CAC 40 Gains In Cautious Trade

RTTNews | vor 1070 Tagen
CAC 40 Gains In Cautious Trade

(RTTNews) - French stocks rose on Tuesday after recent string of losses on concerns over a combination of interest-rate, currency and economic risks.

The euro rose and the British pound stabilized after the Bank of England vowed it "will not hesitate" to change interest rates by as much as needed, intending to reassure markets unnerved by last Friday's budget.

The benchmark CAC 40 edged up 34 points, or 0.6 percent, to 5,802 after closing 0.2 percent lower on Monday.

Economy-sensitive automakers were on the rise, with Renault climbing 1.5 percent.

Travel related stocks also gained ground, with Franco-Dutch airline Air France KLM rising 1.2 percent.

Banks traded mixed as Eurozone bond yields hit multi-year highs.

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European Economic News Preview: UK Mortgage Approvals, House Price Data Due

European Economic News Preview: UK Mortgage Approvals, House Price Data Due

Mortgage approvals, house prices and final manufacturing Purchasing Managers' survey results from the UK are the top economic news due on Monday. At 2.00 am ET, the Office for National Statistics releases UK Nationwide house price data. Economists forecast house prices to rise 0.1 percent month-on-month in August, following a 0.6 percent rise in July.
RTTNews | vor 12 Minuten
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Monday, extending the losses in the previous session, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling below the 8,950.00 mark, with weakness in iron ore miners, energy, technology and financial stocks. Gold miners are the only bright spot.
RTTNews | vor 2Std 33 Minuten
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Monday, following the broadly negative cues from Wall Street on Friday, dragged down by tumbling technology stocks that mirrored their peers on Nasdaq. Traders also are concerned about the renewed uncertainty about US President Donald Trump's reciprocal tariffs after a U.S. federal appeals court ruled that the majority of his sweeping tariffs were illegal.
RTTNews | vor 2Std 49 Minuten
Thai Shares Tipped To Open Under Water On Monday

Thai Shares Tipped To Open Under Water On Monday

The Thai stock market turned lower again on Friday, one day after snapping the two-day slide in which it had slipped almost 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,235-point plateau and it's likely to open under pressure again on Monday.
RTTNews | vor 4Std 0 Minuten
Japanese Market Significantly Lower

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Monday, extending the losses in the previous session, following the broadly negative cues from Wall Street on Friday, with the Nikkei 225 falling below the 42,300 level, with weakness across most sectors led by tumbling technology stocks. Automakers were the only bright spot.
RTTNews | vor 4Std 16 Minuten