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CAC 40 Recovers From Slide To Trade Flat
(RTTNews) - French stocks recovered from an early slide to trade on a flat note Wednesday, as U.S. stock futures traded marginally higher a day after the steepest fall on Wall Street in two years.
The benchmark CAC 40 was marginally higher at 6,246 after closing 1.4 percent lower on Tuesday.
A cautious undertone prevailed as hotter-than-expected U.S. inflation data boosted bets that the Federal Reserve will stay aggressive in raising rates.
The increase in CPI now paves the way for the U.S. Federal Reserve to raise rates by 75-100 basis points in its next monetary policy meeting scheduled for next Wednesday.
Nomura analysts have called for a full percentage hike in short-term interest rates, citing the emergence of upside inflation risks.
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Australian Dollar Rises On CPI Data
The Australian dollar strengthened against other major currencies in the Asian session on Wednesday, following the release of a slight firmer than expected consumer price data.
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Před 17 minutami
Sensex, Nifty End Choppy Session Marginally Lower
Indian shares swung between gains and losses before ending marginally lower on Wednesday due to trade-related uncertainties and rising tensions on the borders with Pakistan.
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Před 24 minutami
DAX Extending Gains To 7th Session
German stocks are up on Wednesday, rising for a seventh straight session, amid easing trade tensions, and on fairly encouraging quarterly results from big name companies. Investors are also digesting a slew of economic data.
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Před 36 minutami
European Shares Rise On Trade Deal Hopes
European stocks opened higher on Wednesday amid expectations of a potential trade deal with the United States.
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Před 1 h 20 min
Asian Shares Mixed As China's Factory Activity Contracts
Asian stocks ended mixed on Wednesday after a slew of U.S. companies suspended or tweaked their full year guidance and regional factory activity data disappointed.
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Před 1 h 55 min
German Economy Recovers On Spending, Investment
The German economy recovered in the first quarter driven by higher private consumption and investment, flash data from Destatis revealed on Wednesday. Gross domestic product grew 0.2 percent sequentially, offsetting the 0.2 percent fall in the preceding quarter. The rate also matched economists' expectations. The calendar-adjusted GDP posted an annual fall of 0.2 percent.
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Před 2 h 4 min
Canadian Dollar Climbs Against Most Majors
The Canadian dollar strengthened against most major currencies in the Asian session on Wednesday.
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Před 2 h 58 min
UK House Prices Fall More Than Expected
UK house price declined more than expected in April following the end of stamp duty holidays, data from the Nationwide Building Society showed Wednesday. House prices logged a monthly drop of 0.6 percent after remaining flat in March. The decline was worse than economists' forecast of 0.1 percent. On a yearly basis, house price growth eased to 3.4 percent from 3.9 percent in the previous month.
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Před 3 h 2 min
