CAC-40 Hovers Near Record High

RTTNews | 867 days ago
CAC-40 Hovers Near Record High

(RTTNews) - The CAC-40 traded close to the high of 7552 amidst the positive sentiment triggered by China's GDP surprise that lifted luxury shares.

The CAC-40 is currently trading at 7,537.65, adding 0.53 percent from the previous close. The day's trading has been between 7,509.00 and 7548.57.

Of the 40 scrips in the index, only 9 are trading in negative territory.

Societe Generale rallied 2.3 percent. BNB Paribas, Capgemini, Kering and Renault gained more than 1.5 percent.

Pernod Ricard shed 1.6 percent. Airbus and Danone lost more than half a percent.

Waning demand for the Dollar caused the EUR/USD pair to rise 0.45 percent to 1.0975 and the Dollar Index or DXY to drop 0.39 percent to 101.71.

The ten-year bond yield has decreased 0.86 percent to 2.954% versus the previous close of 2.979%.

read more
UK Mortgage Approvals Rise To 6-Month High

UK Mortgage Approvals Rise To 6-Month High

UK mortgage approvals increased to the highest in six months in July but secured lending decreased to a two month low, official data showed Monday. Mortgage approvals for house purchases, an indicator of future borrowing, rose by 800 to 65,400 in July, the Bank of England said. This was the highest total since January, when approvals hit 65,775. Approvals were forecast to drop to 64,000.
RTTNews | 48 minutes ago
Eurozone Manufacturing Growth At 38-Month High

Eurozone Manufacturing Growth At 38-Month High

The euro area manufacturing activity grew at the fastest pace in more than three years in August driven by a sharp rise in output and the renewed uptick in domestic demand, data published by S&P Global showed on Monday. The HCOB final manufacturing Purchasing Managers' Index improved to 50.7 in August from 49.8 in July. This was the first expansion in the currency bloc since June 2022. The flash
RTTNews | 1h 28min ago
CAC 40 Up Slightly In Cautious Trade

CAC 40 Up Slightly In Cautious Trade

French stocks are up slightly in cautious trade on Monday as the focus remains on the upcoming confidence vote on French Prime Minister Francois Bayrou's government. Investors, digesting the latest batch of regional economic data, are also awaiting the crucial U.S. non-farm payroll data due later in the week.
RTTNews | 2h 5min ago
DAX Advances; Pharma Stocks Among Notable Gainers

DAX Advances; Pharma Stocks Among Notable Gainers

The German market is modestly higher on Monday, as a U.S. appeals court ruling that many of Donald Trump's tariffs were illegal. Healthcare stocks are finding support after Danish pharma company Novo Nordisk's weight-loss drug Wegovy offered better heart-protective benefits than rival treatments from U.S.-based Eli Lilly.
RTTNews | 2h 35min ago
U.S. Dollar Falls Amid Rising Fed Rate Cut Bets

U.S. Dollar Falls Amid Rising Fed Rate Cut Bets

The U.S. dollar weakened against other major currencies in the late Asian session on Monday, due to growing speculation that the U.S. Federal Reserve (Fed) may lower interest rates at its September meeting.
RTTNews | 3h 13min ago