CAC 40 Gains As Fed Worries Ease
(RTTNews) - French stocks rose on Friday to extend gains from the previous session after a survey showed business activity at French service providers expanded in February for the first time since October last year.
Sentiment was also underpinned after a Fed official suggested a measured approach to raising interest rates and a private survey showed China's services sector expanded at the fastest pace in six months in February.
The benchmark CAC 40 was up 38 points, or half a percent, at 7,320 after climbing 0.7 percent on Thursday.
Among the top gainers, BNP Paribas, Capgemini, Credit Agricole, Societe Generale, Veolia, Engie, ArcelorMittal, Renault and STMicroelectronics jumped 1-2 percent.
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German Business Confidence Remains Unchanged
German business morale remained unchanged in February as companies were less satisfied with current situation, while expectations improved moderately amid the federal elections, survey results from the ifo Institute showed on Monday. The ifo business climate index registered 85.2 in February, the same as in January. The score was forecast to rise to 85.9.
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6h 0min ago
UK Stocks Turning In Mixed Performance; FTSE 100 Modestly Higher
U.K. stocks are modestly higher Monday morning, led by gains in defense shares amid expectations of increased government spending for the sector.
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6h 19min ago
Sensex, Nifty Tumble; IT Stocks Hit Hard On Tariff Concerns
Indian shares tumbled on Monday, with export-oriented IT stocks coming under heavy selling pressure as weak U.S. economic data rekindled growth worries and U.S. President Donald Trump reiterated that his administration would impose reciprocal tariffs "soon" on countries like India and China.
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6h 39min ago
CAC 40 Recovers From Early Setback, Down Marginally
After a slightly weak start and a subsequent drop to lower levels, French stocks regained some lost ground Monday morning. The mood remains cautious amid a lack of positive triggers.
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6h 50min ago
DAX Rises 0.8% As Investors React To Federal Election Results
German stocks are up firmly in positive territory Monday morning with investors digesting the results of the nation's general election, which saw the Christian Democratic Union of Germany (CDU) emerging victorious.
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7h 6min ago
U.S. Dollar Falls Amid Prospect Of Fed Rate Cuts
The U.S. dollar weakened against other major currencies in the Asian session on Monday, as the disappointing U.S. economic data kept the prospect of interest rate cuts by the Federal Reserve (Fed) intact this year.
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7h 12min ago
European Shares Subdued; DAX Gains After German Vote Outcome
European stocks were broadly lower on Monday while the euro strengthened amid optimism over German election results.
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7h 59min ago
Asian Shares Decline After Weak US Data
Asian stocks ended mostly lower on Monday as weak U.S. economic data rekindled growth worries and U.S. President Donald Trump reiterated that his administration would impose reciprocal tariffs "soon" on countries like India and China.
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8h 27min ago
