CAC-40 Declines From Friday's High

RTTNews | 612 days ago
CAC-40 Declines From Friday's High

(RTTNews) - The CAC-40 slipped from Friday's peak amidst a weak sentiment across major European markets. Anxiety ahead of the release of the minutes of the recent proceedings of the monetary policy review meetings of Federal Reserve and ECB, swayed sentiment.

The CAC-40 is currently trading at 7,746.84, shedding 0.27 percent from the previous close of 7,768.18. The day's trading has been between 7,752.58 and 7,727.96.

Only 13 of the 40 scrips in the index are currently trading in positive territory. Credit Agricole topped with gains of 1.1 percent. Publicis Groupe and BNB Paribas have both added more than half a percent.

Thales plunged more than 4 percent following a downgrade for the stock from a brokerage. Arcelor Mittal and Alstom have both shed more than 2 percent. Legrand, STMicroelectronics, Saint Gobain, Vivendi and Airbus are the other laggards with declines of more than a percent.

The EUR/USD pair has gained 0.05 percent to 1.0779. This comes amidst the Dollar Index slipping 0.08 percent to 104.21, versus 104.30 a day earlier.

In line with the uptick in global bond yields on Monday, yields on France's ten-year bonds have edged up 0.03 percent to 2.877%. The yield was at 2.876 percent a day earlier.

read more
Yen Falls After Takaichi Elected As Japan PM

Yen Falls After Takaichi Elected As Japan PM

The Japanese yen weakened against other major currencies in the Asian session on Thursday, as traders expect that the incoming prime minister, Sanae Takaichi, would support accommodating monetary policy and pursue expansionary fiscal policies.
RTTNews | 28 minutes ago
Bank Of Korea Holds Rate At 2.50%

Bank Of Korea Holds Rate At 2.50%

The Bank of Korea retained its interest rate on Thursday as inflation remained stable and economic growth continued to improve amid rising concerns over the heated property market. The Monetary Policy Board of the Bank of Korea decided to leave the Base Rate unchanged at 2.50 percent. The central bank had previously lowered the benchmark rate by a quarter-point each in May and February.
RTTNews | 1h 17min ago
European Economic News Preview: French Business Confidence Data Due

European Economic News Preview: French Business Confidence Data Due

Business sentiment from France and industrial trends survey from the UK are the top economic news due on Thursday. At 2.45 am ET, France's statistical office INSEE is scheduled to issue business confidence survey data is due. The manufacturing sentiment index is forecast to remain unchanged at 96 in October.
RTTNews | 2h 50min ago
European Shares Seen Lower With US-China Tensions In Focus

European Shares Seen Lower With US-China Tensions In Focus

European stocks are seen opening a tad lower on Thursday after reports emerged that the Trump administration is considering a plan to curb a dizzying array of software-powered exports to China, stoking fresh trade tensions.
RTTNews | 3h 6min ago
Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Thursday.
RTTNews | 3h 12min ago
Sensex, Nifty Open On Buoyant Note Amid Trade Deal Hopes

Sensex, Nifty Open On Buoyant Note Amid Trade Deal Hopes

Indian shares opened on a buoyant note on Thursday after reports suggested that India and the United States are close to finalizing a long-awaited bilateral trade deal that could sharply lower tariffs on Indian exports to about 15-16 percent from the current average of 50 percent.
RTTNews | 4h 14min ago
Australian Market Swings To Modest Gains In Mid-market

Australian Market Swings To Modest Gains In Mid-market

The Australian market is swinging to modest gains in mid-market moves on Thursday, reversing some of the losses in the previous two sessions, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well above the 9,000 mark, with gains in gold miners and energy stocks partially offset by weakness in iron ore miners, financial and technology stocks.
RTTNews | 5h 11min ago
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian markets are trading mostly higher on Thursday, despite the broadly negative cues from Wall Street overnight, amid optimism about the outlook for interest rates as markets are pricing in another rate cut by the U.S. Fed at its upcoming October 28-29 monetary policy meeting, despite the absence of vital data to gauge the trajectory of the economy. Asian markets closed mostly lower on Wednesday
RTTNews | 5h 19min ago