CAC 40 Modestly Higher Ahead Of Confidence Vote

RTTNews | vor 91 Tagen
CAC 40 Modestly Higher Ahead Of Confidence Vote

(RTTNews) - The French market is up in positive territory on Monday despite investors staying a bit cautious ahead of the crucial confidence vote that could cost Prime Minister François Bayrou his post.

Expectations of a rate cut by the Federal Reserve next week appear to be aiding sentiment a bit.

The benchmark CAC 40 was up 31.07 points or 0.4% at 7,705.85 a few minutes ago.

Schneider Electric is gaining about 2.5%. Bouygues, Saint Gobain, Michelin, Legrnd, Credit Agricole, Unibail Rodamco, Airbus and ArcelorMittal are up 1 to 1.25%.

TotalEnergies, Accor, Vinci, Kering, Societe Generale, Dassault Systemes and Veolia Environment are up with modest gains.

Edenred is down more than 6% amid prospects of a dselay in the adoption of the meal voucher reform. The project has already been postponed several times due to changing political conditions in the country.

Danone is losing about 1%, while Pernod Ricard, Orange, Teleperformance, Safran, L'Oreal, Sanofi and Essilor Luxottica are down 0.4 to 0.8%.

Results of a survey showed investor morale in the euro zone plunged in September to its lowest level since April. The Sentix index for the region unexpectedly fell to -9.2 in September from -3.7 in August. The investor sentiment index was seen rising to -2.2 in September.

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Indian Shares Deep In Red Ahead Of Fed Decision

Indian Shares Deep In Red Ahead Of Fed Decision

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Australian Market Maintains Early Losses In Mid-market

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Indian shares look set to open a tad lower on Tuesday as investors react to weak global cues, a stronger dollar and rising bond yields ahead of the highly anticipated Federal Reserve's interest-rate decision.
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No Help Yet For Thai Stock Market

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Indonesia Bourse Likely To Remain Rangebound On Tuesday

Indonesia Bourse Likely To Remain Rangebound On Tuesday

The Indonesia stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had picked up almost 110 points or 1.3 percent. The Jakarta Composite Index now sits just above the 8,710-point plateau although it's expected to open under pressure on Tuesday. The global forecast for the Asian markets is flat to lower ahead of the FOMC meeting later this week. The European markets were mixed and little changed and the U.S. bourses were soft and the Asian markets figure to split the difference. The JCI finished modestly higher on Monday following gains from the telecom, resource and energy companies, while the financials were mixed and the cement stocks were down. For the day, the index advanced 77.93 points or 0.90 percent to finish at 8,710.70 after trading between 8,642.06 and 8,720.09. Among the actives, Bank CIMB Niaga was down 0.28 percent, while Bank Mandiri climbed 1.02 percent, Bank Danamon Indonesia dropped 0.80 percent, Bank Negara Indonesia added 0.47 percent, Bank Rakyat Indonesia collected 0.55 percent, Indosat Ooredoo Hutchison vaulted 3.83 percent, Indocement sank 0.72 percent, Semen Indonesia lost 0.69 percent, Indofood Sukses Makmur tumbled 1.76 percent, United Tractors plunged4.86 percent, Astra International rose 0.37 percent, Energi Mega Persada skyrocketed 18.67 percent, Astra Agro Lestari fell 0.31 percent, Aneka Tambang rallied 2.06 percent, Vale Indonesia spiked 2.57 percent, Timah shed 0.63 percent, Bumi Resources surged 5.88 percent and Bank Central Asia was unchanged.
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