CAC 40 Inches Higher In Lackluster Trade

RTTNews | 1088 days ago
CAC 40 Inches Higher In Lackluster Trade

(RTTNews) - French stocks rose slightly on Monday despite inflation worries and global growth concerns.

ECB President Christine Lagarde is scheduled to address the European Parliament in Brussels later today, with investors awaiting more clues on the new crisis tool that would help prevent a disorderly blowout in borrowing costs in weaker eurozone countries.

Investors also await a congressional appearance by U.S. Federal Reserve Chair Jay Powell this week that could highlight the U.S. central bank's resolve to guide inflation back to the Fed's 2 percent target.

The benchmark CAC 40 edged up 20 points, or 0.3 percent, to 5,902 after finishing marginally lower on Friday.

Airplane maker Airbus SE advanced 1.3 percent on news it is in discussions with Qatar Airways to try to resolve a bitter legal and safety dispute over the A350 passenger jet.

Valneva shares jumped 18 percent after U.S. healthcare giant Pfizer agreed to invest 90.5 million euros ($95.24 million) to buy an 8.1 percent stake in the French specialty vaccines company.

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European Economic News Preview: UK GDP, Foreign Trade Data Due

European Economic News Preview: UK GDP, Foreign Trade Data Due

Monthly GDP, industrial production and foreign trade from the UK are due on Thursday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK GDP, industrial production and foreign trade figures. The economy is forecast to shrink 0.1 percent on a monthly basis in April, reversing a 0.2 percent rise in March.
RTTNews | 1h 59min ago
Sensex, Nifty Subdued In Cautious Trade

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RTTNews | 2h 15min ago
Australian Market Doubles Early Gains In Mid-market

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RTTNews | 2h 39min ago
Asian Markets Trade Mixed

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Asian stock markets are trading mixed on Thursday, following the broadly negative cues from Wall Street overnight, after US President Donald Trump said he and Chinese President Xi Jinping "are going to work closely together to open up China to American Trade." However, signs of escalating geopolitical tensions in the Middle East are weighing on market sentiment.
RTTNews | 3h 30min ago