CAC 40 Gains Despite Concerns Over Trump's Proposed Tariffs

RTTNews | 304 days ago
CAC 40 Gains Despite Concerns Over Trump's Proposed Tariffs

(RTTNews) - French stocks were sharply higher on Monday despite increased uncertainty resulting from Donald Trump's decisive victory in the U.S. presidential election.

Investors remain apprehensive about how Trump's second presidency will impact EU policy from energy and trade to finance and defense.

The benchmark CAC 40 was up 93 points, or 1.3 percent, at 7,432 after losing 1.2 percent on Friday.

The single European currency fell marginally below the level of 1.07 at the opening of the new week as Trump edged closer to securing full control of the U.S. Congress.

China-related luxury firms LVMH, Kering and Hermes International all rose about 1 percent after China announced a five-year package totaling 10 trillion yuan ($1.4 trillion) to tackle local government debt problems.

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New Zealand Retail Card Sales Data Due On Friday

New Zealand Retail Card Sales Data Due On Friday

New Zealand will on Friday release August figures for electronic card retail sales, highlighting a light day for Asia-Pacific economic activity. In July, sales were up 0.2 percent on month and 1.7 percent on year.
RTTNews | 35 minutes ago
U.S. Dollar Weakens After Inflation Data

U.S. Dollar Weakens After Inflation Data

The U.S. dollar declined against its major counterparts in the New York session on Thursday, following the release of inflation data for August.
RTTNews | 35 minutes ago
Swiss Market Ends Moderately Higher

Swiss Market Ends Moderately Higher

The Switzerland market closed on a firm note on Thursday with several stocks gaining good ground in positive territory thanks to sustained buying support.
RTTNews | 4h 59min ago
European Stocks Close On Firm Note On Fed Rate Cut Hopes

European Stocks Close On Firm Note On Fed Rate Cut Hopes

European stocks closed higher on Thursday as the latest data on U.S. consumer price inflation and unemployment claims boosted the prospects of a rate cut by the Federal Reserve next week. Investors also digested the European Central Bank's decision to hold rates.
RTTNews | 5h 21min ago
TSX Continues To Climb New Highs As Rate Cut Hopes Rise

TSX Continues To Climb New Highs As Rate Cut Hopes Rise

The Canadian market is up firmly in positive territory around noon on Thursday, led by strong gains in financials, real estate, consumer discretionary and industrials stocks. Rising prospects of a rate cut by the Federal Reserve following data showing the annual growth of consumer prices in the U.S. came in line with estimates, and signs of weakness in the labor market, help undermine sentiment.
RTTNews | 6h 19min ago
ECB's Lagarde Says Eurozone Remains In

ECB's Lagarde Says Eurozone Remains In "A Good Place", Risks More Balanced

European Central Bank President Christine Lagarde tread carefully on Thursday as she attempted to paint a rosier view for the euro area economy without dismissing the impact of the lingering uncertainty linked to the trade tariffs, the political turmoil in France and a stronger euro.
RTTNews | 6h 30min ago
U.S. Jobless Claims Unexpectedly Climb To Nearly Four-Year High

U.S. Jobless Claims Unexpectedly Climb To Nearly Four-Year High

First-time claims for U.S. unemployment benefits unexpectedly increased in the week ended September 6th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 263,000, an increase of 27,000 from the previous week's revised level of 236,000. Economists had expected jobless claims to edge down to 235,000.
RTTNews | 8h 40min ago
U.S. Consumer Prices Climb 0.4% In August, Slightly More Than Expected

U.S. Consumer Prices Climb 0.4% In August, Slightly More Than Expected

Following yesterday's report showing an unexpected dip by producer prices, the Labor Department released a separate report on Thursday showing U.S. consumer prices rose by slightly more than expected in the month of August. The Labor Department said its consumer price index climbed by 0.4 percent in August after inching up by 0.2 percent in July.
RTTNews | 8h 45min ago