CAC 40 Inches Higher In Cautious Trade

RTTNews | 531 days ago
Stocktwits
CAC 40 Inches Higher In Cautious Trade

(RTTNews) - French stocks crept higher in cautious trade on Thursday ahead of a long Easter holiday weekend.

Major European markets will be shut for two days on Friday and Monday to celebrate Easter.

The benchmark CAC 40 was up 21 points, or 0.3 percent, at 8,226 after gaining 0.3 percent the previous day.

A decline in the euro to parity with the dollar beckoned ahead of critical U.S. inflation data release and Fed Chair Jerome Powell's speech on Friday.

Renault rose about 1 percent. Following a share buyback program announced by Nissan on March 27, Renault Group sold 99.13 million shares back to Nissan, or about 2.5 percent of Nissan's capital amounting to 358 million euros.

Casino shares plummeted 63 percent as the retailer announced the effective completion of its financial restructuring.

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Asian Markets Close Higher

Asian Markets Close Higher

Asian markets finished trading on a positive note, tracking the Wall Street rally on Tuesday.
RTTNews | 15 minutes ago
DAX Slips After Positive Start

DAX Slips After Positive Start

After opening on a positive note amid continued optimism about an interest rate cut by the Federal Reserve, the German market pared its gains and slipped into negative territory on Wednesday, with the mood turning cautious as investors await the crucial U.S. inflation data due later in the week, and the European Central Bank's monetary policy announcement on Thursday.
RTTNews | 37 minutes ago
Antipodean Currencies Rise Amid Risk-on Mood

Antipodean Currencies Rise Amid Risk-on Mood

The antipodean currencies such as the Australia and the New Zealand dollars strengthened against other major currencies in the Asian session on Wednesday, amid growing optimism about the outlook for interest rates after sharp downward revisions in U.S. jobs data and ahead of the release of the closely watched US inflation data later in the week. Currencies in the region also strengthened against the US dollar.
RTTNews | 1h 33min ago
China Falls Back Into Deflation; PPI Continues To Decline

China Falls Back Into Deflation; PPI Continues To Decline

China's consumer prices declined more than expected in August on weaker demand and producer prices continued to fall, strengthening calls for more actions to bolster domestic consumption amid slowing exports growth. The consumer price index dropped 0.4 percent from a year ago after remaining flat in July, the National Bureau of Statistics reported Wednesday. Prices were expected to fall 0.2 perc
RTTNews | 2h 24min ago
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