CAC 40 Gains As Macron Prepares To Appoint New PM

RTTNews | Před 277 dny
CAC 40 Gains As Macron Prepares To Appoint New PM

(RTTNews) - French stocks eked out modest gains on Thursday as investors wait for President Emmanuel Macron to appoint a new prime minister.

Macron is seeking a political deal that would allow him to both name a new prime minister and "guarantee the stability of the country," a spokesperson for the outgoing government said Wednesday and insisted there was at the moment no "broader" political alliance than the current one between his centrist allies and conservatives from the Republicans party.

Investors also seek direction from a European Central Bank rate decision later in the day.

The benchmark CAC 40 was up 12 points, or 0.2 percent, at 7,435 after closing 0.4 percent higher on Wednesday.

In corporate news, semiconductor company STMicroelectronics rose about 1 percent after forging a strategic collaboration with Quobly, a French quantum computing startup.

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UK Stocks Turning In Mixed Performance

UK Stocks Turning In Mixed Performance

The UK stock market's benchmark FTSE 100 is roughly flat about an hour past noon on Monday, with stocks turning in a mixed performance. Shares of mining companies are exhibiting weakness due to data showing a slowdown in China's industrial output in the month of August.
RTTNews | Před 30 minutami
Dollar Slips As Rate Cut Hopes Deepen

Dollar Slips As Rate Cut Hopes Deepen

The U.S. Dollar declined during the week ended September 12 amidst renewed hopes of a rate cut by the Federal Reserve on September 17.
RTTNews | Před 34 minutami
Pound Rises: Traders Await BoE Monetary Policy Decision

Pound Rises: Traders Await BoE Monetary Policy Decision

The British pound strengthened against other major currencies in the European session on Monday, as investors await the Federal Reserve's (Fed) and the Bank of England's (BoE) monetary policy announcements on Wednesday and Thursday.
RTTNews | Před 1 h 19 min
CAC 40 Rises Sharply; Kering, Thales Among Strong Gainers

CAC 40 Rises Sharply; Kering, Thales Among Strong Gainers

Despite Fitch Ratings lowering France's long-term credit rating, citing climbing debt and political instability, the French stock market is up in positive territory on Monday with investors looking ahead to the policy announcements from the Federal Reserve, the Bank of England and the Bank of Japan this week.
RTTNews | Před 1 h 23 min
Sensex, Nifty Snap Winning Streak, Settle On Weak Note

Sensex, Nifty Snap Winning Streak, Settle On Weak Note

The major Indian stock indices Sensex and the Nifty ended on a weak note on Monday as investors chose to take some profits ahead of the Federal Reserve's monetary policy announcement due later this week.
RTTNews | Před 1 h 54 min
DAX Modestly Higher In Cautious Trade

DAX Modestly Higher In Cautious Trade

The German stock market is up in positive territory on Monday with investors making some selective purchases ahead of key central bank policy meetings later this week. The Federal Reserve, the Bank of England and the Bank of Japan are scheduled to make their monetary policy announcements this week.
RTTNews | Před 2 h 31 min
Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Monday.
RTTNews | Před 3 h 1 min
China Industrial Output, Retail Sales Miss Expectations

China Industrial Output, Retail Sales Miss Expectations

China's industrial production and retail sales grew at weaker than expected rates in August and fixed asset investment logged only a meagre growth, strengthening the call for both monetary and fiscal stimulus. Industrial output expanded 5.2 percent on a yearly basis in August, weaker than the 5.7 percent increase in July, the National Bureau of Statistics reported Monday.
RTTNews | Před 3 h 26 min