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CAC 40 Declines On Interest-rate Fears
(RTTNews) - French stocks traded lower on Friday as bond yields hit a 15-year high on fears that major central banks will keep interest rates higher for longer to tame inflation.
Worries surrounding the Chinese economy also rattled investors.
Concerns mounted about the country's property sector after Evergrande, which has been working on a debt restructuring strategy for several months, filed for bankruptcy in New York.
The benchmark CAC 40 was down 65 points, or 0.9 percent, at 7,126 after falling 0.9 percent the previous day.
China-related stocks were losing ground, with LVMH, Hermes International and Kering falling 1-2 percent.
Banks BNP Paribas, Credit Agricole and Societe Generale all fell around 1 percent.
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European Economic News Preview: UK Revised GDP Data Due
Revised GDP from the UK is the top economic news due on Monday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK GDP data for the third quarter. The initial estimate showed that the economy grew 0.1 percent sequentially, following the prior quarter's 0.3 percent expansion.
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1小时25分钟前
China Keeps Key Interest Rates Unchanged
China maintained its benchmark interest rates for the seventh straight month, as widely expected, on Monday. The People's Bank of China left its one-year loan prime rate unchanged at 3.0 percent on Monday. Likewise, the five-year LPR, the benchmark for mortgage rates, was retained at 3.50 percent. The bank had reduced its both LPRs by quarter points in October 2024.
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Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the Asian session on Monday.
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2小时59分钟前
Australian Market Extends Early Gains In Mid-market
The Australian stock market is extending its early gains in mid-market trading on Monday, adding to the gains in the previous two sessions, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving well above the 8,650.00 level, with gains across most other sectors led by mining and technology stocks.
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5小时5分钟前
Asian Markets Track Wall Street Higher
Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, boosted by sharp gains in technology shares which mirrored their peers on the tech-heavy Nasdaq amid solid earnings news and easing concerns of a tech bubble. Optimism about more monetary easing by the US Fed following soft inflation data continues to lift the markets.
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5小时9分钟前
Indian Shares Likely To Open On Firm Note
Fairly strong GIFT Nifty and firm Asian markets indicate a positive start for Indian shares on Monday.
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5小时30分钟前
Thai Shares Tipped To Move Higher On Monday
The Thai stock market of Friday ended the three-day losing streak in which it had stumbled more than 20 points or 1.8 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau and it's expected to open to the upside again on Monday.
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6小时23分钟前
Indonesia Bourse Poised To Snap Losing Streak
The Indonesia stock market has moved lower in three straight sessions, shedding almost 80 points or 0.9 percent along the way. The Jakarta Composite Index now sits just beneath the 8,610-point plateau although it's due for support on Monday.
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6小时53分钟前
