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CAC 40 Edges Higher As European Commission Sees Stronger Growth
(RTTNews) - French stocks were moving higher on Monday ahead of a busy week of earnings, economic data releases and speeches by Federal Reserve officials.
The euro was trading higher after the European Commission, the executive arm of the EU, said that Eurozone economic growth will be faster than previous forecast this year and next.
In its regular forecast for the 20 countries that share the euro, the EU executive also raised its forecasts for inflation in the region and warned of tighter financing conditions.
The benchmark CAC 40 was up 33 points, or 0.4 percent, at 7,447 after gaining half a percent on Friday.
Insurer Axa jumped 2.6 percent after reporting a rise in Q1 gross written premiums.
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Dollar Extends Losses As Markets Cling On To Fed Cut Hopes
The Dollar extended losses during the week ended August 15 amidst strong Fed rate cut expectations, benign consumer price growth, easing geopolitical concerns as well as fading concerns about trade tariff uncertainty.
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15 minutes ago
U.S. Homebuilder Confidence Edges Slightly Lower In August
The National Association of Home Builders released a report on Monday showing a modest deterioration by U.S. homebuilder confidence in the month of August. The report said the NAHB/Wells Fargo Housing Market Index edged down to 32 in August after inching up to 33 in July. Economists had expected the index to come in unchanged.
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26 minutes ago
Indian Rupee Rises To 2-week High On GST Reforms Push
The Indian rupee strengthened against the U.S. dollar in the European session on Monday, after Prime Minister Narendra Modi unveiled plans of the biggest tax overhaul since 2017 over the weekend, boosting stocks across sectors like auto, financial, real estate, consumer and cement.
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2h 12min ago
Canadian Market May Open Slightly Weak
Lower Canadian and U.S. futures and weak European markets point to a slightly negative start on Bay Street Monday morning. Firm commodity prices might help limit market's downside.
The focus will be on the meeting between U.S. President Donald Trump and several European leaders, including Ukrainian President Volodymyr Zelenskiy later in the day.
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2h 47min ago
FTSE 100 Slips After Positive Start, Down Marginally
After a modest upmove in early trades, the U.K. market retreated on Monday with investors turning cautious, focusing on the upcoming meeting between U.S. President Donald Trump and several European leaders, after the Trump-Putin summit failed to result in any breakthrough to end the war in Ukraine.
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3h 27min ago
DAX Drifts Lower; Financials Stocks Among Major Losers
After four successive days of gains, the French market is exhibiting weakness on Monday as investors make cautious moves, focusing on the meeting between several European leaders and the U.S. President Donald Trump, after the recent Trump-Putin Summit failed to result in any breakthrough to end the war in Ukraine.
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3h 52min ago
DAX Down In Negative Territory In Cautious Trade
German stocks are down in negative territory on Monday with investors focusing on the upcoming meeting between U.S. President Donald Trump and several European leaders, including Ukrainian President Volodymyr Zelenskyy, after the Trump-Putin summit failed to achieve a breakthrough on halting the war in Ukraine.
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4h 11min ago
Sensex, Nifty Rally On GST Reforms Push
Indian shares rose sharply on Monday after Prime Minister Narendra Modi unveiled plans of the biggest tax overhaul since 2017 over the weekend, boosting stocks across sectors like auto, financial, real estate, consumer and cement.
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4h 21min ago
