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CAC 40 Edges Higher As Investors Shrug Off Inflation Concerns
(RTTNews) - French stocks were moving higher on Tuesday despite concerns that a jump in oil prices might stoke inflation and prompt the Federal Reserve to act more aggressively. Investors cheered the results of an ECB survey showing that consumer expectations for euro-area inflation fell for a second month.
The benchmark CAC 40 was up 22 points, or 0.3 percent, at 7,369 after rising 0.3 percent the previous day.
Banks BNP Paribas, Credit Agricole and Societe Generale were up between 0.8 percent and 1.5 percent.
L'Oreal shares rose half a percent after the cosmetics group reached a deal with Brazil's Natura & Co to acquire its Australian luxury brand Aesop at an enterprise value of $2.53 billion.
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U.S. Dollar Falls Amid Rising Fed Rate Cut Bets
The U.S. dollar weakened against other major currencies in the late Asian session on Monday, due to growing speculation that the U.S. Federal Reserve (Fed) may lower interest rates at its September meeting.
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18 dakika önce
U.S. Dollar Falls Against Majors
The U.S. dollar weakened against other major currencies in the late Asian session on Monday.
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41 dakika önce
UK House Price Growth Softens In August
UK house prices logged a slower pace of growth in August due to stretched affordability, the Nationwide Building Society said Monday. House prices increased 2.1 percent on a yearly basis in August, slower than the 2.4 percent rise seen in July. On a monthly basis, house prices edged down 0.1 percent, in contrast to the 0.5 percent increase in the previous month.
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44 dakika önce
European Shares Inch Higher As US Court Calls Trump Tariffs Illegal
European stocks were slightly higher on Monday after a U.S. appeals court ruled that many of President Donald Trump's tariffs, which have upended global trade, were illegal.
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1s 12 dakika önce
Asian Shares Mixed After US Tech Selloff
Asian stocks turned in a mixed performance on Monday as China's factory activity data painted a mixed picture of the world's second-largest economy and investor enthusiasm for artificial intelligence waned.
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1s 37 dakika önce
China Manufacturing Activity Returns To Growth
China's manufacturing sector returned to growth in August as rising orders pushed up purchasing activity and unfinished business but firms remained cautious about hiring, survey data from S&P Global showed on Monday. The RatingDog manufacturing Purchasing Managers' Index posted 50.5 in August, up from 49.5 in July. A reading above 50.0 indicates expansion in the sector.
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2s 58 dakika önce
European Economic News Preview: UK Mortgage Approvals, House Price Data Due
Mortgage approvals, house prices and final manufacturing Purchasing Managers' survey results from the UK are the top economic news due on Monday. At 2.00 am ET, the Office for National Statistics releases UK Nationwide house price data. Economists forecast house prices to rise 0.1 percent month-on-month in August, following a 0.6 percent rise in July.
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4s 24 dakika önce
European Shares Seen Mostly Higher As Trump's Tariffs Face Legal Hurdle
European stocks look set to open broadly higher on Monday, with trading volumes likely to remain thin due to the long Labour Day weekend in the United States.
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4s 34 dakika önce
