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CAC 40 Slides In Cautious Trade On SVB Fallout Concerns
(RTTNews) - French stocks were moving lower on Wednesday after annual inflation was revised upwards to 7.3 percent in February from 7.0 percent in January as a result of higher food prices.
Investors also kept a close eye on the developments surrounding the SVB crisis after Moody's Investors downgraded the outlook on the U.S. banking system to 'negative' from 'stable'.
The benchmark CAC 40 was down 43 points, or 0.6 percent, at 7,099 after gaining 1.8 percent the previous day.
Logistics company Bollore soared 8 percent after posting a rise in fourth-quarter revenue and announcing plans to launch a cash tender offer to acquire a maximum of just over 288.6 million shares, representing 9.78 percent of its share capital.
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1h 48phút trước
Swiss Stock Market Extends Losing Streak
The Swiss stock market spent all of Monday bouncing back and forth across the unchanged line, but a late swoon saw the SMI extend its losing streak to seven sessions - costing it more than 465 points or 4 percent in that span.
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European Stock Market Sink On Monday
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9h 18phút trước
FTSE 100 Records Lower Losses
The FTSE 100 benchmark of the London Stock Exchange outperformed its peers in the region with lower losses in the wake of the sharp escalation in Middle East tensions over the course of the weekend.
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9h 45phút trước
Eurozone Private Sector Expands For Sixth Straight Month
The euro area private sector expanded for the sixth straight month in June as sustained increases in manufacturing output coincided with a stabilization of services activity, flash purchasing managers' survey results from S&P Global showed on Monday. The flash HCOB composite output index remained unchanged at 50.2 in June. The index posted above the 50.0 no change mark for the sixth month.
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CAC 40 Falls As Market Spotlight On Middle East Tensions
The CAC 40 benchmark changed course on Monday amidst a major escalation in Middle East tensions over the weekend that hurt global market sentiment.
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10h 25phút trước
