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CAC 40 Little Changed As Yields Climb On Fading Rate Cut Hopes
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(RTTNews) - French stocks were little changed on Monday amid facing expectations of an early rate cut in the U.S.
The dollar and bond yields remained supported after government data showed U.S. job growth surged unexpectedly in December.
The yields on the European 10-year benchmark note and the German 10-year rose for a third straight session ahead of U.S. consumer price inflation and producer price inflation data due this week.
The benchmark CAC 40 was marginally higher at 7,422 after losing 0.4 percent on Friday. Casino shares fell about 1 percent. The retail company said that the European Commission has authorized a consortium led by Daniel Kretinsky to take control of the Group as part of the financial restructuring.
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Australian Market Maintains Early Gains In Mid-market
The Australian stock market is maintaining its early gains in mid-market trading on Monday, reversing the losses in the previous two sessions, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying above the 8,800.00 level, with gains in iron ore miners, energy and financial stocks partially offset by weakness in gold miners and technology stocks
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Asian Markets Track Wall Street Higher
Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, amid increasing optimism about the US Fed cutting interest rate in August based on last week's weak economic data. Traders shrugged off concerns about the economic impact of US President Donald Trump's "reciprocal tariffs" targeting more than 90 trading partner nations.
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Sensex, Nifty Seen Slightly Higher At Open
Indian shares look set to open slightly higher on Monday after six straight weeks of losses for key benchmark indexes Sensex and Nifty.
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Indonesia Bourse May Add To Its Winnings On Monday
The Indonesia stock market on Friday snapped the two-day slide in which it had slipped more than 25 points or 0.3 percent. The Jakarta Composite Index now sits just above the 7,530-point plateau and it may extend its gains on Monday.
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Higher Open Called For Hong Kong Stock Market
The Hong Kong stock market on Friday wrote a finish to the four-day winning streak in which it had rallied more than 570 points or 2.4 percent. The Hang Seng Index now rests just above the 24,850-point plateau although it may bounce higher again on Monday.
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Australian Market Modestly Higher
The Australian stock market is modestly higher on Monday, reversing the losses in the previous two sessions, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying above the 8,800.00 level, with gains in iron ore miners, energy and financial stocks partially offset by weakness in gold miners and technology stocks.
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Mild Upside Seen For China Stock Market
The China stock market on Friday halted the four-day winning streak in which it had gathered almost 80 points or 2.4 percent. The Shanghai Composite Index now sits just above the 3,635-point plateau although it may tick higher again on Monday.
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Taiwan Bourse May Extend Winning Streak
The Taiwan stock market has moved higher in two straight sessions, rallying more than 570 points or 2.4 percent along the way. The Taiwan Stock Exchange now sits just above the 24,020-point plateau and it may add to its winnings again on Monday.
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