CAC 40 Rises As Eurozone Industrial Output Improves

RTTNews | 799天前
CAC 40 Rises As Eurozone Industrial Output Improves

(RTTNews) - French stocks rose notably on Wednesday as signs of moderating U.S. inflation helped reinforce bets that the Federal Reserve would pause its rate hikes after a two-day policy meeting ending later in the day.

The European Central Bank holds its policy meeting on Thursday, with analysts expecting a 25-bps rate hike to tame stubborn inflation.

In economic releases, Eurozone industrial output rose more than expected in April, helping ease concerns surrounding the economic outlook.

Industrial production rose 1.0 percent in April compared with the previous month after an upwardly revised 3.8 percent fall in March, Eurostat reported.

The benchmark CAC 40 was up 46 points, or 0.6 percent, at 7,337 after rising 0.6 percent the previous day.

Banks traded higher, with BNP Paribas, Credit Agricole and Societe Generale rising between 0.6 percent and 1.3 percent.

read more
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market moves on Friday, giving up some of the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying above the 9,000 mark, with weakness in technology and financial stocks partially offset by gains in mining and energy stocks.
RTTNews | 36分鐘前
Asian Markets Mostly Higher

Asian Markets Mostly Higher

Asian stock markets are trading mostly higher on Friday, despite the broadly negative cues from Wall Street overnight, as traders remain cautious amid lingering uncertainty about the outlook for interest rates ahead of US Fed Chair Jerome Powell's highly anticipated speech at the Jackson Hole Economic Symposium later in the day. Asian markets ended mixed on Thursday.
RTTNews | 1小時0分鐘前
Sensex, Nifty Set For Muted Start

Sensex, Nifty Set For Muted Start

Indian shares may open on a sluggish note on Friday following six consecutive sessions of gains on optimism about S&P's rating upgrade for India, improving Sino-India relations and the Centre's plan to rationalize Goods and Services Tax (GST).
RTTNews | 1小時26分鐘前
Japanese Market Slightly Higher

Japanese Market Slightly Higher

The Japanese market is slightly higher on Friday, snapping a three-session losing streak, despite the broadly negative cues from Wall Street overnight. The Nikkei 225 is moving above the 42,650 level, with gains across all sectors led by automakers and financial stocks as domestic inflation data beat expectations.
RTTNews | 1小時54分鐘前
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian stock market is trading slightly lower on Friday, recouping some of the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying above the 9,000 mark, with weakness in technology and financial stocks partially offset by gains in mining and energy stocks.
RTTNews | 2小時17分鐘前
Swiss Market Ends Weak

Swiss Market Ends Weak

The Switzerland market ended modestly lower on Thursday after languishing in negative territory right through the day's trading session, as the mood remained cautious with investors looking ahead to speeches from central bank chiefs at Federal Reserve's Jackson Hole Symposium.
RTTNews | 10小時25分鐘前