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CAC 40 Slightly Higher After PMI Data
(RTTNews) - French stocks were higher on Thursday amid expectations that the rate-hike cycle has ended globally, and rate cuts might begin next year.
The downside remained capped after a survey showed French business activity contracted again in November.
The HCOB flash November composite PMI - which comprises both the services and manufacturing sectors - slipped to 44.5 points from 44.6 in October.
Meanwhile, Eurozone business activity fell again in the month, stoking recession fears.
The PMI covering the bloc's overall economic health edged up to 47.1 from October's near three-year low of 46.5.
The benchmark CAC 40 was up 13 points, or 0.2 percent, at 7,274 after gaining 0.4 percent the previous day.
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Asian stocks rose broadly on Monday amid hopes that another round of U.S.-China trade talks that will take place in London later today could help ease trade tensions between the two superpowers.
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The Japanese yen strengthened against other major currencies in the Asian session on Monday.
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The Australian dollar strengthened against other major currencies in the Asian session on Monday, as traders will be closely watching the US-China trade discussions because they will impact the next move in the Australian Dollar (AUD).
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European Shares Likely To Open On Soft Note
European stocks are seen opening broadly lower on Monday as investors react to Trump-Elon Musk feud over the president's tax-and-spending plan and await the high-level U.S.-China trade talks.
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Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the Asian session on Monday.
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