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CAC 40 Gains On Hopes For Early Rate Cuts

RTTNews | 626天前

CAC 40 Gains On Hopes For Early Rate Cuts

(RTTNews) - French stocks advanced on Friday after data showed U.S. retail sales declined more than expected, feeding hopes the Federal Reserve will soon start cutting interest rates.

Investors are also pinning hopes that the European Central Bank would not hold off for too long on its first rate cut this year.

"It's not a question of rushing into things; but acting gradually and pragmatically may be preferable to deciding too late and then having to over-adjust," ECB member and Bank of France head Francois Villeroy de Galhau told Belgian paper L'Echo.

The benchmark CAC 40 was up 44 points, or 0.6 percent, at 7,787 after climbing 0.9 percent the previous day.

Among the top gainers, BNP Paribas, Dassault Systemes, Eurofins Scientific, Hermes International, Kering, Legrand, STMicroelectronics, Societe Generale and Stellantis rose 1-2 percent.

Airbus Group shares were down more than 1 percent.

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Japanese Market Slightly Higher

Japanese Market Slightly Higher

The Japanese stock market is slightly higher in post-holiday trading on Tuesday after opening well in the red, extending the gains in the previous three sessions, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving well above the 52,450 level, with gains in exporters and automaker stocks partially offset by weakness in index heavyweights, technology and financial stocks.

RTTNews | 1小時1分鐘前

Indonesia Stock Market To Remain Rangebound On Tuesday

Indonesia Stock Market To Remain Rangebound On Tuesday

The Indonesia stock market bounced higher again on Monday, one session after ending the two-day winning streak in which it had picked up almost 100 points or 1.2 percent. The Jakarta Composite Index now sits just above the 8,275-point plateau and it's likely to see little movement on Tuesday.

RTTNews | 1小時15分鐘前

Mild Upside Seen For Hong Kong Stock Market

Mild Upside Seen For Hong Kong Stock Market

The Hong Kong stock market on Monday ended the three-day losing streak in which it had dropped more than 520 points or 2 percent. The Hang Seng Index now rests just above the 26,150-point plateau and it's tipped to open in the green on Tuesday.

RTTNews | 1小時30分鐘前

Australian Market Notably Lower

Australian Market Notably Lower

The Australian stock market is trading notably lower on Tuesday, reversing the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,850 level, with weakness in iron ore miners, financial, energy and technology stocks partially offset by gains in gold miners and stocks.

RTTNews | 1小時37分鐘前

China Stock Market May Spin Its Wheels On Tuesday

China Stock Market May Spin Its Wheels On Tuesday

The China stock market on Monday ended the two-day slide in which it had dropped more than 60 points or 1.5 percent. The Shanghai Composite Index now sits just above the 3,975-point plateau and it's likely to be rangebound on Tuesday.

RTTNews | 1小時45分鐘前

Japan Manufacturing PMI Sinks To 48.2 In October - Jibun Bank

Japan Manufacturing PMI Sinks To 48.2 In October - Jibun Bank

The manufacturing sector in Japan continued to contract in October, and at a faster pace, the latest survey from Jibun Bank revealed on Tuesday with a manufacturing PMI score of 48.2.

RTTNews | 2小時11分鐘前

Tech Shares May Boost Taiwan Stock Market

Tech Shares May Boost Taiwan Stock Market

The Taiwan stock market on Monday snapped the two-day slide in which it had slipped more than 60 points or 0.2 percent. The Taiwan Stock Exchange now sits just above the 28,330-point plateau and it may tick higher again on Tuesday.

RTTNews | 2小時15分鐘前

Singapore Shares May Remain Stuck In Neutral On Tuesday

Singapore Shares May Remain Stuck In Neutral On Tuesday

The Singapore stock market on Monday wrote a finish to the three-day slide in which it had slipped more than 20 points or 0.5 percent. The Straits Times Index now sits just beneath the 4,450-point plateau although it may spin its wheels on Tuesday.

RTTNews | 2小時45分鐘前

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