CAC 40 Gains On US Rate Cut Optimism

RTTNews | hace 505
CAC 40 Gains On US Rate Cut Optimism

(RTTNews) - French stocks were slightly higher on Monday as optimism over interest rate cuts returned to the fore, following weaker-than-expected U.S. jobs data released on Friday. Also helping underpin sentiment, the latest HCOB PMI data produced by S&P Global showed that the French services economy began the second quarter of 2023 in expansion territory.

The benchmark CAC 40 was up 21 points, or 0.3 percent, at 7,978 after rising half a percent on Friday.

In corporate news, Atos slumped 5.4 percent after announcing that it has received four distinct offers to help bail out the debt-laden IT company.

TotalEnergies rose about 1 percent as oil prices climbed amid rising tensions in Gaza and after Saudi Arabia hiked June crude prices for most regions.

Eutelsat dropped 1.4 percent. The satellite operator confirmed that it is analyzing options for its ground station network.

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TSX Retreats After Sailing Past 30k Mark For First Ever Time

TSX Retreats After Sailing Past 30k Mark For First Ever Time

Canadian benchmark S&P/TSX Composite Index breached the 30k mark for the first ever time, and moved on to a new high Tuesday morning before paring gains and slipping into negative territory, due largely to profit taking.
RTTNews | hace 1h 27min
Swiss Market Ends Marginally Down

Swiss Market Ends Marginally Down

The Switzerland market closed on a weak note on Tuesday after a choppy ride as stocks turned in a mixed performance.
RTTNews | hace 2h 0min
European Stocks Close Broadly Higher

European Stocks Close Broadly Higher

European markets closed mostly higher on Tuesday with investors digesting the latest batch of regional economic data, and picking up stocks amid expectations of more monetary easing by the Federal Reserve.
RTTNews | hace 2h 20min
Powell Warns There's 'No Risk-Free Path' For Interest Rates

Powell Warns There's 'No Risk-Free Path' For Interest Rates

Following last week's decision to cut interest rates for the first time this year, Federal Reserve Chair Jerome Powell delivered remarks before the 2025 Greater Providence Chamber of Commerce Economic Outlook Luncheon in Warwick, Rhode Island, on Tuesday.
RTTNews | hace 2h 53min
Hungary Holds Rates Steady As Inflation Expected To Remain High

Hungary Holds Rates Steady As Inflation Expected To Remain High

The Hungarian central bank left its interest rates unchanged again, on Tuesday, as policymakers assessed that tight monetary conditions were needed amid forecast that inflation is set to remain beyond the tolerance level in the coming months.
RTTNews | hace 3h 27min
Bay Street Likely To Post New Highs

Bay Street Likely To Post New Highs

Canadian shares are likely to open on a firm note Tuesday morning with higher oil and bullion prices set to trigger buying in energy and materials sectors.
RTTNews | hace 6h 54min
Wall Street Likely To Open Flat

Wall Street Likely To Open Flat

Futures point to a somewhat flat start on Wall Street Tuesday morning. Data on manufacturing and services sector activity in the U.S. in the month of August, due after the opening bell, is likely to provide some direction to the market.
RTTNews | hace 7h 33min
Sweden Cuts Policy Rate By 25 Bps

Sweden Cuts Policy Rate By 25 Bps

Sweden's central bank cut its benchmark interest rate by 25 basis points in order to support economic recovery and signalled an end to the easing cycle. The executive board of the Riksbank decided to lower the policy rate by 25 basis points to 1.75 percent. The bank has reduced the rate by 200 basis points since it started policy easing in May 2024.
RTTNews | hace 7h 39min