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CAC 40 Gains As Bond Yields Slide
(RTTNews) - French stocks rose sharply on Tuesday and bond yields declined as markets held out hopes that the U.S. Federal Reserve will soften its hawkish stance after delivering a widely expected 75-bps rate hike on Wednesday.
Yields in the 10-year Bund were close to levels seen right before last week's European Central Bank gathering while the 10-year U.S. Treasury yields dropped 8 basis points (bps) to 3.99 percent.
The benchmark CAC 40 jumped 111 points, or 1.8 percent, to 6,378 after closing 0.1 percent lower on Monday.
TotalEnergies shares rose nearly 3 percent, tracking higher oil prices after OPEC raised its forecasts for world oil demand in the medium- and longer-term in an annual outlook released on Monday.
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Indian Rupee Rises To Near 4-month High Amid Trump's Reciprocal Tariffs
The Indian rupee strengthened against the U.S. dollar in the early European session on Friday, as a weakening dollar, plunging oil prices and expectations for accelerated Federal Reserve interest-rate cuts supported the INR.
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hace 4h 25min
German Factory Orders Stagnate In February
Germany factory orders stagnated unexpectedly in February even though US importers brought forward imports to beat the impending tariffs. New orders in the manufacturing sector remained unchanged in February, reversing a 5.5 percent drop in January, Destatis reported Friday. Orders were forecast to grow 3.4 percent. Excluding large orders, new orders were 0.2 percent lower than in the previou
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hace 4h 57min
European Shares Likely To Extend Losses On Growth Concerns
European stocks look set to extend losses from the previous session on Friday amid concerns that a trade war could fuel inflation and dent global economic growth.
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hace 6h 49min
Antipodean Currencies Slide Amid Risk-off Mood; Safe-haven Swiss Franc Rises
The antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Friday amid increased risk-off mood by the investors, with some of the major markets being closed, as traders continue to assess the impact of the steeper-than-expected reciprocal tariffs imposed by U.S. President Donald Trump on U.S. trade partners.
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hace 7h 27min
Swiss Franc Rises Against Majors
The Swiss franc strengthened against other major currencies in the Asian session on Friday.
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hace 7h 44min
NZ Dollar Slides Against Most Majors
The New Zealand dollar weakened against most major currencies in the Asian session on Friday.
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hace 7h 49min
Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Friday.
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hace 7h 52min
European Economic News Preview: German Factory Orders Data Due
Factory orders and construction Purchasing Managers' survey results from Germany are due on Friday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's factory orders figures for February. Orders are forecast to grow 3.4 percent on a monthly basis, in contrast to the 7.0 percent decrease in January.
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hace 8h 36min
