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Technical Summary

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IndicatorS3S2S1PR1R2R3

News

Credit Agricole joins French rivals in upbeat Q2, shares jump

* Q2 profits beat consensus * Record activity in CIB * Shares lead European banks in morning trading By Julien Ponthus PARIS, Aug 4 (Reuters) - French banking group Credit Agricole's CAGR.PA shares rose sharply on Thursday after it joined rivals BNP Paribas BNPP.PA and Societe Generale SOGN.PA in announcing better-than-expected quarterly profits driven by buoyant investment banking.
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French bank Credit Agricole beats expectations in Q2 amid record CIB activity

PARIS, Aug 4 (Reuters) - Credit Agricole SA CAGR.PA beat market expectations for second-quarter profits amid record activity in its investment banking division as torrid financial markets boosted clients' demand for hedging products. Net income came in at 1.98 billion euros ($2 billion), a figure about 800 million euros higher than the average estimate of analysts.
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Italian bank shares sink further on government debt jitters

* Italy risk premium vs Germany at fresh 2-yr high of 244 bps * Banking index down 3.6% after 8.5% drop on Friday * Monte dei Paschi faces more costly capital raising * Banks have cut BTP holdings, remain exposed to loan losses By Valentina Za MILAN, June 13 (Reuters) - Shares in Italian banks plunged further on Monday as investors fretted about Rome's debt costs surging higher ahead of the European Central Bank's first rate hike in over a decade.
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Italy's GDP could shrink in 2022-2023 if Russia gas flows stop - BOI

MILAN, May 31 (Reuters) - A stop to Russian gas flows could lead to a contraction in Italy's gross domestic product (GDP) on average in 2022-2023, central bank Governor Ignazio Visco warned on Tuesday. In the text of a speech prepared for the Bank of Italy annual general meeting, Visco highlighted how the Italian and German economies were the worst hit by the Ukraine crisis given their high reliance on Russian gas and large, energy-intensive manufacturing sectors.
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Italy's GDP could shrink in 2022-2023 if Russia gas flows stop - BOI

MILAN, May 31 (Reuters) - A stop to Russian gas flows could lead to a contraction in Italy's gross domestic product (GDP) on average in 2022-2023, central bank Governor Ignazio Visco warned on Tuesday. "In April, we calculated that the protraction of the conflict in Ukraine could mean about 2 percentage points less growth overall, for this year and the next," Visco said in the text of a speech prepared for the Bank of Italy annual general meeting.
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