CAC 40 Gains As Yields Slip Ahead Of Powell's Speech

RTTNews | 741 days ago
Stocktwits
CAC 40 Gains As Yields Slip Ahead Of Powell's Speech

(RTTNews) - French stocks advanced on Wednesday as Treasury yields declined after rising overnight on the back of upbeat U.S. economic data.

The euro was under mild pressure despite signs the European Central Bank will continue raising interest rates.

The results of the Fed's annual stress test of the banking industry along with speeches by Federal Reserve Chair Jerome Powell and other central bankers will be in focus later in the day.

The benchmark CAC 40 was up 48 points, or 0.7 percent, at 7,263 after rising 0.4 percent the previous day.

Supermarket chain Carrefour rallied 3.5 percent after Morgan Stanley initiated coverage with an "overweight" rating.

Banks BNP Paribas, Credit Agricole and Societe Generale were flat to slightly lower after recent strong gains.

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UK Stocks Turning In Mixed Performance In Cautious Trade

UK Stocks Turning In Mixed Performance In Cautious Trade

U.K. stocks are turning in a mixed performance Tuesday morning as investors are treading cautiously, keeping track of U.S. President Donald Trump's tariff plans and the potential risks to global economic growth.
RTTNews | 5h 25min ago
CAC 40 Slightly Lower In Lackluster Trade

CAC 40 Slightly Lower In Lackluster Trade

French stocks are slightly lower on Tuesday with investors making cautious moves while closely following the developments on the trade front.
RTTNews | 6h 12min ago
Australia Central Bank Unexpectedly Maintains Status Quo

Australia Central Bank Unexpectedly Maintains Status Quo

The Reserve Bank of Australia adopted a wait-and-see approach on Tuesday, defying expectations for a quarter-point rate cut but confirmed that an easing cycle is coming. The policy board, governed by Michele Bullock, decided to hold the cash rate target at 3.85 percent. A majority of six members voted to hold the rate, while three members sought a change from 3.85 percent.
RTTNews | 6h 23min ago
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