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CAC 40 Edges Higher Despite Sticky US Inflation
(RTTNews) - French stocks were slightly higher on Wednesday as investors continued to bet on at least a 25-bps rate cut by the Federal Reserve in June.
After February's U.S. core CPI inflation surprised with an acceleration, traders shifted their focus to U.S. producer price inflation and retail sales figures due this week to gauge the Federal Reserve's potential path for interest rate cuts.
The Federal Open Market Committee (FOMC) meets on March 19 and 20, with investors awaiting fresh signals of possible rate cut timings.
The benchmark CAC 40 was up 14 points, or 0.2 percent, at 8,101 after adding 0.8 percent on Tuesday.
The dollar index was up modestly in European trade while the S&P 500 eyed its 18th record close of 2024.
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U.S. Dollar Climbs Against Majors
The U.S. dollar strengthened against its major counterparts in the New York session on Thursday.
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3 ชม. 17 นาทีที่ผ่านมา
TSX Hovers Near Record High; Materials, Energy Stocks Shine Again
Materials and energy stocks are among the prominent gainers in the Canadian market, which is up in positive territory in mid afternoon trades on Thursday.
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6 ชม. 52 นาทีที่ผ่านมา
Swiss Market Ends Weak
The Switzerland market ended modestly lower on Thursday after languishing in negative territory right through the day's trading session, as the mood remained cautious with investors looking ahead to speeches from central bank chiefs at Federal Reserve's Jackson Hole Symposium.
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7 ชม. 14 นาทีที่ผ่านมา
European Stocks Close On Mixed Note Again
European stocks turned in another mixed performance as investors stayed a bit cautious on Thursday, looking ahead to Federal Reserve's symposium at Jackson Hole, Wyoming, and largely shrugging off trade concerns.
Investors also digested the latest batch of regional economic data, including flash estimates of manufacturing and services sector activity in the major economies.
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7 ชม. 30 นาทีที่ผ่านมา
Eurozone Consumer Confidence Weakens More Than Expected In August
Euro area consumer sentiment deteriorated more than expected in August to a four-month low, after a strong improvement in the previous month, preliminary results of the monthly survey by the European Commission revealed on Thursday.
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8 ชม. 19 นาทีที่ผ่านมา
U.S. Leading Economic Index Edges Down In Line With Estimates In July
A reading on leading U.S. economic indicators edged slightly lower in the month of July, according to a report released by the Conference Board on Thursday. The Conference Board said leading economic index slipped by 0.1 percent in July after falling by 0.3 percent in June. The modest decrease matched economist estimates.
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10 ชม. 14 นาทีที่ผ่านมา
U.S. Existing Home Sales Unexpectedly Rebound In July
The National Association of Realtors released a report on Thursday showing an unexpected rebound by existing home sales in the U.S. in the month of July. The report said existing home sales jumped by 2.0 percent to an annual rate of 4.01 million in July after tumbling by 2.7 percent to an annual rate of 3.93 million in June.
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10 ชม. 24 นาทีที่ผ่านมา
Walmart Shares Hit As Q2 Profit Misses Street, Updates FY26 Outlook Below View
Shares of Walmart Inc. were losing around 5 percent in the morning trading after the retail behemoth reported second-quarter earnings below market estimates, despite a significant year-over-year growth. Meanwhile, net sales were higher and beat the Street estimates.
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10 ชม. 37 นาทีที่ผ่านมา
