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CAC 40 Climbs As Biden Says US Can Avert Recession
(RTTNews) - French stocks advanced on Friday amid optimism that China's economy is poised for a steady recovery from the COVID-19 impact.
Investors were also reacting to comments by U.S. President Joe Biden that a U.S. recession isn't inevitable and that the country was "in a stronger position than any nation in the world to overcome inflation."
The benchmark CAC 40 rose 49 points, or 0.8 percent, to 5,935 after declining 2.4 percent in the previous session.
EssilorLuxottica SA shares rose over 2 percent. The provider of ophthalmic lenses and frame said it will buy back up to 2.5 million shares in the period starting from June 17 to August 31, for a price not exceeding 200 euros per share.
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Taiwan Stock Market May Crack 26,000-Point Barrier
The Taiwan stock market has alternated between positive and negative finishes through the last four trading days since the end of the eight-day winning streak in which it had surged more than 1,450 points or 5.8 percent. The Taiwan Stock Exchange now sits just beneath the 25,770-point plateau and it's expected to open to the upside again on Friday.
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33分鐘前
Singapore Shares May Halt Losing Streak
The Singapore stock market has finished lower in five straight sessions, slumping more than 40 points or 1 percent along the way. The Straits Times Index now sits just above the 4,310-point plateau although it may stop the bleeding on Friday.
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1小時3分鐘前
Japan Inflation Slows To 2.7% On Year
Overall consumer prices in Japan were up 2.7 percent on year in August, the Ministry of Internal Affairs and Communications said on Friday.
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1小時18分鐘前
New Zealand Has NZ$1.185 Billion Trade Deficit
New Zealand posted a seasonally adjusted merchandise trade deficit of NZ$1.185 billion in August, Statistics New Zealand said on Friday.
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1小時23分鐘前
Malaysia Bourse May Reclaim 1,600-Point Level
The Malaysia stock market on Thursday snapped the two-day winning streak in which it had climbed almost 30 points of 1.9 percent. The Kuala Lumpur Composite Index now sits just shy of the 1,600-point plateau although it's likely to bounce higher again on Friday.
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1小時33分鐘前
Japan Stock Market May Extend Thursday's Gains
The Japanese stock market rebounded on Thursday, one day after halting the four-day winning streak in which it had surged more than 1,430 points or 3.2 percent. The Nikkei 225 now sits just above the 45,300-point plateau and it may add to its winnings on Friday.
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1小時48分鐘前
KOSPI In Line For Another Fresh Record High
The South Korea stock market bounced higher again on Thursday, one day after snapping the 11-day winning streak in which it had surged more than 300 points or 9.6 percent. Now at another fresh record closing high, the KOSPI sits just above the 3,460-point plateau and it may see additional support on Friday.
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2小時3分鐘前
Japan Rate Decision On Tap For Friday
The Bank of Japan will wrap up its monetary policy meeting on Friday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The BoJ is widely expected to keep its benchmark lending rate unchanged at 0.50 percent.
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3小時3分鐘前
