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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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DAX Up Over 5% Despite Coming Off Early Highs
German stocks are up sharply on Thursday with investors going on a buying spree after U.S. President Donald Trump announced a 90-day suspension of reciprocal tariffs for most U.S. trade partners, except China, to facilitate renewed trade negotiations.
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34 minutes ago
Swiss Franc Recovers Slightly Against Majors
The Swiss franc recovered slightly against other major currencies in the European session on Thursday.
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1h 0min ago
European Shares Climb On Trump Tariff Relief
European stocks soared on Thursday after U.S. President Donald Trump announced a 90-day pause for countries hit by higher U.S. tariffs, with the exception of China.
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1h 2min ago
Asian Shares Rally After Trump's Tariff Pause
Asian stocks rallied the most in more than two years on Thursday as U.S. President Donald Trump paused most of his sweeping reciprocal tariffs for 90 days to allow more time for negotiations, but raised the levies on China to 125 percent, further escalating a high-stakes confrontation between the world's two largest economies.
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1h 23min ago
Commodity Currencies Rise Amid Risk-on Mood
The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major counterparts in the Asian session on Thursday amid increased risk-on mood by the investors, with sharp gains across all markets in the region after U.S. President Donald Trump announced a 90-day pause on new "reciprocal tariffs" on most countries to allow for negotiations. However, Trump excluded China from the pause.
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1h 26min ago
UK Housing Market Conditions Weaken On Challenging Macroeconomic Factors
The UK housing market conditions weakened in March as demand faded following the end of stamp duty holiday amid rising concerns about economic outlook, survey data showed on Thursday. New buyer demand turned negative and hit the lowest since September 2023, the Residential Market Survey from the Royal Institution of Chartered Surveyors showed on Thursday.
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2h 8min ago
Canadian Dollar Climbs Against Most Majors
The Canadian dollar strengthened against most major currencies in the Asian session on Thursday.
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2h 23min ago
NZ Dollar Advances Against Most Majors
The New Zealand dollar strengthened against most major currencies in the Asian session on Thursday.
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2h 31min ago
