CAC 40 Rises Ahead Of Eurozone GDP Data
(RTTNews) - French stocks traded higher on Wednesday ahead of euro area flash GDP data and industrial production figures due later in the day.
Eurostat is expected to confirm 0.3 percent sequential growth for the second quarter. In June, industrial production is expected to rebound 0.5 percent on month after a 0.6 percent drop posted in May.
Meanwhile, data from statistical institute Insee showed French consumer prices rose 2.3 percent in July from a year earlier, a slight increase from June's 2.2-percent rate - confirming the preliminary figure released two weeks ago.
The benchmark CAC 40 was up 48 points, or 0.7 percent, at 7,324 after adding 0.4 percent in the previous session.
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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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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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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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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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Pound Climbs Against Majors
The pound rose against its major counterparts in the New York session on Tuesday.
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European Stocks Close Higher On Thin Volumes Ahead Of Christmas Holidays
European stocks posted marginal gains in the shortened trading session on Tuesday, with investors mostly staying away on the sidelines ahead of Christmas holidays. Some major markets in the region remained shut for Christmas Eve.
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Bay Street Likely To Open Slightly Higher
Canadian shares are likely to open higher on Tuesday, and trading may be a bit lackluster and volumes rather thin as the market will close at 1 pm, and remain closed on Wednesday and Thursday for Christmas and Boxing Day holidays.
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Indian Rupee Hits Record Low Against U.S. Dollar
The Indian rupee weakened against the U.S. dollar in the European session on Tuesday.
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