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CAC 40 Gains Despite Escalating Middle East Tensions
(RTTNews) - French stocks traded higher on Monday despite Iran's attack on Israel over the weekend.
Analysts expect Israel's response to be more measured in order to deescalate tensions.
Also, the mass drone and missile attacks were largely priced in the days leading up to it and there was limited damage, according to the Israeli government.
The benchmark CAC 40 was up 53 points, or 0.7 percent, at 8,063 after falling 0.2 percent on Friday.
BNP Paribas shares rose about 1 percent. Th lender said it had signed an agreement to acquire Fosun Group's stake of about 9 percent in ageas for approximately 730 million euros.
Peer Credit Agricole was up around 0.8 percent while Societe Generale was down half a percent.
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Pound Rises Amid Risk On Mood
The British pound strengthened against other major currencies in the European session on Thursday amid risk-on mood by the investors, as a bond market sell-off stabilized and dovish Fed comments coupled with weak U.S. data reinforced rate-cut bets.
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15 minutos atrás
Sensex, Nifty End Off Day's Highs
Indian shares ended Thursday's session on a positive note as global bond market worries subsided, oil extended steep overnight losses on oversupply concerns, and weak U.S. labor market data reinforced bets on a Federal Reserve interest-rate cut.
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1h 8min atrás
Pound Rises Against Majors
The British pound strengthened against other major currencies in the European session on Thursday.
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1h 20min atrás
DAX Up 0.32% Despite Coming Off Day's High
The German market is up firmly in positive territory on Thursday, extending gains from the previous session, amid expectations the Federal Reserve will announce an interest rate cut after its monetary policy meeting next week.
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1h 35min atrás
Eurozone Retail Sales Fall More Than Forecast
Eurozone retail sales declined more than expected in July largely reflecting a notable fall in food and auto fuel sales, official data showed Thursday. Retail sales posted a monthly fall of 0.5 percent, in contrast to the 0.6 percent increase in June, Eurostat reported. Sales were expected to fall 0.3 percent.
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1h 53min atrás
UK Construction Sector Continues To Shrink
The UK construction sector contracted for the eighth consecutive month in August due to marked reductions in the housing and civil engineering works, survey data published by S&P Global showed on Thursday. The construction Purchasing Managers' Index posted 45.5 in August, up from 44.3 in July. However, the score remained well below the 50.0 mark indicating sharp fall in construction output.
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2h 13min atrás
European Shares Mostly Higher Before Debt Sales
European stocks were mostly higher on Thursday as bond market worries subsided, and investors awaited Eurozone retail sales data as well as debt auctions in France and the United Kingdom for direction.
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2h 41min atrás
Asian Shares Mostly Higher; China And Hong Kong Markets Buck Trend
Asian stocks rose broadly on Thursday, even as Chinese and Hong Kong markets ended sharply lower following reports that China's financial regulators are considering a number of cooling measures for the stock market, including lifting certain short selling restrictions, increasing checks on speculative trades, and discouraging heavy retail participation.
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3h 1min atrás
