FOREXLIVEThe CAC 40 index is pretty much flat on the week when accounting for the opening moves here. The DAX is seen up just 0.1% on the week when taking in the slight gains above. So, that speaks to the lack of direction on the week. As a reminder, the first round of the French elections on the weekend is going to be one to watch for the euro and regional assets.
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European stocks closed lower on Thursday on concerns the Federal Reserve might not reduce interest rates more than one time this year despite soft consumer price and producer price inflation data.
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Asian stocks rose broadly on Thursday as soft U.S. inflation data helped keep the door open for a Federal Reserve rate cut in September.
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Asian stocks drifted lower on Wednesday as investors awaited key U.S. inflation data as well as a Federal Reserve policy decision later in the day for additional clues on the outlook for interest rates.
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