CAC 40 Little Changed As China Rally Hits Speed Bump
(RTTNews) - French stocks were little changed on Wednesday as China's stimulus rally fizzled out, the conflict in the Middle East persisted and investors awaited Federal Reserve meeting minutes as well as U.S. inflation data for interest rate clues.
China's Shanghai Composite index plunged 6.6 percent today after officials failed to boost confidence in stimulus plans aimed at reviving the economy.
However, reports emerged later that China's finance ministry will hold a briefing on fiscal policy on Saturday.
The benchmark CAC 40 was marginally higher at 7,528 after losing 0.7 percent the previous day.
China-linked shares traded mixed, with Kering rising nearly 2 percent while Hermes fell more than 1 percent.
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U.S. Dollar Retreats Against Franc
The U.S. dollar pulled back against the Swiss franc in the New York session on Thursday.
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6h 27min ago
Swiss Market Ends On Firm Note
The Switzerland market, which very nearly slipped into the red around mid afternoon on Thursday, after a good spell in positive territory, recovered well to end the day's session on a firm note.
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6h 43min ago
European Stocks Close Higher
European stocks closed higher on Thursday although the volume of business remained thin in most of the markets in the region due to Thanksgiving holiday in the U.S. Investors digested Germany's consumer price inflation data and tracked corporate news for direction.
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7h 53min ago
South African Rand Off Near 2-week Low Against U.S. Dollar
The South African rand recovered against the U.S. dollar in the New York session on Thursday.
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8h 7min ago
Pound Rises Against Majors
The British pound strengthened against other major currencies in the European session on Thursday.
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14h 16min ago
Eurozone Economic Confidence Rises Unexpectedly
Eurozone economic confidence rose unexpectedly in November on improving sentiment among industrial managers and retailers, survey results from the European Commission revealed on Thursday. The economic confidence index rose slightly to 95.8 in November from 95.7 in the previous month. The score was expected to fall to 95.1.
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15h 7min ago
Sensex Plunges 1,190 Points; Nifty Nears 23,900 On F&O Expiry
Indian shares ended sharply lower on Thursday after a modest start.
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15h 25min ago
European Markets Rebound Led By Technology Stocks
European shares rebounded on Thursday, with technology stocks rising after reports emerged that U.S. restrictions on sales of semiconductor technology and AI memory chips to China would not be as severe as previously expected.
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16h 41min ago
