CAC 40 Edges Higher Led By Banks

RTTNews | hace 904
CAC 40 Edges Higher Led By Banks

(RTTNews) - French stocks rose on Monday as investors priced in U.S. rates to peak around 5.4 percent by September.

Markets believe the Federal Reserve will decrease rates if the U.S. economy experiences a recession next year.

The benchmark CAC 40 was up 45 points, or 0.6 percent, at 7,392 after gaining 0.9 percent on Friday.

Among the top gainers, BNP Paribas, Credit Agricole, Engie, Hermes International, Societe Generale and Veolia all rose around 1 percent.

Alstom SA edged up slightly. The rolling stock maker has bagged a contract from Japanese company, Mitsubishi Corp., to provide an integrated railway system for the extension of the North-South Commuter Railway project in Philippines.

Alstom's contract share is worth around 1.1 billion euros and booking is expected during 2023-24.

read more
Antipodean Currencies Fall Amid Risk-off Mood

Antipodean Currencies Fall Amid Risk-off Mood

The antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Tuesday, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation.
RTTNews | hace 15 minutos
Sensex, Nifty Deep In The Red On Tariff Worries

Sensex, Nifty Deep In The Red On Tariff Worries

Indian shares opened on a sluggish note on Tuesday after the Trump administration officially issued a notice regarding the imposition of an additional 25 percent tariffs on Indian imports, with the punitive duties set to kick in at 12:01 am (EST) on August 27.
RTTNews | hace 2h 55min
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 Tuesday, giving up the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,950 level, with weakness in iron ore miners and a mixed performance across most other sectors.
RTTNews | hace 4h 8min
Asian Markets Track Wall Street Lower

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation. Asian markets closed mostly higher on Monday.
RTTNews | hace 4h 29min