CAC 40 Gains On Fed, China Optimism

RTTNews | 718天前
CAC 40 Gains On Fed, China Optimism

(RTTNews) - French stocks were notably higher on Monday amid hopes that U.S. rate hikes are nearing an end.

The benchmark CAC 40 was up 57 points, or 0.8 percent, at 7,287 after edging up 0.2 percent on Friday.

Valneva SE, a specialty vaccine company, jumped 2.6 percent after reporting positive initial Phase 3 safety data in adolescents for its single-dose chikungunya virus vaccine candidate VLA1553.

Banks BNP Paribas, Societe Generale and Credit Agricole rose between 0.6 percent and 1.7 percent after Latvian policymaker Martins Kazaks said on Saturday it may be too early for the European Central Bank to pause interest rate hikes now.

China-exposed automaker Renault added 1.6 percent after China announced new measures to stabilize its ailing stock market.

Luxury heavyweights LVMH, Kering and Hermes International all rose about 1 percent on China demand optimism.

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Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending its early gains in mid-market moves on Friday, adding the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,900 level, with gains across most sectors led by energy and technology stocks.
RTTNews | 4小时14分钟前
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Friday, following the mixed cues from Wall Street overnight, as hotter-than expected US producer price inflation data and a resilient US labor market softened expectations of a higher interest rate cut by the US Fed in September. Traders also remain cautious ahead of the crucial U.S.-Russia talks to end the ongoing three-plus-year Russia-Ukraine war.
RTTNews | 4小时49分钟前
Lower Open Predicted For Thai Stock Market

Lower Open Predicted For Thai Stock Market

The Thai stock market has finished lower in two of three trading days since the end of the four-day winning streak in which it had surged almost 50 points or 4.1 percent. The Stock Exchange of Thailand now sits just above the 1,265-point plateau and it figures to remain rangebound again on Friday.
RTTNews | 5小时36分钟前
Japanese Market Notably Higher

Japanese Market Notably Higher

Reversing the losses in the previous session, the Japanese market is notably higher on Friday, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,800 level, with gains in index heavyweights and financial stocks as well as a mixed performance in all other sectors.
RTTNews | 5小时52分钟前
Indonesia Bourse Due For Consolidation On Friday

Indonesia Bourse Due For Consolidation On Friday

The Indonesia stock market has tracked higher in five straight sessions, improving more than 440 points or 5.8 percent along the way. The Jakarta Composite Index now sits just above the 7,930-point plateau although investors figure to lock in gains on Friday.
RTTNews | 6小时6分钟前