CAC 40 Gains On Fed, China Optimism

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CAC 40 Gains On Fed, China Optimism

(RTTNews) - French stocks were notably higher on Monday amid hopes that U.S. rate hikes are nearing an end.

The benchmark CAC 40 was up 57 points, or 0.8 percent, at 7,287 after edging up 0.2 percent on Friday.

Valneva SE, a specialty vaccine company, jumped 2.6 percent after reporting positive initial Phase 3 safety data in adolescents for its single-dose chikungunya virus vaccine candidate VLA1553.

Banks BNP Paribas, Societe Generale and Credit Agricole rose between 0.6 percent and 1.7 percent after Latvian policymaker Martins Kazaks said on Saturday it may be too early for the European Central Bank to pause interest rate hikes now.

China-exposed automaker Renault added 1.6 percent after China announced new measures to stabilize its ailing stock market.

Luxury heavyweights LVMH, Kering and Hermes International all rose about 1 percent on China demand optimism.

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KOSPI May Extend Monday's Losses

KOSPI May Extend Monday's Losses

The South Korea stock market on Monday ended the two-day winning streak in which it had climbed more than 35 points or 1.1 percent. The KOSPI now sits just above the 3,175-point plateau and it may tick lower again on Tuesday.
RTTNews | il y a 17 minutes
U.S. Dollar Firms Against Majors

U.S. Dollar Firms Against Majors

The U.S. dollar climbed against its major counterparts in the New York session on Monday, as investors monitored talks between President Donald Trump and Ukrainian leader Volodymyr Zelenskyy at the White House.
RTTNews | il y a 1h 39min
TSX Down Marginally In Lackluster Trade

TSX Down Marginally In Lackluster Trade

Canadian stocks are turning in a lackluster performance on Monday as investors closely focusing on the meeting between U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskyy at the White House.
RTTNews | il y a 5h 21min
Swiss Market Settles Flat

Swiss Market Settles Flat

After a flat start, the Switzerland market turned weak Monday morning and then spent the rest of the day's trading session in negative territory as investors remained reluctant to pick up stocks as they looked ahead to a meeting between U.S. President Donald Trump and several European leaders to discuss the situation in Ukraine.
RTTNews | il y a 5h 48min
European Markets Close On Mixed Note After Cautious Session

European Markets Close On Mixed Note After Cautious Session

European stocks turned in a mixed performance on Monday as investors largely stayed cautious, looking ahead to the meeting between U.S. President Donald Trump and several European leaders, including Ukrainian President Volodymyr Zelenskyy after the Trump-Putin Summit failed to result in any breakthrough to end the war in Ukraine.
RTTNews | il y a 6h 5min
Dollar Extends Losses As Markets Cling On To Fed Cut Hopes

Dollar Extends Losses As Markets Cling On To Fed Cut Hopes

The Dollar extended losses during the week ended August 15 amidst strong Fed rate cut expectations, benign consumer price growth, easing geopolitical concerns as well as fading concerns about trade tariff uncertainty.
RTTNews | il y a 8h 48min
U.S. Homebuilder Confidence Edges Slightly Lower In August

U.S. Homebuilder Confidence Edges Slightly Lower In August

The National Association of Home Builders released a report on Monday showing a modest deterioration by U.S. homebuilder confidence in the month of August. The report said the NAHB/Wells Fargo Housing Market Index edged down to 32 in August after inching up to 33 in July. Economists had expected the index to come in unchanged.
RTTNews | il y a 9h 0min