CAC 40 Struggles For Direction In Early Trade

RTTNews | 564 days ago
CAC 40 Struggles For Direction In Early Trade

(RTTNews) - French stocks were little changed in lacklustre trade on Friday in the absence of Wall Street cues.

The euro strengthened and regional bond yields edged higher after Bundesbank President Joachim Nagel said the European Central Bank must resist any temptation to cut interest rates early.

Nagel also said he was "skeptical" about the risk of a 'hard landing' for the euro zone economy caused by the monetary policy squeeze.

The benchmark CAC 40 was marginally lower at 7,276 after closing up 0.2 percent the previous day.

Forvia rose 1.4 percent after Barclays upgraded shares of the automotive parts maker to "overweight".

China-related LVMH, Hermes and Kering were moving lower after Chinese wealth manager Zhongzhi Enterprise Group told investors it is heavily insolvent with up to $64 billion in liabilities.

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Australia NAB Business Conditions Ease; Confidence Improves

Australia NAB Business Conditions Ease; Confidence Improves

Australian business conditions eased in May amid ongoing profitability pressures and soft demand, while business confidence improved from the last month, survey data from NAB showed on Tuesday. A monthly survey conducted by Westpac showed that consumer confidence rose moderately in June, underpinned by interest rate cut and softening inflation.
RTTNews | 1h 19min ago
European Economic News Preview: UK Unemployment Data Due

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RTTNews | 2h 16min ago
Australian Market Doubles Early Gains In Mid-market

Australian Market Doubles Early Gains In Mid-market

The Australian stock market is doubling its early gains in mid-market trading on Tuesday, reversing some of the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,600 level, with gains in iron ore miners, financial, technology and energy stocks partially offset by weakness in gold miners.
RTTNews | 3h 3min ago
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, following the mixed cues from Wall Street overnight, amid easing trade war tensions between the US and China after the two superpowers began high-level trade talks in London, with negotiations expected to continue on Tuesday. The tariff war between the two countries has already rattled the global economy.
RTTNews | 3h 45min ago
Sensex, Nifty Seen Higher At Open As Sino-US Talks Continue

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Indian shares look set to open on a positive note Tuesday as top officials from the U.S. and China continue their trade talks for a second day today to resolve their differences and ease tensions over rare-earth minerals and technology shipments.
RTTNews | 4h 12min ago
Thai Bourse May Extend Losing Streak

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RTTNews | 4h 43min ago