CAC 40 Inches Higher On China Demand Hopes

RTTNews | 937天前
CAC 40 Inches Higher On China Demand Hopes

(RTTNews) - French stocks were moving higher on Thursday amid optimism that cooling U.S. inflation would help reduce pressure for aggressive rate hikes from the Federal Reserve.

The dollar held steady and Treasury yields dipped amid bets on further softening of U.S. consumer inflation in December.

Hopes for a pickup in Chinese demand also underpinned sentiment, with upcoming Lunar New Year holidays likely to boost short-term demand.

The benchmark CAC 40 was up 41 points, or 0.6 percent, at 6,965 after rising 0.8 percent the previous day.

China-sensitive Kering rose over 1 percent on optimism over improvement in consumer demand.

Asian markets ended on a muted note earlier in the day while U.S. stock futures were slightly lower in pre-market trading.

read more
Japan Stock Market May Crack Resistance At 41,000 Points

Japan Stock Market May Crack Resistance At 41,000 Points

The Japan stock market has moved higher in back-to-back sessions, advancing more than 500 points or 1.2 percent along the way. The Nikkei 225 now sits just shy of the 40,800-point plateau and it's tipped to open in the green again on Thursday.
RTTNews | 19分鐘前
Win Streak May Continue For South Korea Shares

Win Streak May Continue For South Korea Shares

The South Korea stock market has moved higher in three straight sessions, advancing almost 80 points or 2.7 percent along the way. The KOSPI now sits just shy of the 3,200-point plateau and it may add to its winnings again on Thursday.
RTTNews | 34分鐘前
China Trade Data On Tap For Thursday

China Trade Data On Tap For Thursday

China will on Thursday release July figures for imports, exports and trade balance, highlighting a busy day for Asia-Pacific economic activity.
RTTNews | 1小時34分鐘前
Swiss Market Ends Notably Lower

Swiss Market Ends Notably Lower

Save for a few minutes about an hour after the opening bell, the Switzerland market stayed weak on Wednesday with several stocks reeling under selling pressure. Investors were cautious amid concerns about the impact of U.S. tariffs, and Donald Trump's fresh threat that his government might consider imposing tariffs on chips and pharmaceuticals.
RTTNews | 5小時38分鐘前
Canadian Stocks Surge Higher Again; TSX Scales New Record High

Canadian Stocks Surge Higher Again; TSX Scales New Record High

Canadian stocks are up firmly in positive territory on Wednesday, and the benchmark S&P/TSX Composite Index stays high up after hitting a fresh record. Rising optimism about a rate cut by the Federal Reserve in September, firm oil prices and some upbeat corporate earnings announcements are contributing to the positive mood in the market.
RTTNews | 6小時58分鐘前
India Holds Key Interest Rates Steady As Trade Tensions Escalate

India Holds Key Interest Rates Steady As Trade Tensions Escalate

The Reserve Bank of India left its key interest rates unchanged on Wednesday after an aggressive cut in June as the economy faces another threat from the US due to its Russian oil imports. The RBI Monetary Policy Committee, led by Governor Sanjay Malhotra, unanimously decided to hold the policy repo rate at 5.50 percent. The bank had reduced the rate by 50 basis points in June.
RTTNews | 9小時30分鐘前