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CAC 40 Slips Into Red As Investors React To Russia Political Turmoil
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(RTTNews) - French stocks declined on Monday after a failed mutiny by Russian mercenaries over the weekend raised concerns about political instability in the country.
The benchmark CAC 40 was down 40 points, or 0.6 percent, at 7,124 after falling 0.6 percent on Friday.
Banks were moving lower, with BNP Paribas, Credit Agricole and Societe Generale falling between 0.6 percent and 1.3 percent.
Stock market operator Euronext dropped half a percent after it has entered into a definitive agreement for the sale of its 11.1 percent stake in LCH SA to LCH Group Holdings Limited for an amount of €111 million.
SCOR declined 1.2 percent as it announced the appointment of Fabrice Bregier as the Chairman of its Board of Directors.
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European Shares Seen Flat To Higher At Open
European stocks are seen opening flat to slightly higher on Friday as investors look for the next trigger to move markets.
A day after U.S. President Donald Trump announced that India has offered to "literally charge us no tariffs" on American goods, India's External Affairs Minister S Jaishankar labelled the talks "complicated' and warning "nothing is decided till everything is…"
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European Economic News Preview: Eurozone Foreign Trade Data Due
Foreign trade from the euro area and unemployment from France are due on Friday, headlining a light day for the European economic news. At 1.30 am ET, France's statistical office INSEE publishes unemployment data for the first quarter. The jobless rate is forecast to rise to 7.4 percent from 7.3 percent a quarter ago.
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Sensex, Nifty Modestly Lower On Weak Asian Cues
Indian shares were a tad lower on Friday, tracking weak cues from other Asian markets.
The benchmark S&P BSE Sensex was down 195 points, or 0.2 percent, at 82,333 in early trade while the broader NSE Nifty index dropped 47 points, or 0.2 percent, to 25,015.
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Australian Market Trims Early Strong Gains In Mid-market
The Australian stock market is trimming its early strong gains in mid-market moves on Friday, adding to the gains in the previous seven sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,300 level, with gains across most sectors led by mining, financial and technology stocks.
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Asian Markets Trade Mostly Lower
Asian stock markets are trading mostly lower on Friday, following the mixed cues from Wall Street overnight, as traders digested the latest settlements on the trade tariff front and remained caution as they awaited more clarity on the developments in trade negotiations with other trade partners. Asian markets ended mostly higher on Thursday.
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Sensex, Nifty Seen Higher At Open
Indian shares are seen opening higher on Friday as India's foreign minister S Jaishankar said that trade talks with the U.S. are still going on and "nothing is decided till everything is".
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Thai Shares May Reclaim 1,200-Point Level
The Thai stock market has alternated between positive and negative finishes through the last seven trading days since the end of the five-day winning streak in which it had advanced more than 50 points or 4.3 percent. The Stock Exchange of Thailand now sits just beneath the 1,195-point plateau and it's expected to open to the upside on Friday.
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Japanese Market Notably Lower
Extending the losses in the previous two sessions, the Japanese market is notably lower on Friday, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling to near the 37,500 level, with weakness across most sectors led by index heavyweights, automakers and technology stocks.
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