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CAC 40 Little Changed Ahead Of ECB Meeting
(RTTNews) - French stocks held steady on Wednesday ahead of U.S. consumer inflation data due later in the day which could shed light on the size of a widely expected rate cut by the Federal Reserve at next week's policy meeting.
Focus was also on the European Central Bank (ECB), which is likely to reduce its own borrowing costs for the second time this year on Thursday.
The benchmark CAC 40 was marginally higher at 7,408 after declining 0.2 percent the previous day.
Drug maker Sanofi fell about 1 percent. The French company and its partner Regeneron have presented data from a phase 3 trial that could help push the megablockbuster across the finish line in the indication.
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Amazon Places Bid For TikTok Ahead Of US Sale Deadline
As the April 5 deadline is looming for TikTok, owned by China-based ByteDance Ltd, to find a buyer or to face shutdown in the United States, its biggest market, Amazon has entered the picture, submitting a takeover bid to the White House for the business, reports said. With this, the tech major joins the list of potential bidders including private equity firm Blackstone and mobile technology...
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4g 16 minut temu
European Shares Tumble On Tariff Jitters
European stocks fell sharply on Thursday as investors fretted about the potential repercussions of the new tariffs announced by U.S. President Donald Trump.
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5g 4 minut temu
Asian Shares Slide On Trade War Concerns
Asian stocks tumbled on Thursday after U.S. President Donald Trump announced a 10 percent universal tariff on most imported goods along with additional high tariffs on countries the U.S. considers "worst offenders" based on trade deficits and non-tariff barriers.
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5g 27 minut temu
DAX Down Sharply Despite Coming Off Early Lows
German stocks are down sharply Thursday morning due to heavy selling almost across the board as investors react to the U.S. government's announcement of "reciprocal tariffs."
The much steeper-than-expected tariffs on US trade partners, has heightened concerns over a global trade war that could destabilize major economies.
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5g 27 minut temu
U.S. Dollar Drops Amid Fed Rate Cut Bets
The U.S. dollar weakened against other major currencies in the European session on Thursday, as traders increase their bets that the Fed will lower rates in June, as Trump imposes fresh tariffs, traders increase their wagers that the Fed will lower rates in June.
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5g 31 minut temu
Commodity Currency's Slide As Trump Unveils Tariff Plans
The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Thursday, after U.S. President Donald Trump announced steeper-than-expected reciprocal tariffs on U.S. trade partners, heightening concerns over a global trade war that could destabilize major economies. White House press secretary Karoline Leavitt indicated the new levies will be "effective immediately."
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5g 41 minut temu
U.S. Dollar Drops Against Majors
The U.S. dollar weakened against other major currencies in the European session on Thursday.
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5g 54 minut temu
Canadian Dollar Falls Against Most Majors
The Canadian dollar weakened against most major currencies in the Asian session on Thursday.
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6g 2 minut temu
