CAC 40 Extends Gains Ahead Of US Presidential Debate

RTTNews | 294 days ago
CAC 40 Extends Gains Ahead Of US Presidential Debate

(RTTNews) - French stocks traded higher on Tuesday while the dollar edged lower ahead of the televised U.S. presidential debate later today and inflation readings due later in the week that could influence expectations for the interest rate outlook.

Upcoming ECB and Fed meetings also remained on investors' radar.

Analysts remain divided over whether the Federal Reserve would deliver a regular 25 basis point (bps) rate cut or an outsized 50 bps one at its Sept. 17-18 policy meeting. The benchmark CAC 40 was up 31 points, or 0.4 percent, at 7,456 after rallying 1 percent the previous day.

In corporate news, Capgemini soared 7 percent after Oracle beat on the top and bottom lines for the first quarter and announced it would bring database services to cloud infrastructure market leader Amazon Web Services.

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Mixed Sentiment In Asian Markets

Mixed Sentiment In Asian Markets

Sentiment in Asian markets remains mixed amidst uncertainty about U.S. tariffs that kept investor sentiment fragile.
RTTNews | 20 minutes ago
DAX Down Nearly 0.5% As Investors Eye Trade Talks

DAX Down Nearly 0.5% As Investors Eye Trade Talks

German stocks are down in negative territory on Tuesday with investors digesting the latest batch of regional economic data, and closely following news about negotiations with the U.S. ahead of a July 9 deadline for reciprocal tariffs.
RTTNews | 21 minutes ago
China Manufacturing Activity Returns To Growth

China Manufacturing Activity Returns To Growth

China's manufacturing sector returned to growth in June on higher new orders and a renewed rise in production, survey data from S&P Global showed on Tuesday. The Caixin manufacturing Purchasing Managers' Index rose to 50.4 in June from 48.3 in May. A reading above 50.0 indicates expansion. The survey showed that the growth was driven by a renewed expansion in manufacturing output.
RTTNews | 1h 12min ago
Sensex, Nifty Up Marginally In Cautious Trade

Sensex, Nifty Up Marginally In Cautious Trade

Despite paring some early gains, Indian shares are up in positive territory a little past noon on Tuesday with investors making cautious moves, closely monitoring the developments on the tariff front ahead of the July 9 deadline announced by the Trump administration, and awaiting quarterly earnings updates from big name companies.
RTTNews | 3h 4min ago
UK House Price Inflation Softens In June

UK House Price Inflation Softens In June

UK house prices logged a slower growth in June reflecting weaker demand after the increase in stamp duty at the start of April, data from the Nationwide Building Society showed on Tuesday. House prices advanced 2.1 percent year-on-year in June, slower than the 3.5 percent increase seen in May. House price growth was expected to moderate to 3.3 percent.
RTTNews | 3h 23min ago
European Economic News Preview: Eurozone Flash Inflation, Final PMI Due

European Economic News Preview: Eurozone Flash Inflation, Final PMI Due

Flash inflation and final factory Purchasing Managers' survey results from the euro area and unemployment from Germany are top economic news due on Tuesday. At 2.00 am ET, UK Nationwide house price data is due. Economists forecast house prices to grow 3.3 percent on a yearly basis, slower than the 3.5 percent increase in May.
RTTNews | 4h 34min ago