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CAC 40 Holds Steady On US Debt Deal Optimism
(RTTNews) - French stocks held steady on Friday after reports suggested that U.S. lawmakers are inching closer to an agreement that would raise the debt limit for about two years and cap federal spending at the same level as fiscal 2023 for two years.
The dollar eased on optimism that the U.S. government would avert a government default. The benchmark CAC 40 was up 10 points, or 0.1 percent, at 7,239 after losing 0.3 percent the previous day.
Casino plunged nearly 6 percent. The debt-ridden retailer said it was officially started court-backed negotiations with its creditors.
The dollar edged lower in European trade but was on course for its third consecutive weekly gain amid speculation that the Federal Reserve may raise rates again in June.
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European Shares Seen Opening Up On US-EU Trade Deal
European stocks look set to open on a buoyant note Monday after the United States announced the "biggest-ever" trade deal with the European Union, under which a 15-percent tariff would apply across the board, including for Europe's crucial automobile sector, pharmaceuticals, and semiconductors.
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13分钟前
Sensex, Nifty Open Lower Amid Trade Deal Uncertainty
Indian shares were slightly lower on Monday due to uncertainty around U.S. tariffs ahead of the August 1 deadline.
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1小时30分钟前
Australian Market Trims Early Gains In Mid-market
The Australian stock market is trimming its early gains in mid-market trading on Monday, reversing some of the losses in the previous two sessions, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying above the 8,650.00 level, with gains in gold miners and financial stocks partially offset by weakness in iron ore miners and energy stocks.
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2小时23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, amid optimism that a number of trade deals will be worked out prior to US President Donald Trump's August 1 deadline after the U.S. and the European Union ratified a trade agreement over the weekend, with 15 percent tariffs on most European exports, including cars.
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2小时52分钟前
Sensex, Nifty Set For Muted Start As TCS Announces Layoffs
Indian shares look set to open on a cautious note Monday, with IT stocks likely to be in focus after TCS, India's largest IT services firm, said it would lay off about 2 percent, or 12,261 employees, of its global workforce this year in the wake of global economic uncertainties and artificial intelligence-driven technological changes.
Fears over the August 1 U.S. tariff deadline and foreign fund outflows may also weigh on markets as the session progresses.
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3小时15分钟前
Japanese Market Notably Lower
The Japanese stock market is trading notably lower on Monday, extending the losses in the previous session, despite he broadly positive cues from Wall Street on Friday, with the Nikkei 225 falling below the 41,200 level, with weakness across most sectors led by financial and technology stocks.
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4小时19分钟前
Indonesia Bourse May Extend Winning Streak
The Indonesia stock market has moved higher in three straight sessions, advancing more than 190 points or 2.8 percent along the way. The Jakarta Composite Index now sits just above the 7,540-point plateau and it may open to the upside again on Monday.
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4小时20分钟前
Higher Open Predicted For Hong Kong Shares
The Hong Kong stock market on Friday ended the five-day winning streak in which it had rallied almost 1,300 points or 5.1 percent. The Hang Seng Index now sits just beneath the 25,390-point plateau although it's likely to open in the green again on Monday.
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4小时35分钟前
