CAC 40 Rebounds As Norway Strike Called Off

RTTNews | 1133天前
CAC 40 Rebounds As Norway Strike Called Off

(RTTNews) - French stocks advanced on Wednesday and natural gas prices fell sharply, as an end to strike by Norwegian oil and gas workers eased worries of energy supply crunch.

A major energy crisis in Europe has been averted for now after the Norwegian government reportedly intervened to resolve the dispute over pay.

The benchmark CAC 40 rose 60 points, or a little over 1 percent, to 5,855 after declining 2.7 percent on Tuesday.

Among the top gainers, Capgemini, Essilor Luxottica, Airbus Group, Alstom, Dassault Systemes and L'Oreal jumped 2-3 percent.

Car parts maker Faurecia slumped 6.7 percent after Barclays double-downgraded its rating on the stock to "underweight."

Banks declined, with BNP Paribas, Credit Agricole and Societe Generale falling 1-3 percent.

read more
European Economic News Preview: UK Unemployment Data Due

European Economic News Preview: UK Unemployment Data Due

Unemployment from the UK and economic confidence from Germany are the top economic news due on Tuesday. At 2.00 am ET, the Office for National Statistics publishes UK unemployment data. The jobless rate is forecast to remain unchanged at 4.7 percent in the second quarter. At 3.00 am ET, retail sales figures are due from Turkey.
RTTNews | 3小時29分鐘前
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Tuesday, but extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level to fresh all-time high, with gains in financial and energy stocks partially offset by weakness in mining and technology stocks.
RTTNews | 5小時5分鐘前
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, despite the broadly negative cues from Wall Street overnight, with the Australian and the Japanese markets hitting record all-time highs, as the U.S. and China agreed to extend their tariff truce for another 90 days. Optimism about the US Fed cutting interest rate at its next meeting is also aiding market sentiment.
RTTNews | 5小時44分鐘前
Sensex, Nifty Set For Muted Open On Mixed Global Cues

Sensex, Nifty Set For Muted Open On Mixed Global Cues

Indian shares are seen opening flat to slightly lower on Tuesday after rising sharply in the previous session as the announcement of a meeting between Russian President Vladimir Putin and U.S. President Donald Trump has fueled expectations of a potential end to sanctions limiting supply of Russian oil to other markets.
RTTNews | 6小時15分鐘前