CAC 40 Slides As Le Pen Threatens To Topple Government Over Budget

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CAC 40 Slides As Le Pen Threatens To Topple Government Over Budget

(RTTNews) - French stocks traded lower on Tuesday after U.S. President-elect Donald Trump threatened sweeping new tariffs on Mexico, Canada and China on his first day in office to combat illegal immigration and drugs.

French political tensions also dented investor sentiment after far-right leader Marine Le Pen said on Monday that she could bring down France's minority government by the end of the year unless changes are made to the country's budget bill.

Lawmakers from Le Pen's National Rally party would bring a confidence motion if the bill now being debated in parliament "stays as it is," she said.

The benchmark CAC 40 dropped 67 points, or 0.9 percent, to 7,190 after finishing marginally higher on Monday.

Automaker Renault fell nearly 2 percent while banks BNP Paribas, Credit Agricole and Societe Generale were down 1-2 percent.

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Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Monday, but adding to the gains in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving above the 8,800.00 level, with gains across most sectors led by mining and financial stocks.
RTTNews | il y a 1h 6min
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Monday, following the positive cues from Wall Street on Friday, as the recent interest rate cut decision by the US Fed and the forecast by Fed officials of two more rate cuts this year but just one next year, continue to lift market sentiment. However, major currencies in the region weakened against the US dollar. Asian markets closed mixed on Friday.
RTTNews | il y a 1h 26min
Sensex, Nifty Set To Open Lower After Trump's Visa Crackdown

Sensex, Nifty Set To Open Lower After Trump's Visa Crackdown

Indian shares look set to open lower on Monday, with tech stocks likely to be in focus after U.S. President Donald Trump signed an executive order slapping an additional fee on H-1B visa holders, potentially impacting profitability and prompting companies to rethink hiring strategies.
RTTNews | il y a 2h 2min
Japanese Market Sharply Higher

Japanese Market Sharply Higher

The Japanese stock market is trading sharply higher on Monday, reversing the losses in the previous session, following the broadly positive cues from Wall Street on Friday, with the Nikkei 225 nearly 600 points to well above the 45,600 level, with gains across most sectors led by exporters and technology stocks.
RTTNews | il y a 2h 19min
Thai Stock Market Due For Support On Monday

Thai Stock Market Due For Support On Monday

The Thai stock market has moved lower in three straight sessions, shedding more than 15 points or 1.1 percent along the way. The Stock Exchange of Thailand now sits just above the 1,290-point plateau although it may stop the bleeding on Monday.
RTTNews | il y a 2h 39min
Indonesia Bourse May Set Fresh Record High

Indonesia Bourse May Set Fresh Record High

The Indonesia stock market bounced higher again on Friday, one day after halting the seven-day winning streak in which it had surged almost 400 points or 5 percent. Now at a fresh record closing high, the Jakarta Composite Index sits just above the 8,050-point plateau and it may see additional support on Monday.
RTTNews | il y a 3h 9min
Additional Support Tipped For Hong Kong Stocks

Additional Support Tipped For Hong Kong Stocks

The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had jumped more than 360 points or 1.4 percent. The Hang Seng Index now sits just beneath the 26,550-point plateau and it may add to its winnings on Monday.
RTTNews | il y a 3h 24min
China Shares May Halt Losing Streak

China Shares May Halt Losing Streak

The China stock market has tracked lower in back-to-back sessions, sinking more than 55 points or 1.5 percent along the way. The Shanghai Composite Index now rests just above the 3,820-point plateau although it may find traction on Monday.
RTTNews | il y a 3h 39min