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CAC 40 Extends Gains As China Cuts Rates To Boost Growth
(RTTNews) - French stocks rose on Tuesday to extend gains from the previous session on hopes that U.S. inflation data later in the day would likely show an easing in prices in May, and that the Federal Reserve would resist raising rates at the end of a two-day policy meeting on Wednesday.
The benchmark CAC 40 was up 36 points, or half a percent, at 7,286 after gaining half a percent the previous day.
China-exposed luxury giant LVMH and Hermes International both rallied around 1.3 percent after the People's Bank of China (PBOC) cut its seven-day reverse repo rate by 10 basis points in a bid to restore market confidence and prop up slowing economic growth.
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CAC 40 Down 0.66%; Bouygues Rises Sharply On Earnings
French stocks are exhibiting weakness on Wednesday, snapping a four-session winning streak, as investors focus on earnings and other corporate news, and await more economic data for directional clues. Some profit taking is also contributing to market's weakness.
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hace 20 minutos
Sensex, Nifty End Choppy Session Modestly Higher
Indian shares ended modestly higher on Wednesday as signs of easing retail inflation sparked hopes for more rate cuts from the Reserve Bank of India in coming months.
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hace 26 minutos
DAX Drifts Lower In Cautious Trade; Brenntag Down Sharply On Lower Earnings
German stocks are down in negative territory on Wednesday with investors mostly making cautious moves after recent gains in the wake of the U.S. and China striking a trade deal, and somewhat soft U.S. consumer price inflation data.
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hace 43 minutos
European Shares Drift Lower In Lackluster Trade
European stocks were slightly lower in cautious trade on Wednesday while the dollar extended losses as benign U.S. inflation data prompted traders to pare back Fed rate cut bets for this year.
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hace 1h 35min
Asian Shares Mixed; Hang Seng Rises Over 2% On Earnings Optimism
Asian stocks turned in a mixed performance on Wednesday as investors digested softer-than-expected inflation data from the U.S. and awaited more clarity on ongoing trade talks.
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hace 2h 3min
Indian Rupee Falls To 5-day Low Against U.S. Dollar
The Indian rupee weakened against the U.S. dollar in the Asian session on Wednesday.
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hace 2h 23min
U.S. Dollar Extends Slide On Soft Inflation Data
The U.S. dollar extended its early weakness against other major currencies in the Asian session on Wednesday, as inflation slowed more than expected in April, raising hopes of further easing by the Federal Reserve.
RTTNews
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hace 3h 58min
European Shares Likely To Drift Lower At Open
European stocks may open slightly lower on Wednesday after U.S. Treasury Secretary Scott Bessent downplayed the possibility of a quick agreement with the European Union, saying the bloc suffers from a "collective action problem" that's hampering trade negotiations.
RTTNews
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hace 5h 10min
