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.
FTSE 100 Down Sharply As Bond Yields Climb Higher
CAC 40 Sheds About 1.3% On Economic Concerns
DAX Down Over 1% On Economic Worries; Allianz, Siemens Energy Up Sharply On Earnings
Sensex, Nifty End Choppy Session Marginally Higher
European Shares Extend Losses On Economic Concerns
China Industrial Output, Retail Sales Growth Eases
Asian Shares Follow Wall Street Lower Amid Tech Valuation Concerns
