CAC 40 Edges Higher In Cautious Trade

RTTNews | 1026 days ago
CAC 40 Edges Higher In Cautious Trade

(RTTNews) - French stocks opened on a positive note Monday after comments from several Federal Reserve officials last week suggested the U.S. central bank is set to slow the pace of its interest rate increases going forward.

Investors were also reacting to data showing that air travel in China has returned to January 2019 levels ahead of the important Lunar New Year holidays.

The benchmark CAC 40 was up 0.2 percent at 7,012 after rising 0.6 percent on Friday. Aerospace major Airbus SE was modestly higher. The company is planning to spin off its Zephyr, a series of solar powered high-altitude surveillance and communications drone program, with the intention of creating a standalone telecoms and earth observation business that will start commercial operations by the end of next year, Financial Times reported.

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China Industrial Output, Retail Sales Growth Eases

China Industrial Output, Retail Sales Growth Eases

China industrial production and retail sales grew at weaker rates in October and investment downturn deepened as economic activity weakened towards the end of the year. Industrial production logged an annual growth of 4.9 percent in October, the National Bureau of Statistics said Friday. This followed September's 6.5 percent expansion.
RTTNews | 1h 27min ago
NZ Dollar Rises After China Economic Data

NZ Dollar Rises After China Economic Data

The New Zealand dollar strengthened against other major currencies in the Asian session on Friday, following the release of the China retail sales and industrial production data in October.
RTTNews | 2h 10min ago
NZ Dollar Rises Against Majors

NZ Dollar Rises Against Majors

The New Zealand dollar strengthened against other major currencies in the Asian session on Friday.
RTTNews | 2h 57min ago
European Economic News Preview: Eurozone GDP Data Due

European Economic News Preview: Eurozone GDP Data Due

Flash GDP estimate and foreign trade from the euro area and final inflation figures from France are due on Friday, headlining a light day for the European economic news. At 2.45 am ET, France's statistical office INSEE publishes final inflation data for October. According to flash estimate, consumer price inflation eased to 1.0 percent from 1.2 percent in September.
RTTNews | 4h 27min ago
Indian Shares Follow Global Peers Lower

Indian Shares Follow Global Peers Lower

Indian shares opened lower on Friday, mirroring weak cues from global markets as uncertainty persists over Federal Reserve interest-rate cuts and stretched valuations in technology stocks.
RTTNews | 5h 37min ago
Australian Market Maintains Early Sharp Losses In Mid-market

Australian Market Maintains Early Sharp Losses In Mid-market

The Australian stock market is maintaining its early sharp losses in mid-market moves on Friday, extending the losses in the previous three sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,650 level, with weakness across all sectors led by mining and technology stocks.
RTTNews | 6h 55min ago