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Fraport Stock Up On Growth In FY24 Results, Positive EBITDA Outlook

Shares of Fraport AG were gaining around 2 percent in German trading after the airport operator reported Tuesday higher profit in its fiscal 2024 as revenues were benefited by increased traffic volumes and prices at Frankfurt Airport and across its international network of airports. Looking ahead, for fiscal 2025, Fraport projects Group profit at previous year's level or slightly below.
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U.S. Housing Starts Spike 11.2% In February, Much More Than Expected

U.S. Housing Starts Spike 11.2% In February, Much More Than Expected

New residential construction in the U.S. rebounded by much more than anticipated in the month of February, according to a report released by the Commerce Department on Tuesday. The Commerce Department said housing starts spiked by 11.2 percent to an annual rate of 1.501 million in February after plunging by 11.5 percent to a revised rate of 1.350 million in January.
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Bay Street Likely To Open On Volatile Note

Bay Street Likely To Open On Volatile Note

Canadian stocks are likely to see some volatile swings on Tuesday, with investors reacting to hot inflation data, and firm commodity prices. The jump in inflation is likely to prompt the Canadian central bank to refrain from lowering interest rates at its next policy meeting.
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German Economic Sentiment Strongest Since 2022

German Economic Sentiment Strongest Since 2022

Investor confidence in Germany improved sharply to the highest level in more than three years in March on strengthening expectations regarding fiscal policy, a closely watched survey published by think tank ZEW showed Tuesday. The ZEW Indicator of Economic Sentiment climbed to 51.6 in March from 26 in February. The last time this indicator posted such a substantial increase was in January 2023.
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Euro Rises Against Majors

Euro Rises Against Majors

The euro strengthened against other major currencies in the European session on Tuesday.
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FTSE 100 Modestly Higher As Resources, Bank Stocks Move Up

FTSE 100 Modestly Higher As Resources, Bank Stocks Move Up

U.K. stocks are modestly higher Tuesday morning, in line with markets across the region, as investors await a vote on major spending plan in Germany, and talks between U.S. President Donald Trump and Russian President Vladimir Putin to end the ongoing war in Ukraine.
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Sensex Soars Over 1,100 Points; Nifty Ends Above 22,800

Sensex Soars Over 1,100 Points; Nifty Ends Above 22,800

Indian shares rallied on Tuesday to scale a one-month peak, mirroring firm cues from global markets after data showed U.S. retail sales rebounded marginally in February, helping ease recession concerns.
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CAC 40 Advances; Technology, Bank Stocks Move Higher

CAC 40 Advances; Technology, Bank Stocks Move Higher

French stocks are up firmly in positive territory on Tuesday on positive cues from other markets in the region, ahead of a vote on a crucial spending plan in Germany, and U.S. President Donald Trump's Ukraine peace talks with Russian President Vladimir Putin.
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BlackRock, Vanguard, State Street Seek Court To Dismiss US Antitrust Lawsuit

BlackRock, Vanguard, State Street Seek Court To Dismiss US Antitrust Lawsuit

Asset managers BlackRock Inc., Vanguard and State Street Corp. have asked a Texas court to dismiss a U.S. state lawsuit accusing them of conspiring to decrease coal output, Reuters reported. The companies reportedly said the allegations were half-baked and untested legal theories and asked the court to reject the adventurous attempt to rewrite antitrust law.
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