CAC-40 Gains As Sentiment Improves Globally
(RTTNews) - CAC-40 is trading more than a percent higher than the levels on Friday as sentiment improved globally amidst strong expectations that the expected dip in Consumer Price inflation in the U.S. would goad the Fed into a more dovish monetary policy stance. Inflation readings from the U.S. are due on Tuesday. The Euro meanwhile appreciated against the Dollar as the ECB moved to a more hawkish monetary policy stance.
The CAC-40 is currently trading at 6,295.44, up 1.34 percent from Friday's close. The day's trading has been between 6,224.51 and 6,299.17.
Alstom is the top gainer with a 4.2 percent uptick. Arcelormittal and Renault have both gained more than 3 percent in the day's trade. Airbus and Stellantis have both added more than 2 percent. Only Dassault Systemes is trading in the red zone.
Total Energies which gained 1.5 percent is the most active scrip with a turnover of 64 million.
The EUR/USD pair is at 1.0132, gaining almost 1 percent overnight amidst the US Dollar Index weakening 0.69 percent to 108.26.
The ten-year bond yield has decreased 1.74 percent to 2.234 percent versus 2.273 percent on Friday.
European Shares Drift Lower Ahead Of US Inflation Reading
Antipodean Currencies Rise As Traders Await U.S. PCE Inflation Data
Asian Shares Mixed Ahead Of US PCE Inflation Data
NZ Dollar Advances Against Majors
Australian Dollar Rises Against Majors
European Shares Seen Mostly Lower Before US Inflation Data
Sensex, Nifty Struggle For Direction In Early Trade
