optimism about some tariff exemptions by the Trump administration. The U.S. President said on Monday that not all proposed levies would be enforced by April 2, with some countries potentially receiving exemptions.
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Canadian Market Modestly Higher; Materials, Energy Stocks Move Up
After a bright start, the Canadian market retreated a bit, but remains in positive territory about an hour past noon on Tuesday, thanks to gains in materials, healthcare, consumer staples and energy sectors.
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U.S. New Home Sales Rebound Less Than Expected In February
After reporting a sharp pullback by new home sales in the U.S. in the previous month, the Commerce Department released a report on Tuesday showing new home sales rebounded by less than expected in the month of February. The Commerce Department said new home sales jumped by 1.8 percent to an annual rate of 676,000 in February after plunging by 6.9 percent to a revised rate of 664,000 in January.
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U.S. Consumer Confidence Tumbles More Than Expected In March
Consumer confidence in the U.S. deteriorated by more than expected in the month of March, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index tumbled to 92.9 in March from an upwardly revised 100.1 in February.
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Kingfisher Stock Down On Weak FY24 Results, Outlook; Plans Buyback
Shares of Kingfisher Plc were losing around 14 percent in the trading on the London Stock Exchange, after the home improvement retailer reported lower results in fiscal 2024, and issued fiscal 2025 outlook, expecting between a decline and growth in adjusted profit. The company also announced a stable dividend, and 300 million pounds buyback, and said it remains confident about the medium to longer
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Bay Street Likely To Open On Positive Note
Higher U.S. and Canadian futures, firm commodity prices and European stocks point to a positive start on Bay Street Tuesday morning. Worries about potential fresh tariffs by the Trump administration may weigh a bit and cap market's upside.
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FTSE 100 Moderately Higher; Kingfisher Plunges On Weak Results
U.K. stocks are moderately higher around noon on Tuesday with investors digesting a slew of earnings news and awaiting clarity on U.S. tariffs.
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CAC 40 Rises Sharply
French stocks are notably higher on Tuesday, rebounding well after previous session's setback.
The mood is positive thanks to U.S. President Donald Trump indicating that some of the proposed tariffs scheduled for implementation on April may not go forward as planned, and some countries will be granted exemptions for tariffs.
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Sensex, Nifty End Choppy Session Little Changed On Tariff Concerns
Indian shares ended a choppy session on a flat note Tuesday after U.S. President Trump said he will announce tariffs on automobiles, aluminum and pharmaceuticals in the near future.
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German Ifo Business Confidence At 8-Month High
German business confidence improved to an eight-month high in March as defense and infrastructure spending plans offset concerns about US trade policies, survey data from ifo Institute showed on Tuesday. The business climate index hit 86.7 in March, up from 85.3 in the previous month. The score was seen at 86.8. The reading was the strongest since last July.
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Euro Slides As U.S. Tariff Deadline Looms
The euro weakened against other major currencies in the European session on Tuesday, as investors ponder the likely impact of U.S. tariff hikes on inflation, economic growth and corporate profits.
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DAX Advances On Positive Business Data
German stocks are up in positive territory Tuesday morning, lifted by a survey showing an improvement in German business morale in the month of March.
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Euro Slides Against Majors
The euro weakened against other major currencies in the European session on Tuesday.
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