CAC 40 Rebounds As Italy Eases Stance On Windfall Tax

RTTNews | 729 일 전
CAC 40 Rebounds As Italy Eases Stance On Windfall Tax

(RTTNews) - French stocks traded sharply higher on Wednesday, with banks rebounding from the previous session's losses after the Italian government clarified that the new windfall tax on banks would not amount to more than 0.1 percent of their assets.

Investors also shrugged off weak inflation data from China as concerns about deflation risks and problems at Country Garden, once China's largest developer, increased calls for more stimulus.

The benchmark CAC 40 jumped 112 points, or 1.5 percent, to 7,381 after falling 0.7 percent the previous day.

The euro edged up against the dollar ahead of U.S. inflation readings this week that might influence the Fed's rate trajectory.

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

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Australian Market Notably Lower

Australian Market Notably Lower

The Australian stock market is trading notably lower on Friday, extending the slight losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,800 level, with weakness in energy, financial and technology stocks partially offset by gains in mining stocks.
RTTNews | 13 분 전
Rally May Stall For China Stock Market

Rally May Stall For China Stock Market

The China stock market has tracked higher in four straight sessions, gathering almost 80 points or 2.4 percent along the way. The Shanghai Composite Index now sits just beneath the 3,640-point plateau although it may run out of steam on Friday.
RTTNews | 18 분 전
Taiwan Stock Market May Hand Back Thursday's Gains

Taiwan Stock Market May Hand Back Thursday's Gains

The Taiwan stock market has moved higher in two of three trading days since the end of the two-day losing streak in which it had slipped more than 270 points or 1.2 percent. The Taiwan Stock Exchange now sits just above the 24,000-point plateau although it's likely to turn lower again on Friday.
RTTNews | 48 분 전
Singapore Bourse Due For Profit Taking On Friday

Singapore Bourse Due For Profit Taking On Friday

The Singapore stock market has climbed higher in four straight sessions, gathering more than 100 points or 2.4 percent along the way. The Straits Times Index now sits just beneath the 4,260-point plateau although investors may lock in gains on Friday.
RTTNews | 1 시간 18 분 전
Japan Household Spending Slumps 5.2% In June

Japan Household Spending Slumps 5.2% In June

The average of household spending in Japan was down a seasonally adjusted 5.2 percent on month in June, the Ministry of Internal Affairs and Communications aid on Friday - coming in at 316,085 yen.
RTTNews | 1 시간 42 분 전
Malaysia Stock Market May Be Stuck In Neutral On Friday

Malaysia Stock Market May Be Stuck In Neutral On Friday

The Malaysia stock market has moved higher in three straight sessions, collecting more than 20 points or 1.5 percent along the way. The Kuala Lumpur Composite Index now sits just beneath the 1,550-point plateau although it's due for consolidation on Friday.
RTTNews | 1 시간 48 분 전