CAC 40 Climbs As Biden Says US Can Avert Recession
(RTTNews) - French stocks advanced on Friday amid optimism that China's economy is poised for a steady recovery from the COVID-19 impact.
Investors were also reacting to comments by U.S. President Joe Biden that a U.S. recession isn't inevitable and that the country was "in a stronger position than any nation in the world to overcome inflation."
The benchmark CAC 40 rose 49 points, or 0.8 percent, to 5,935 after declining 2.4 percent in the previous session.
EssilorLuxottica SA shares rose over 2 percent. The provider of ophthalmic lenses and frame said it will buy back up to 2.5 million shares in the period starting from June 17 to August 31, for a price not exceeding 200 euros per share.
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Sensex, Nifty Rebound From Five-day Slump
Indian shares ended notably higher on Monday after five straight sessions of losses.
Benchmark indexes both staged a share recovery, after having fallen nearly 5 percent over the last week.
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5h 31min ago
Starbucks Union Expands Strike To More States
The ongoing strike at coffee retail giant Starbucks Corp. by its baristas has been expanded to nine states as of Sunday, according to the Starbucks Workers United union. The five-day strike began on Friday at Starbucks locations in Chicago, Los Angeles and Seattle- its hometown- seeking wage increases for baristas. The workers in Colorado, Ohio and Pennsylvania locations joined on Saturday...
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6h 3min ago
European Shares Struggle For Direction Ahead Of Holiday Break
European stocks were subdued on Monday in the run-up to Christmas.
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6h 26min ago
FTSE 100 Subdued As GDP Figures Revised Down
U.K. stocks were flat to slightly lower on Monday after official data showed the U.K. economy stalled in the third quarter.
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6h 46min ago
Swiss Franc Slides Against Majors
The Swiss franc weakened against other major currencies in the European session on Monday.
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6h 52min ago
CAC 40 Drifts Lower In Cautious Trade
French stocks drifted lower on Monday against the backdrop of Europe's tumultuous political backdrop and worries over potential tariffs under the incoming Trump administration in the U.S.
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6h 57min ago
DAX Dips Ahead Of Holiday Break
German stocks edged lower in cautious trade on Monday ahead of upcoming Christmas holidays.
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7h 8min ago
Asian Shares Follow Wall Street Higher On US Inflation Relief
Asian stocks followed Wall Street higher on Monday after the Federal Reserve's preferred inflation gauge came in below expectations, fueling hopes for more rate cuts by the U.S. Federal Reserve in 2025.
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7h 23min ago
