CAC 40 Slightly Higher Ahead Of BoE, Fed Decisions
(RTTNews) - French stocks were slightly higher on Thursday ahead of interest-rate decisions from the Bank of England and the U.S. Federal Reserve later in the day, with both the central banks expected to cut rates by 25 basis points.
Investors will pay close attention to Fed Chair Jerome Powell's comments on the policy outlook after Trump's victory.
The benchmark CAC 40 was up 0.2 percent at 7,383 after declining half a percent the previous day.
Air France-KLM plunged more than 10 percent after the airline reported a bigger-than-expected decline in its quarterly operating result and warned of higher annual costs.
Utility ENGIE was little changed after reporting a 11 percent fall in its nine-month earnings.
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Eurozone Retail Sales Growth Softens In September
Eurozone retail sales growth softened in September largely reflecting a fall in food sales and a sharp slowdown in auto fuel turnover, data published by Eurostat showed on Thursday. Retail sales logged an increase of 0.5 percent on a monthly basis in September, slower than the 1.1 percent rise in August. The growth rate slightly exceeded economists' forecast of 0.4 percent.
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6h 54min ago
Sensex, Nifty Tumble Ahead Of Fed Verdict
Indian shares fell sharply on Thursday as investors assessed the likely impact of Trump's second victory on global growth and the future trajectory of interest rates.
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6h 56min ago
Sweden Cuts Key Rate Aggressively To Support Economy
Sweden's central bank lowered its benchmark rate aggressively in order to support economic activity, and hinted at more rate cuts soon. The Executive Board of Riksbank decided to slash the policy rate by 50 basis points to 2.75 percent. Markets had anticipated a quarter-point reduction. To further support economic activity, the policy rate needs to be reduced somewhat more than estimated.
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7h 29min ago
European Shares Inch Higher With German Politics In Focus
European stocks traded higher on Thursday ahead of interest-rate decisions from the Bank of England and the U.S. Federal Reserve later in the day, with both the central banks expected to cut rates by 25 basis points.
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7h 35min ago
FTSE 100 Modestly Higher As Metal Stocks Surge
U.K. stocks traded higher on Thursday as higher commodity prices lifted resource stocks.
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7h 59min ago
Commodity Currencies Gain On Upbeat China Trade Data
The Commodity-linked currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Thursday, after data showed that China's exports expanded the most in more than two years in October, while imports declined at a sharper-than-expected pace due to weaker domestic demand.
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8h 2min ago
DAX Rallies As Germany Faces Snap Election
German stocks rose sharply on Thursday as investors digested the ramifications of political upheaval in the country.
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8h 22min 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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8h 28min ago
