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CAC 40 Edges Higher As Investors Shrug Off Inflation Concerns
(RTTNews) - French stocks were moving higher on Tuesday despite concerns that a jump in oil prices might stoke inflation and prompt the Federal Reserve to act more aggressively. Investors cheered the results of an ECB survey showing that consumer expectations for euro-area inflation fell for a second month.
The benchmark CAC 40 was up 22 points, or 0.3 percent, at 7,369 after rising 0.3 percent the previous day.
Banks BNP Paribas, Credit Agricole and Societe Generale were up between 0.8 percent and 1.5 percent.
L'Oreal shares rose half a percent after the cosmetics group reached a deal with Brazil's Natura & Co to acquire its Australian luxury brand Aesop at an enterprise value of $2.53 billion.
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Malaysia Shares May See Renewed Consolidation On Wednesday
The Malaysia stock market on Tuesday snapped the two-day slide in which it had fallen more than a dozen points or 0.8 percent. The Kuala Lumpur Composite Index now sits just above the 1,575-point plateau although it may head south again on Wednesday.
RTTNews
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12 minutos atrás
Japan Stock Market May Hand Back Tuesday's Gains
The Japanese stock market on Tuesday ended the two-day losing streak in which it had dropped almost 650 points or 1.4 percent. The Nikkei 225 now sits just above the 42,310-point plateau although it may see renewed consolidation on Wednesday.
RTTNews
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33 minutos atrás
South Korea Shares May Head South Again On Wednesday
The South Korea stock market on Tuesday ended the two-day slide in which it had given up mor than 50 points or 1.6 percent. The KOSPI now rests just above the 3,170-point plateau although it's expected to turn lower again on Wednesday.
RTTNews
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50 minutos atrás
Australia GDP Data Due On Wednesday
Australia will on Wednesday release Q2 figures for gross domestic product, highlighting a modest day for Asia-Pacific economic activity. GP is expected to rise 0.5 percent on quarter and 1.6 percent on year, up from 0.2 percent on quarter and 1.3 percent on year in the three months prior.
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1 h 50 min atrás
U.S. Dollar Climbs Amid Rising Treasury Yields
The U.S. dollar strengthened against its major counterparts in the New York session on Tuesday, as investors awaited upcoming nonfarm payrolls data.
RTTNews
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2 h 15 min atrás
Swiss Shares Extend Losing Streak
The Swiss stock market closed under pressure again on Tuesday, stretching its losing streak to three sessions while giving up more than 130 points or 1.1 percent in that span.
RTTNews
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7 h 1 min atrás
Eurozone Inflation Path Suggests ECB Unlikely To Cut Rates Further
Euro area inflation modestly accelerated to a four-month high, and the core figure was steady around the 2 percent target in August as a slight slowing in both food price growth and services inflation was offset by a smaller decline in energy prices, which suggests that the European Central Bank is set to hold interest rates steady in future policy sessions.
RTTNews
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7 h 7 min atrás
European Markets Finish In The Red On Tuesday
The major European markets finished firmly under water on Tuesday after Eurostat data showed Eurozone inflation rose to 2.1 percent last month, climbing above the European Central Bank's 2 percent target for the first time since April driven by higher prices for food, alcohol and tobacco.
RTTNews
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7 h 14 min atrás
