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CAC 40 Rises On China Optimism
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(RTTNews) - French stocks rose notably on Monday after China's top leaders said they will focus on boosting the economy next year.
While more concrete policies are expected in March, the main tools for growth will be fiscal stimulus and stable monetary policies, state media quoted a senior Chinese Communist Party official as saying on Saturday.
Investors also reacted positively to the latest survey results showing that a measure of German business sentiment increased for a third straight month in December.
The Ifo business-climate index rose to 88.6 from a revised 86.4 in November.
The benchmark CAC 40 was up 41 points, or 0.6 percent, at 6,493 after closing 1.1 percent lower on Friday.
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Australian Market Significantly Higher
The Australian stock market is trading significantly higher on Tuesday, extending the gains in the previous four sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,300 level, with gains across most sectors led by Technology and energy stocks. Gold stocks were the only weak spot.
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Higher Open Anticipated For China Stock Market
The China stock market bounced higher again on Monday, one session after ending the three-day winning streak in which it had gathered more than 70 points or 2.2 percent. The Shanghai Composite Index now rests just beneath the 3,370-point plateau and it may add to its winnings on Tuesday.
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Win Streak May Continue For Taiwan Stock Market
The Taiwan stock market has moved higher in two straight sessions, collecting almost 600 points or 3 percent in that span. The Taiwan Stock Exchange now sits just beneath the 21,130-point plateau and it's tipped to open in the green on Tuesday.
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Singapore Shares May Test Resistance At 3,900 Points
Ahead of Monday's holiday for Wesak Day, the Singapore stock market had bounced higher again, one day after ending the five-day winning streak in which it had risen more than 60 points or 1.7 percent. The Straits Times Index now sits just above the 3,875-point plateau and it's expected to open to the upside again on Tuesday.
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Malaysia Bourse Tipped To Return To The Upside
Ahead of Monday's holiday for Wesak Day, the Malaysia stock market had moved higher in two of three trading days since ending the two-day slide in which it had slipped six points or 0.4 percent. The Kuala Lumpur Composite Index now sits just above the 1,545-point plateau and it's likely to see additional support again on Tuesday.
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Nikkei May Crack Resistance At 38,000 Points
The Japanese stock market has moved higher in three straight sessions, rallying more than 860 points or 2.3 percent along the way. The Nikkei 225 now sits just beneath the 37,650-point plateau and it may extend its gains again on Tuesday.
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Tech Shares Likely To Power KOSPI
The South Korea stock market rebounded on Monday, one session after snapping the three-day winning streak in which it had risen more than 20 points or 0.8 percent. The KOSPI now sits just shy of the 2,610-point plateau and it may add to its winnings on Tuesday.
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New Zealand Card Retail Sales Data Due On Tuesday
New Zealand will on Tuesday release April figures for electronic card retail sales, highlighting a modest day for Asia-Pacific economic activity. In March, sales sank 0.8 percent on quarter and 1.6 percent on year.
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