FOREXLIVEDespite all of the gains in past few sessions, the CAC 40 index is still down 0.2% on the week currently. That is an indictment that any optimism remains very much on a leash for the time being. For US stocks later, earnings season will come into focus with the big banks set to begin reporting later. S&P 500 futures are flat for now.
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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 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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