CAC 40 Inches Higher On Dovish Fed Minutes

RTTNews | 908 days ago
CAC 40 Inches Higher On Dovish Fed Minutes

(RTTNews) - French stocks rose on Thursday as relatively dovish signals from the Federal Reserve helped traders look past concerns over China, with the daily COVID cases hitting a record high since the pandemic began.

The benchmark CAC 40 edged up 27 points, or 0.4 percent, to 6,706 after rising 0.3 percent the previous day.

Remy Cointreau shares tumbled 2.6 percent. The maker of Remy Martin cognac said the second half would reflect a return to normal consumption trends after two years of truly exceptional growth.

Renault Group gained nearly 2 percent. The automaker announced an acceleration of the decarbonization plan for its industrial sites with three strategic partnerships. The Group entered partnerships with new partners: Voltalia, ENGIE, and Dalkia.

read more
China Cuts Loan Prime Rates For First Time In 7 Months

China Cuts Loan Prime Rates For First Time In 7 Months

The People's Bank of China reduced its benchmark interest rate for the first time in seven months to stimulate consumption and support the property market amid soothing trade tensions. The central bank lowered its one-year loan prime rate by 10 basis points to 3.0 percent from 3.10 percent.
RTTNews | 31 minutes ago
European Shares Likely To Open On Firm Note

European Shares Likely To Open On Firm Note

European stocks may open on a positive note Tuesday as trade tensions continue to ease, and China's central bank cut interest rates to record lows to stimulate the world's second-largest economy challenged by weak consumer demand and a property crisis.
RTTNews | 1h 33min ago
R&M Refresher Instant Milk Tea Powder Recalled

R&M Refresher Instant Milk Tea Powder Recalled

Lakewood, Washington-based R&M Trading LLC is recalling R&M Refresher brand Instant Milk Tea powder products of various flavors as they may contain undeclared milk, a known allergen, the U.S. Food and Drug Administration said. The Instant Milk Tea products are recalled because the ingredients statement declares Whey and Caseinate in Non-Dairy Creamer ingredients, but it does not specify milk.
RTTNews | 1h 41min ago
Australian Market Halves Early Gains In Mid-market

Australian Market Halves Early Gains In Mid-market

The Australian stock market is halving its early gains in mid-market trading on Tuesday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,300 level, with gains in technology and financial stocks partially offset a mixed performance in mining and energy stocks.
RTTNews | 3h 27min ago
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, as traders remain cautiously optimistic on the outlook for markets after the U.S.-China temporary trade truce. They now stay focused on the outcome of US trade negotiations with India and Japan. Some traders also locked in profits following the recent upside in the markets.
RTTNews | 3h 53min ago