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CAC 40 Edges Higher On Hopes Of Easing Fed Policy
(RTTNews) - French stocks were seeing modest gains on Monday amid hopes that the U.S. Federal Reserve could slow its pace of interest rate hikes early next year.
Investors also braced for a busy week of earnings and a key interest rate decision from the European Central Bank on Thursday, with economists expecting another 75-point rate hike.
The benchmark CAC 40 was up 19 points, or 0.3 percent, at 6,054 after losing 0.9 percent on Friday.
Banks BNP Paribas, Credit Agricole and Societe Generale were up between half a percent and 1.2 percent.
Imerys, which specializes in the production and processing of industrial minerals, surged 4.3 percent after saying it wants to become the leading supplier of lithium in Europe.
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Australian Market Extends Early Losses In Mid-market
The Australian stock market is extending its early losses in mid-market moves on Friday, giving up some of the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying above the 9,000 mark, with weakness in technology and financial stocks partially offset by gains in mining and energy stocks.
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hace 43 minutos
Asian Markets Mostly Higher
Asian stock markets are trading mostly higher on Friday, despite the broadly negative cues from Wall Street overnight, as traders remain cautious amid lingering uncertainty about the outlook for interest rates ahead of US Fed Chair Jerome Powell's highly anticipated speech at the Jackson Hole Economic Symposium later in the day. Asian markets ended mixed on Thursday.
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hace 1h 7min
Sensex, Nifty Set For Muted Start
Indian shares may open on a sluggish note on Friday following six consecutive sessions of gains on optimism about S&P's rating upgrade for India, improving Sino-India relations and the Centre's plan to rationalize Goods and Services Tax (GST).
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hace 1h 33min
Japanese Market Slightly Higher
The Japanese market is slightly higher on Friday, snapping a three-session losing streak, despite the broadly negative cues from Wall Street overnight. The Nikkei 225 is moving above the 42,650 level, with gains across all sectors led by automakers and financial stocks as domestic inflation data beat expectations.
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hace 2h 1min
Australian Market Slightly Lower
The Australian stock market is trading slightly lower on Friday, recouping some of the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying above the 9,000 mark, with weakness in technology and financial stocks partially offset by gains in mining and energy stocks.
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hace 2h 24min
U.S. Dollar Climbs Against Majors
The U.S. dollar strengthened against its major counterparts in the New York session on Thursday.
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hace 6h 34min
TSX Hovers Near Record High; Materials, Energy Stocks Shine Again
Materials and energy stocks are among the prominent gainers in the Canadian market, which is up in positive territory in mid afternoon trades on Thursday.
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hace 10h 10min
Swiss Market Ends Weak
The Switzerland market ended modestly lower on Thursday after languishing in negative territory right through the day's trading session, as the mood remained cautious with investors looking ahead to speeches from central bank chiefs at Federal Reserve's Jackson Hole Symposium.
RTTNews
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hace 10h 32min
