CAC 40 Gains As Cyclicals Rebound

RTTNews | 1067 days ago
Stocktwits
CAC 40 Gains As Cyclicals Rebound

(RTTNews) - French stocks rose notably on Friday despite mounting concerns over Europe's energy crisis and slowing growth momentum in the global economy.

Traders remained focused on a key U.S. jobs report due later in the day that would provide additional clues on the pace of future rate rises in the United States.

The European Central Bank announces its interest-rate decision next week, with analysts expecting a 75-bps hike.

The benchmark CAC 40 rose 52 points, or 0.9 percent, to 6,086 after declining 1.5 percent in the previous session.

Industrial gases company Air Liquide Group fell about 1 percent. The company confirmed its intention to withdraw from Russia.

Economy-sensitive stocks were gaining ground, with automaker Renault climbing nearly 2 percent.

Banks BNP Paribas, Credit Agricole and Societe Generale rallied 1-2 percent.

Stocktwits
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Japan Services PMI Picks Up Steam In July - Jibun

Japan Services PMI Picks Up Steam In July - Jibun

The services sector in Japan continued to expand in July, and at a faster pace, the latest survey from Jibun Bank revealed on Tuesday with a services PMI score of 53.6.
RTTNews | 34 minutes ago
Taiwan Bourse May Find Traction On Tuesday

Taiwan Bourse May Find Traction On Tuesday

The Taiwan stock market has moved lower in back-to-back sessions, slumping more than 270 points or 1.2 percent along the way. The Taiwan Stock Exchange now sits just beneath the 23,380-point plateau although it may stop the bleeding on Tuesday.
RTTNews | 39 minutes ago
BoJ Minutes: Japan Economy Continues To Recover

BoJ Minutes: Japan Economy Continues To Recover

Members of the Bank of Japan's Monetary Policy Board felt that the country's economic recovery is continuing at an acceptable pace, minutes from the central bank's June 16-17 monetary policy meeting revealed on Tuesday - although it is starting to show signs of slowing.
RTTNews | 1h 8min ago
Singapore Shares Poised To Open To The Upside On Tuesday

Singapore Shares Poised To Open To The Upside On Tuesday

The Singapore stock market on Monday halted the six-day losing streak in which it had stumbled almost 120 points or 2.9 percent. The Straits Times Index now sits just beneath the 4,200-point plateau and it may extend its gains on Tuesday.
RTTNews | 1h 9min ago
Renewed Support Likely For Malaysia Stock Market

Renewed Support Likely For Malaysia Stock Market

The Malaysia stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day losing streak in which it had fallen more than 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just above the 1,525-point plateau although it's likely to bounce higher again on Tuesday.
RTTNews | 1h 39min ago
Japan Stock Market May Stop The Bleeding On Tuesday

Japan Stock Market May Stop The Bleeding On Tuesday

The Japan stock market has moved lower in two straight sessions, tumbling almost 780 points or 1.8 percent along the way. The Nikkei 225 now sits just shy of the 40,300-point plateau although it's due for support on Tuesday.
RTTNews | 1h 54min ago
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