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CAC-40 Gains As Sentiment Improves Globally
(RTTNews) - CAC-40 is trading more than a percent higher than the levels on Friday as sentiment improved globally amidst strong expectations that the expected dip in Consumer Price inflation in the U.S. would goad the Fed into a more dovish monetary policy stance. Inflation readings from the U.S. are due on Tuesday. The Euro meanwhile appreciated against the Dollar as the ECB moved to a more hawkish monetary policy stance.
The CAC-40 is currently trading at 6,295.44, up 1.34 percent from Friday's close. The day's trading has been between 6,224.51 and 6,299.17.
Alstom is the top gainer with a 4.2 percent uptick. Arcelormittal and Renault have both gained more than 3 percent in the day's trade. Airbus and Stellantis have both added more than 2 percent. Only Dassault Systemes is trading in the red zone.
Total Energies which gained 1.5 percent is the most active scrip with a turnover of 64 million.
The EUR/USD pair is at 1.0132, gaining almost 1 percent overnight amidst the US Dollar Index weakening 0.69 percent to 108.26.
The ten-year bond yield has decreased 1.74 percent to 2.234 percent versus 2.273 percent on Friday.
Fed Leaves Interest Rates Unchanged, Warns Of Higher Unemployment, Inflation.
Swiss Franc Rises Against Majors
Swiss Market Ends Nearly 1% Down
Major European Markets Close On Weak Note After Cautious Session
Canadian Stocks Up Firmly In Positive Territory
German Factory Orders Rebound Ahead Of U.S. Tariffs
Bay Street Likely To Open Higher
