CAC 40 Slides On Interest-rate Worries

RTTNews | hace 1126
CAC 40 Slides On Interest-rate Worries

(RTTNews) - French stocks declined on Tuesday on interest-rate worries after Reuters reported citing sources that ECB policymakers will discuss whether to raise rates by 25 or 50 points at their meeting on Thursday to tame record-high inflation.

The benchmark CAC 40 was down 45 points, or 0.7 percent, at 6,046 after gaining 0.9 percent in the previous session.

Alstom slumped 6.5 percent. The train maker warned of challenges from inflation and the shortage in electronic components after reporting an 8 percent increase in first-quarter sales.

EDF shares soared 15 percent after the French government offered 12 euros per share to take full control of the company in a 9.7 billion-euros (US$9.85 billion) buyout offer to nationalize Europe's biggest nuclear power operator.

The offer price represented a premium of 53 percent, to the closing price of EDF shares on July 5, the day before Prime Minister Elisabeth Borne announced the nationalization.

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Asian Shares Rise As Alaska Talks Show Progress

Asian Shares Rise As Alaska Talks Show Progress

Asian stocks rose broadly on Monday as investors reacted to ongoing U.S.-Russia talks on Ukraine and looked ahead to upcoming Federal Reserve Jerome Powell's Jackson Hole speech for clues on whether the U.S. central bank will cut interest rates next month. The summit between U.S. President Donald Trump and Russian President Putin in Alaska yielded no concrete agreements, but Russia agreed to "game-changing" security guarantees for Ukraine, helping inject new momentum into stalled efforts to end the Russia-Ukraine war.
RTTNews | hace 39 minutos
Yen Falls Amid Risk-on Mood

Yen Falls Amid Risk-on Mood

The Japanese yen weakened against other major currencies in the Asian session on Monday as Asian stock markets traded higher, amid expectations of the three-year-plus war between Russia and Ukraine ending soon, with U.S. President Donald Trump saying he and Russian President Putin discussed land transfers and security guarantees for Ukraine and had "largely agreed".
RTTNews | hace 3h 25min
Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Monday.
RTTNews | hace 3h 35min
Sensex, Nifty Rally As Automakers Surge On Modi's Big GST Reform Push

Sensex, Nifty Rally As Automakers Surge On Modi's Big GST Reform Push

Indian shares opened on a buoyant note on Monday after S&P Global Ratings upgraded India's sovereign ratings and Prime Minister Narendra Modi promised next generational GST reforms by Diwali, which will bring down the tax burden on consumers as well as MSMEs.
RTTNews | hace 4h 56min
Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian stock market is trimming its early losses in choppy mid-market trading on Monday, after opening in the red and briefly treading in to the green, reversing some of the gains in the previous two sessions, following the mixed cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying above the 8,900.00 level, with weakness in mining and energy stocks.
RTTNews | hace 5h 49min
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Monday, following the mixed cues from Wall Street on Friday, amid expectations of the three-year-plus war between Russia and Ukraine ending soon, with U.S. President Donald Trump saying he and Russian President Putin discussed land transfers and security guarantees for Ukraine, and had "largely agreed". Asian markets closed mostly higher on Friday.
RTTNews | hace 6h 12min