CAC 40 Rebounds After Thursday's Selloff

RTTNews | hace 852
CAC 40 Rebounds After Thursday's Selloff

(RTTNews) - French stocks were moving higher on Friday as investors pinned hopes for demand recovery in the world's second-biggest economy on eve of upcoming Lunar New Year holiday.

Comments from several Fed officials expressing support for a downshift in the pace of U.S. rate rises also boosted sentiment.

The benchmark CAC 40 was up 32 points, or 0.4 percent, at 6,982 after plunging 1.9 percent the previous day.

China-exposed luxury stocks such as LVMH and Hermes International were gaining ground after China said the number of COVID-19 patients needing critical care in hospitals has peaked ahead of what is expected to be one of the busiest days of travel in years.

The dollar edged lower in early European trade and bond yields remained subdued as traders priced in the likelihood of a softer 25-bps rate hike at the Fed's January 31-February 1 meeting.

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CAC 40 Moderately Lower In Cautious Trade

CAC 40 Moderately Lower In Cautious Trade

French stocks are under a bit of pressure on Wednesday amid uncertainty about Ukraine-Russia peace talks, and a lack of positive progress on the trade front. The recent downgrade of U.S. sovereign credit rating by Moody's weigh as well on investor sentiment.
RTTNews | hace 32 minutos
Sensex, Nifty Snap Three-day Losing Streak

Sensex, Nifty Snap Three-day Losing Streak

Indian shares eked out modest gains on Wednesday, after having suffered heavy losses in the previous session amid rising geopolitical tensions, growing concerns over U.S. debt and a spike in Covid-19 cases in Southeast Asia.
RTTNews | hace 39 minutos
DAX Drifts Lower On Geopolitical Concerns

DAX Drifts Lower On Geopolitical Concerns

German stocks are down in negative territory on Wednesday as investors make cautious moves, awaiting fresh news on the trade front. The impasse in Ukraine peace talks and data showing a bigger than expected increase in UK inflation weigh on sentiment.
RTTNews | hace 1h 0min
Asian Shares Rise In Cautious Trade; Nikkei Drops On Yen Strength

Asian Shares Rise In Cautious Trade; Nikkei Drops On Yen Strength

Asian stocks ended mostly higher on Wednesday, with Japanese markets underperforming as the yen continued to strengthen on BoJ rate hike bets and data showed Japan's export growth continued to decelerate for the second consecutive month.
RTTNews | hace 2h 13min
U.S. Dollar Falls Amid Risk-on Mood, Fed Rate Cut Bet

U.S. Dollar Falls Amid Risk-on Mood, Fed Rate Cut Bet

The U.S. dollar weakened against other major currencies in the Asian session on Wednesday amid increased risk-on mood, as some traders are still looking to cash in on the strong upside in the markets seen over the past several weeks. Furthermore, growing market acceptance that the Federal Reserve (Fed) will lower interest rates further this year amid evidence of diminishing inflationary pressure and a dismal growth forecast, also pushed the USD lower.
RTTNews | hace 3h 20min
Japan Exports Growth Softens On Higher Trade Tariffs

Japan Exports Growth Softens On Higher Trade Tariffs

Japan's exports grew at a slower pace in April largely due to the higher tariffs imposed by the US administration, official data revealed Wednesday. Exports climbed 2.0 percent on a yearly basis in April, slower than the 4.0 percent increase in March, the Ministry of Finance reported. Exports have been rising since last September and the latest growth matched economists' expectations.
RTTNews | hace 4h 33min
European Shares May Struggle At Open

European Shares May Struggle At Open

European stocks are seen opening little changed on Wednesday, with U.S. fiscal concerns, geopolitical tensions and the Fed outlook likely to be in focus.
RTTNews | hace 5h 27min