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CAC 40 Gains As Inflation Slows
(RTTNews) - French stocks advanced on Wednesday as data showed inflation in the country unexpectedly slowed in December from a record high in the previous month.
France's EU-harmonized inflation rate fell to 6.7 percent in December from 7.1 percent in November, INSEE said.
Meanwhile the final purchasing managers index (PMI) for France's services sector rose to 49.5 points in December, slightly up from 49.3 points in November.
The benchmark CAC 40 jumped 93 points, or 1.4 percent, to 6,712 after rising 0.4 percent on Tuesday.
Sanofi shares rose half a percent. The healthcare firm said it expects a boost from foreign exchange movements and flu vaccine sales in its fourth-quarterly results, due to be published next month.
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Australian Market Slashes Early Losses In Mid-market
The Australian stock market is slashing its early losses in mid-market trading on Monday, but extending the losses in the previous four sessions, despite the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying below the 8,850 level, with weakness in materials stocks partially offset by gains in energy, financial and technology stocks.
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2h 11min ago
Asian Markets Track Wall Street Higher
Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, as a temporary tariff truce materialized between the U.S. and China wherein China agreed to buy more U.S. energy. This gave fresh optimism about smooth trade relations between the two major oil consumers of the world. Asian markets closed mixed on Friday.
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2h 17min ago
Sensex, Nifty Likely To Open On Cautious Note
Indian shares look set to open on a subdued note Monday after having snapped their four-week winning streak last week due to profit taking after recent gains to record highs.
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2h 59min ago
China Manufacturing Sector Ebbs In October - RatingDog
The manufacturing sector in China continued to expand in October, albeit at a slower rate, the latest survey from RatingDog revealed on Monday with a manufacturing PMI score of 50.6.
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3h 34min ago
Thai Shares Tipped To Open To The Upside
The Thai stock market has moved lower in consecutive trading days, slumping more than 6 points or 0.5 percent along the way. The Stock Exchange of Thailand now sits just shy of the 1,310-point plateau although it's expected to open in the green on Monday.
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3h 36min ago
Indonesia Bourse Tipped To Erase Friday's Losses
The Indonesia stock market on Friday snapped the two-day winning streak in which it had picked up almost 100 points or 1.2 percent. The Jakarta Composite Index now sits just above the 8,160-point plateau, although it's likely to bounce higher again on Monday.
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4h 6min ago
Hong Kong Shares Due For Support On Monday
The Hong Kong stock market has moved lower in three consecutive trading days, surrendering more than 520 points or 2 percent along the way. The Hang Seng Index now rests just above the 25,900-point plateau although it's expected to open in the green on Monday.
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4h 21min ago
Australia Building Approvals Jump 12.0% In September
The total number of building permits issued in Australia was up a seasonally adjusted 12.0 percent on month in September, the Australian Bureau of Statistics said on Monday - coming in at 17,019.
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4h 22min ago
