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CAC 40 Inches Higher In Cautious Trade
(RTTNews) - French stocks were modestly higher on Friday, a day after the European Central Bank slowed the pace of its rate increases but signaled more tightening to fight inflation. The benchmark CAC 40 was up 18 points, or 0.3 percent, at 7,359 after losing 0.9 percent on Thursday.
Banks were broadly higher, with BNP Paribas, Credit Agricole and Societe Generale rising between half a percent and 1.2 percent.
Air France tumbled 3.2 percent after the Franco-Dutch carrier group posted an operating loss of €306 million ($338 million) for the first quarter.
Thales Group slipped half a percent despite reporting higher Q1 sales and confirming its 2023 outlook.
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UK Economy Contracts Unexpectedly On Weaker Production
The UK economy logged an unexpected contraction at the start of the year on a sharp fall in production, official data revealed on Friday. Gross domestic product shrank 0.1 percent on a monthly basis in January, following a growth of 0.4 percent in December, the Office for National Statistics reported. GDP was expected to grow 0.1 percent.
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Pred 4 h 22 min
Asian Shares Advance As US Shutdown Worries Ease
Asian stocks ended mostly higher on Friday after U.S. Senate Minority Leader Chuck Schumer said he plans to vote for a Republican bill to fund the government through September, helping ease worries about a potential federal government shutdown.
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Pred 4 h 28 min
Yen Falls Amid Uncertainty Over BoJ Policy
The Japanese yen weakened against other major currencies in the Asian session on Friday, as the Bank of Japan (BoJ) is anticipated to keep interest rates steady next week as a way to evaluate the risks of escalating U.S. trade tensions.
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Pred 5 h 13 min
Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Friday.
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Pred 7 h 2 min
European Shares Seen Up As US Government Shutdown Worries Ease
European stocks are likely to open higher on Friday amid signs the U.S. may avert a looming government shutdown after Senate Democratic leader Chuck Schumer announced he's ready to start the process of considering a Republican-led government funding bill that has fiercely divided Democrats.
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Pred 7 h 21 min
Dr. Reddy's Labs Recalls Levetiracetam In Sodium Chloride Injection
Dr. Reddy's Laboratories Ltd. is recalling Levetiracetam in 0.75% Sodium Chloride Injection in the United States citing mislabeling of infusion bag, according to the U.S. Food and Drug Administration. The recall involves one Batch/Lot No: A1540076 of Levetiracetam in 0.75% Sodium Chloride Injection, 1,000 mg/100 mL (10 mg/mL) single-dose infusion bags to the consumer level.
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Pred 8 h 5 min
European Economic News Preview: UK GDP Data Due
Monthly GDP estimate, industrial production and foreign trade figures are due from the UK, headlining a busy day for the European economic news. At 3.00 AM ET, the Office for National Statistics releases UK GDP, industrial output and external trade data. The economy is forecast to grow 0.1 percent on a monthly basis in January, following a 0.4 percent gain in December.
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Pred 8 h 8 min
Asian Markets Mixed Amid Tariff Concerns
Asian stock markets are trading mixed on Friday, following the broadly negative from Wall Street overnight, as traders remain cautious and concerned about global economic growth amid the ongoing trade war. Some traders also looked to pick up stocks at a bargain after the recent slump in the markets. Asian markets ended mostly lower on Thursday.
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Pred 9 h 35 min
