CAC-40 Rises As Cooling Inflation Triggers Hopes Of Monetary Policy Review

RTTNews | il y a 770
CAC-40 Rises As Cooling Inflation Triggers Hopes Of Monetary Policy Review

(RTTNews) - The CAC-40 gained on Wednesday amidst positive sentiment generated by the falling inflation trajectory in the Euro Area as well as the U.K.

The CAC-40 is currently trading at 7,363.26, gaining 0.60 percent from the previous close. The day's trading has been between 7,341.16 and 7382.89.

Of the 40 scrips in the index, only 8 are trading in negative territory.

Luxury group Kering surged 6.34 percent following an organizational reshuffle. Worldline added 3.2 percent. Unibail-Rodamco-Westfield, Dassault Systemes, Eurofins Scientific, Orange, Capgemini, Hermes International, Michelin, Alstom, Bouygues and LVMH, all added more than 1 percent overnight.

Publicis Groupe, ArcelorMittal, Schneider Electric and Legrand have all shed more than 1 percent in the day's trading.

The Dollar strengthened amidst indications of strong consumer resilience, reflected in the U.S. Retail Sales reading for May being revised higher. The sterling's weakness that followed the softening in inflation also lifted the Dollar Index or DXY, a measure of the U.S. dollar's strength against a basket of 6 currencies. DXY has gained 0.21 percent to 100.15 whereas the EUR/USD pair has dropped 0.02 percent to 1.1223.

Reflecting the revised monetary policy outlook amidst the easing inflation, yield on France's ten-year bond has dropped to 2.884%, decreasing 0.72 percent overnight from the previous close of 2.905%.

read more
Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming early losses in mid-market moves on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.
RTTNews | il y a 1h 24min
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic the US Fed will cut interest rates at their next meeting in September. They also remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the Fed's preferred readings on consumer price inflation.
RTTNews | il y a 1h 39min
Swiss Market Settles Modestly Higher

Swiss Market Settles Modestly Higher

The Switzerland market closed modestly higher on Wednesday after staying firm right through the day's session, thanks to fairly strong buying at several counters. The benchmark SMI closed up by 46.23 points or 0.38% at 12,207.12. The index moved between 12,166.23 and 12,226.36 during the session.
RTTNews | il y a 2h 21min
Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday after opening in the red, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,650 level, with gains in index heavyweights, automakers and financial stocks.
RTTNews | il y a 2h 30min
Thai Bourse May Halt Losing Streak On Thursday

Thai Bourse May Halt Losing Streak On Thursday

The Thai stock market has moved lower in back-to-back sessions, slipping almost 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,250-point plateau although it may stop the bleeding on Thursday.
RTTNews | il y a 2h 39min
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian market is slightly lower in choppy trading on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.
RTTNews | il y a 2h 46min
Indonesia Shares Tipped To Open In The Green

Indonesia Shares Tipped To Open In The Green

The Indonesia stock market has moved higher in two of three trading days since the end of the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,935-point plateau and it may add to its winnings on Thursday.
RTTNews | il y a 3h 9min