CAC 40 Gains Despite Concerns Over Trump's Proposed Tariffs

RTTNews | 304 days ago
CAC 40 Gains Despite Concerns Over Trump's Proposed Tariffs

(RTTNews) - French stocks were sharply higher on Monday despite increased uncertainty resulting from Donald Trump's decisive victory in the U.S. presidential election.

Investors remain apprehensive about how Trump's second presidency will impact EU policy from energy and trade to finance and defense.

The benchmark CAC 40 was up 93 points, or 1.3 percent, at 7,432 after losing 1.2 percent on Friday.

The single European currency fell marginally below the level of 1.07 at the opening of the new week as Trump edged closer to securing full control of the U.S. Congress.

China-related luxury firms LVMH, Kering and Hermes International all rose about 1 percent after China announced a five-year package totaling 10 trillion yuan ($1.4 trillion) to tackle local government debt problems.

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Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending its early gains in mid-market moves on Friday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level, with gains across most sectors led by mining and technology stocks. Energy stocks were the only weak spot.
RTTNews | 24 minutes ago
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Friday, following the broadly positive cues from Wall Street overnight, as weaker than expected U.S. consumer price inflation and producer price inflation data as well as recent downbeat monthly jobs data have reinforced expectations of a US Fed rate cut at next week's meeting. Asian markets ended mixed on Thursday.
RTTNews | 47 minutes ago
Higher Open Called For Thai Stock Market

Higher Open Called For Thai Stock Market

The Thai stock market has moved higher in five straight sessions, adding more than 35 points or 2.9 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,290-point plateau and it's expected to extend its gains on Friday.
RTTNews | 1h 47min ago
Indonesia Shares Tipped To Open In The Green

Indonesia Shares Tipped To Open In The Green

The Indonesia stock market has moved higher in consecutive trading days, advancing almost 120 points or 1.5 percent in that span. The Jakarta Composite Index now rests just beneath the 7,750-point plateau and it's likely to open to the upside again on Friday.
RTTNews | 2h 17min ago
Japanese Market Notably Higher

Japanese Market Notably Higher

Extending the gains in the previous two sessions, the Japanese market is notably higher on Friday, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 44,600 level, with gains in automakers, financial and technology stocks.
RTTNews | 2h 26min ago
Hong Kong Bourse May Reverse Thursday's Losses

Hong Kong Bourse May Reverse Thursday's Losses

The Hong Kong stock market on Thursday ended the four-day winning streak in which it had climbed almost 1,250 points or 4.9 percent. The Hang Seng Index now sits just above the 26,080-point plateau although it figures to find renewed support on Friday.
RTTNews | 2h 32min ago
China Shares Tipped To Open To The Upside On Friday

China Shares Tipped To Open To The Upside On Friday

The China stock market has tracked higher in two straight sessions, rising almost 70 points or 2 percent in that span. The Shanghai Composite Index now sits just above the 3,875-point plateau although it may see additional support on Friday.
RTTNews | 2h 47min ago