CAC 40 Edges Higher On China Hopes

RTTNews | Před 1008 dny
CAC 40 Edges Higher On China Hopes

(RTTNews) - French stocks edged higher on Tuesday after Beijing rolled out more stimulus measures and speculation mounted that the Chinese government was considering the scaling back of its anti-COVID policies following countrywide protests over the weekend.

According to a press briefing, China's health authorities today released a plan to boost vaccinations for elderly people and said they are "closely watching" the virus as it evolves and mutates.

A publicity campaign will be launched to fight vaccine hesitancy among the aged, promoting the benefits of vaccines in staving off severe illness and death, the National Health Commission said.

The benchmark CAC 40 was up 23 points, or 0.4 percent, at 6,688 after closing 0.7 percent lower the previous day.

read more
CAC 40 Slips Amidst Fiscal Concerns

CAC 40 Slips Amidst Fiscal Concerns

A renewed focus on the fiscal situation in France dampened sentiment for the CAC 40 benchmark that tracks the 40 largest French stocks based on the Euronext Paris.
RTTNews | Před 1 h 40 min
DAX Dips As Inflation Spike Hurts Sentiment

DAX Dips As Inflation Spike Hurts Sentiment

The DAX benchmark that tracks the performance of the 40 largest companies listed on the Frankfurt Stock Exchange is trading deep in the red amidst a higher-than-expected level of inflation reading from Euro Area.
RTTNews | Před 2 h 42 min
Pound Slides After UK Starmer's Reshuffle

Pound Slides After UK Starmer's Reshuffle

The British pound weakened against other major currencies in the European session on Tuesday, amid rising concerns about the UK government's ability to maintain fiscal discipline. In order to meet her fiscal goals, Chancellor Rachel Reeves is anticipated to increase taxes in her autumn budget, which could likely weigh on economy.
RTTNews | Před 3 h 50 min
Eurozone Inflation Rises Slightly To 2.1%

Eurozone Inflation Rises Slightly To 2.1%

Eurozone inflation rose marginally in August but the rate remained near to the European Central Bank's 2 percent target, official data revealed on Tuesday. The harmonized index of consumer prices rose 2.1 percent year-on-year in August, slightly faster than the 2.0 percent increase in July, flash data from Eurostat showed.
RTTNews | Před 3 h 59 min
European Shares Slide As Inflation Accelerates

European Shares Slide As Inflation Accelerates

European stocks traded lower on Tuesday after Eurostat data showed Eurozone inflation rose to 2.1 percent last month, climbing above the European Central Bank's 2 percent target for the first time since April driven by higher prices for food, alcohol and tobacco.
RTTNews | Před 4 h 27 min
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Tuesday.
RTTNews | Před 4 h 35 min