CAC 40 Rallies As LVMH Delivers Solid Results
(RTTNews) - French stocks traded sharply higher on Wednesday, after having fallen heavily on Tuesday on concerns about rising tensions between Iran and Israel, and U.S. rate cut uncertainty.
The benchmark CAC 40 was up 96 points, or 1.2 percent, at 8,028 after falling around 1.4 percent in the previous session.
The euro held steady above 1.0600 against the dollar after posting small losses on Tuesday.
Sanofi was little changed despite reporting positive data from Phase 2 study of frexalimab in participants with relapsing multiple sclerosis (MS) at 48-weeks.
LVMH jumped more than 4 percent. The world's largest luxury group slightly missed Q1 revenue estimates but sounded optimistic about the industry's outlook, especially in China.
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Australian Market Slightly Higher
Adding to the gains in the previous session, the Australian stock market is slightly higher on Tuesday, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying above the 7,600 level, with gains in iron ore miners partially offset by weakness in energy stocks. Other sectors were mixed.
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4h 10min ago
Hong Kong Shares Overdue For Consolidation On Tuesday
The Hong Kong stock market has moved higher in six straight sessions, gathering almost 1,570 points or 9.2 percent along the way. The Hang Seng Index now sits just beneath the 17,750-point plateau and it's expected to at least open higher again on Tuesday.
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4h 15min ago
China Stock Market May Extend Winning Streak
The China stock market has moved higher in four straight sessions, gathering almost 100 points or 3 percent along the way. The Shanghai Composite Index now sits just beneath the 3,115-point plateau and it may add to its winnings on Tuesday.
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4h 30min ago
Steady Start Set For Taiwan Stock Market
The Taiwan stock market has tracked higher in consecutive trading days, accelerating almost 750 points or 3.8 percent along the way. The Taiwan Stock Exchange now sits just beneath the 20,500-point plateau and it may open higher again on Tuesday.
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5h 0min ago
Japan Retail Sales Slip 1.2% On Month In March
The value of retail sales in Japan was down a seasonally adjusted 1.2 percent on month in March, the Ministry of Economy, Trade and Industry said on Tuesday - coming in at 14.691 billion yen.
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5h 26min ago
Singapore Stock Market May Open To The Upside
The Singapore stock market on Monday ended the two-day slide in which it had slipped almost 15 points or 0.5 percent. The Straits Times Index now rests just above the 3,280-point plateau and it may see additional support on Tuesday.
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5h 30min ago
Japan Industrial Output Climbs 3.8% On Month In March
Industrial production in Japan was up a seasonally adjusted 3.8 percent on month in March, the Ministry of Economy, Trade and Industry said on Tuesday.
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5h 32min ago
Japan Jobless Rate Holds Steady At 2.6%
The unemployment rate in Japan was a seasonally adjusted 2.6 percent in March, the Ministry of Internal Affairs and Communications said on Tuesday.
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5h 51min ago
