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CAC 40 Down Slightly In Lackluster Trade
(RTTNews) - French stocks are down slightly in lackluster trade on Monday with investors refraining from making significant moves as they await the high-level trade talks between U.S. and Chinese officials in London later in the day.
The benchmark CAC 40 was down 8.00 points or 0.1% at 7,796.87 a few minutes ago.
Thales is down 1.4% and Schneider Electric is lower by about 1.1%. Safran, Sanofi, Societe Generale, Michelin, Vinci, Hermes International and Saint Gobain are down 0.3 to 0.7%.
Kering is climbing more than 2.7% and Pernod Ricard is gaining 2.5%. Teleperformance is up 1.5% and Renault is advancing 1.05%.
LVMH, Dassault Systemes, Carrefour, Unibail Rodamco, Essilor, Edenred and STMicroElectronics are up 0.3 to 1%.
The U.S.-China discussions will aim to resolve some major trade disputes between the two major economies. Treasury Secretary Scott Bessent leads the U.S. delegation in the high-level trade talks.
The meeting happens following last week's direct phone call between U.S. President Donald Trump and Chinese President Xi Jinping.
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Malaysia Bourse Likely To Remain Rangebound
The Malaysia stock market has moved lower in two of three trading days since the end of the two-day winning streak in which it had gained almost 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just above the 1,515-point plateau and it's expected to remain in that neighborhood again on Tuesday.
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Japan Shares May See Continued Support On Wednesday
The Japan stock market has finished higher in three straight sessions, climbing more than 650 points or 1.9 percent along the way. The Nikkei 225 now sits just above the 38,210-point plateau and it may add to its winnings again on Wednesday.
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KOSPI May Challenge Resistance At 2,900 Points
The South Korea stock market has finished higher in five straight sessions, collecting more than 175 points or 6.4 percent along the way. The KOSPI now rests just above the 2,870-point plateau and it's tipped to open in the green again on Wednesday.
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Japan Producer Price Data Due On Wednesday
Japan will on Tuesday release May figures for producer prices, highlighting a light day for Asia-Pacific economic activity. In April, producer prices were up 0.2 percent on month and 4.0 percent on year.
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1j 52min yang lalu
Gold Dips As US-China Trade Talks Continue
Gold prices dipped on Tuesday, ahead of US inflation report and ongoing US-China official talks, which is now the focus of investors from all over the world.
Front Month Comex Gold for June delivery lost $11.20 (or 0.34%) to $3320.90 per troy ounce on Tuesday.
Front Month Comex Silver for June delivery lost $14.60 cents (or 0.40%) to $36.542 today.
The much-anticipated high-level trade talks between the world's two largest economies, U.S. and China, began on Monday in London and continued for the second day today.
On the economic data front, the US Labor Department will release Consumer Price Index (CPI) data on Wednesday, which may help to determine the Federal Reserve's monetary policy before the Fed's June 17-18 meeting.
Meanwhile, the World Bank, in its biannual Global Economic Prospects, has cut the global growth forecast to 2.3% from 2.7% for the current year citing "trade barriers" as a reason behind the global slowdown.
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3j 39min yang lalu
Crude Oil Prices Fade As US-China Talks Progress
Crude oil prices were down on Tuesday amidst uncertainty over trade talks between China and the United States continued, although the outcome remains uncertain.
WTI oil closed down by $0.31 to settle at $64.98 per barrel. August Brent crude was last seen down by $0.03 to $67.01.
To ease the standstill created by the reciprocal tariffs imposed by U.S. President Donald Trump and China, high-level officials from both nations convened at London on Monday to discuss steps to soften the conflict.
As the talks went on for the second day today, Trump told reporters at the White House that the talks were "going well" and that he was "only getting good reports." While U.S. Treasury Secretary Scott Bessent described Monday's talks as "good meeting," the Commerce Secretary Howard Lutnick called them as "fruitful."
On the geopolitical front, however, Russia showed no sign of relenting on its war with Ukraine and continued its attacks.
Limiting the downside, the U.S. Energy Information Administration has reported today that US crude oil production is likely to decline over the next 18 months - while the approach of the summer driving season is also good news.
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3j 45min yang lalu
Canadian Dollar Appreciates Amid Risk Appetite
The Canadian dollar climbed against its major counterparts in the New York session on Tuesday, as investors monitored trade talks between the U.S. and China that continued for a second day.
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4j 25min yang lalu
Swiss Market Ends Marginally Down
Save for a very brief while at the start, the Switzerland market stayed weak on Tuesday as investors refrained from making significant moves, choosing to wait for directional clues.
Investors awaited the outcome of the high-level trade discussions between U.S. and Chinese officials in London.
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5j 50min yang lalu
