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CAC 40 Extends Gains As China Cuts Rates To Boost Growth
(RTTNews) - French stocks rose on Tuesday to extend gains from the previous session on hopes that U.S. inflation data later in the day would likely show an easing in prices in May, and that the Federal Reserve would resist raising rates at the end of a two-day policy meeting on Wednesday.
The benchmark CAC 40 was up 36 points, or half a percent, at 7,286 after gaining half a percent the previous day.
China-exposed luxury giant LVMH and Hermes International both rallied around 1.3 percent after the People's Bank of China (PBOC) cut its seven-day reverse repo rate by 10 basis points in a bid to restore market confidence and prop up slowing economic growth.
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Pound Rises Against Most Majors
The pound advanced against its most major counterparts in the New York session on Monday.
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2j 39min yang lalu
TSX Remains Firmly Up Despite Coming Off Early Highs
The Canadian market remains in positive territory Monday afternoon as the mood remains fairly bullion amid easing concerns about tariffs following China and U.S. agreeing on a trade deal.
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4j 12min yang lalu
Swiss Market Ends On Bright Note As Stocks Rally On Late Buying
The Switzerland market, which faltered after a marginal upmove at the start and stayed sluggish till well past noon on Monday, climbed higher in late afternoon trade with stocks from across several sectors attracting buyers.
News about China and the U.S. agreeing on a trade deal, and the resultant buoyancy in major European markets lifted sentiment in the Swiss market as well.
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4j 42min yang lalu
European Markets Close On Strong Note As U.S.-China Trade Deal Lifts Sentiment
European stocks closed on a firm note on Monday, with the German market hitting a new record high, and the French market climbing to a six-week high, as the mood remained quite bullish across the region as the U.S. and China agreed on a trade deal over the weekend.
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5j 11min yang lalu
Dollar Extends Gains As Trade Tensions Ease
It was another positive week for the greenback as easing trade tensions and hopes of a deal with China helped the U.S. Dollar build on gains made in the previous week.
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7j 35min yang lalu
Fox Q3 Profit Down, Revenues Climb, Both Ahead Of Market; Stock Gains
Media firm Fox Corp. reported Monday weak earnings in its third quarter on higher expenses, while revenues were higher, benefited mainly by advertising revenue growth of 65 percent, primarily due to the impact of Super Bowl LIX. Adjusted earnings and top line beat market estimates. In pre-market activity on the Nasdaq, the FOX shares were gaining around 3.8 percent.
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9j 16min yang lalu
Bay Street Likely To Open On Firm Note
The Canadian market is likely to open with a strong positive gap on Monday, tracking gains in global markets amid easing tariff concerns following China and the U.S. striking a deal over the weekend.
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9j 39min yang lalu
U.S., China Reach Agreement To Slash Tariffs
Following closely watched meetings over the weekend in Geneva, Switzerland, the U.S. and China have announced an agreement to drastically reduce tariffs on each other's goods. The White House said the agreement calls for the U.S. and China to each lower tariffs by 115 percent while retaining an additional 10 percent tariff.
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10j 16min yang lalu
