CAC 40 Rallies As Inflation Worries Ease
(RTTNews) - French stocks rallied on Friday as investors pared back their inflation expectations.
As commodities extend declines on worries of a possible recession, investors are pinning hopes that inflation will start easing.
The benchmark CAC 40 jumped 76 points, or 1.3 percent, to 5,959 after losing 0.6 percent in the previous session.
Banks traded mixed, with Credit Agricole rising nearly 2 percent.
Automaker Renault fell over 1 percent as concerns over a global economic slowdown intensified.
Sanofi shares jumped 2.1 percent. The French drug major and GSK announced positive data from their vaccine trial which evaluated an adjuvanted bivalent D614 and Beta (B.1.351) vaccine candidate.
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Japanese Market Notably Higher
Adding to the gains in the previous session, the Japanese stock market is notably higher on Thursday, following the lack of cues from global markets overnight as they were closed for Christmas holiday. The Nikkei 225 is moving well above the 39,300 level, with gains across most sectors led by index heavyweights and automaker stocks.
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5h 26min ago
Yen Slides Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Wednesday.
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22h 8min ago
Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Wednesday.
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22h 43min ago
Canadian Dollar Rises As Crude Oil Prices Traded Higher
The Canadian dollar strengthened against other major currencies in the Asian session on Wednesday, as the crude oil prices moved higher on expectations the Chinese government will announce additional stimulus revive growth in the world's second largest economy.
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23h 8min ago
Canadian Dollar Rises Against Majors
The Canadian dollar strengthened against other major currencies in the Asian session on Wednesday.
The Canadian dollar rose to more than a 4-1/2-month high of 0.8943 against the Australian dollar, from yesterday's closing value of 0.8955.
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1 day ago
Japan Leading Index Data Due On Wednesday
Japan will on Wednesday see October results for its leading and coincident indexes, highlighting a light day for Asia-Pacific economic activity.
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1 day ago
TSX Ends Shortened Session On Firm Note
The Canadian market ended the shortened trading session on Tuesday modestly higher thanks to gains in energy and technology sectors. The volume of business remained rather thin as investors refrained from making significant moves ahead of Christmas and Boxing Day holidays.
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1 day ago
Swiss Franc Weakens Against Most Majors
The Swiss franc declined against its most major counterparts in the New York session on Tuesday.
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1 day ago
