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CAC 40 Edges Higher As European Commission Sees Stronger Growth
(RTTNews) - French stocks were moving higher on Monday ahead of a busy week of earnings, economic data releases and speeches by Federal Reserve officials.
The euro was trading higher after the European Commission, the executive arm of the EU, said that Eurozone economic growth will be faster than previous forecast this year and next.
In its regular forecast for the 20 countries that share the euro, the EU executive also raised its forecasts for inflation in the region and warned of tighter financing conditions.
The benchmark CAC 40 was up 33 points, or 0.4 percent, at 7,447 after gaining half a percent on Friday.
Insurer Axa jumped 2.6 percent after reporting a rise in Q1 gross written premiums.
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China Economic Data Disappoints
China's industrial production, retail sales and fixed asset investment registered weaker-than-expected growth in July, strengthening calls for further policy support to rebalance the economy towards consumption. Industrial production grew 5.7 percent in July from a year ago, following June's 6.8 percent increase, the National Bureau of Statistics reported Friday.
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37 นาทีที่ผ่านมา
Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Friday.
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50 นาทีที่ผ่านมา
NZ Dollar Falls On Soft China Data
The New Zealand dollar weakened against other major currencies in the Asian session on Friday, after China's industrial production and retail sales logged slower growth in July.
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1 ชม. 15 นาทีที่ผ่านมา
NZ Dollar Falls Against Majors
The New Zealand dollar weakened against other major currencies in the Asian session on Friday.
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2 ชม. 3 นาทีที่ผ่านมา
European Shares Seen Tad Higher As World Braces For Alaska Talks
European stocks are seen opening higher on Friday after the S&P 500 index closed at a new record high for the third consecutive day overnight despite concerns about slowing consumer spending.
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3 ชม. 12 นาทีที่ผ่านมา
Australian Market Extends Early Gains In Mid-market
The Australian stock market is extending its early gains in mid-market moves on Friday, adding the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,900 level, with gains across most sectors led by energy and technology stocks.
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5 ชม. 25 นาทีที่ผ่านมา
Asian Markets Trade Mixed
Asian stock markets are trading mixed on Friday, following the mixed cues from Wall Street overnight, as hotter-than expected US producer price inflation data and a resilient US labor market softened expectations of a higher interest rate cut by the US Fed in September. Traders also remain cautious ahead of the crucial U.S.-Russia talks to end the ongoing three-plus-year Russia-Ukraine war.
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6 ชม. 1 นาทีที่ผ่านมา
Indian Markets Closed For Independence Day
Indian markets remain closed today as the nation marks its 78th Independence Day.
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6 ชม. 17 นาทีที่ผ่านมา
