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CAC 40 Rises On China Optimism
(RTTNews) - French stocks rose notably on Monday after China's top leaders said they will focus on boosting the economy next year.
While more concrete policies are expected in March, the main tools for growth will be fiscal stimulus and stable monetary policies, state media quoted a senior Chinese Communist Party official as saying on Saturday.
Investors also reacted positively to the latest survey results showing that a measure of German business sentiment increased for a third straight month in December.
The Ifo business-climate index rose to 88.6 from a revised 86.4 in November.
The benchmark CAC 40 was up 41 points, or 0.6 percent, at 6,493 after closing 1.1 percent lower on Friday.
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FTSE 100 Modestly Higher On Positive Global Cues
U.K. stocks are modestly higher on Monday, with weak healthcare and defence stocks offsetting positive news about U.S-China trade progress, and a firm display by stocks from banking sectors.
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CAC 40 Rises 1.3% On Easing Tariff Jitters
French stocks are extending recent gains and are up firmly in positive territory on Monday with the benchmark CAC 40 rising to a near six-week high, cheering the U.S.-China agreement on tariffs.
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DAX Pares Some Gains After Hitting New High
The German market has climbed to a fresh record high on Monday with stocks moving up sharply, buoyed by the positive developments on the trade front.
Following negotiations in Switzerland over the weekend, the U.S. and China struck a deal over the weekend to suspend tariffs for 90 days and slash rates going forward.
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Indian shares rallied on Monday, with benchmark indexes Sensex and Nifty posting their best intraday session since June 5 last year, as easing geopolitical and trade tensions helped increase investors' appetite for risk.
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U.S. Dollar Rises As US And China Reach Deal To Slash Tariffs For 90 Days
The U.S. dollar strengthened against other major currencies in the European session on Monday, after the U.S. and China struck a deal to suspend tariffs for 90 days and slash rates going forward, following negotiations in Switzerland over the weekend.
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