Advertisement
CAC 40 Extends Gains As China Cuts Rates To Boost Growth
(RTTNews) - French stocks rose on Tuesday to extend gains from the previous session on hopes that U.S. inflation data later in the day would likely show an easing in prices in May, and that the Federal Reserve would resist raising rates at the end of a two-day policy meeting on Wednesday.
The benchmark CAC 40 was up 36 points, or half a percent, at 7,286 after gaining half a percent the previous day.
China-exposed luxury giant LVMH and Hermes International both rallied around 1.3 percent after the People's Bank of China (PBOC) cut its seven-day reverse repo rate by 10 basis points in a bid to restore market confidence and prop up slowing economic growth.
read more
Pound Falls Against U.S. Dollar, Euro
The pound dropped against the U.S. dollar and the euro in the New York session on Wednesday.
RTTNews
|
28 minutos atrás
E.ON Confirms Outlook After Higher Q1 Adj. Earnings
German utility E.ON SE reported Wednesday a significant increase in its first-quarter adjusted earnings and Group EBITDA with growth in all three core segments. Further, the firm affirmed its guidance for 2025 and its outlook through 2028. On the XETRA in Germany, E.ON shares were gaining around 1.36 percent.
RTTNews
|
5 h 44 min atrás
Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the European session on Wednesday.
RTTNews
|
8 h 8 min atrás
FTSE 100 Flat As Stocks Move In Tight Range
U.K. stocks are mostly subdued in lackluster trade on Wednesday as investors react to a mixed batch of earnings announcements, and await more economic data from the U.S., and clarity about Trump administration's stance on tariffs with regard to European countries.
RTTNews
|
8 h 43 min atrás
CAC 40 Down 0.66%; Bouygues Rises Sharply On Earnings
French stocks are exhibiting weakness on Wednesday, snapping a four-session winning streak, as investors focus on earnings and other corporate news, and await more economic data for directional clues. Some profit taking is also contributing to market's weakness.
RTTNews
|
9 h 4 min atrás
Sensex, Nifty End Choppy Session Modestly Higher
Indian shares ended modestly higher on Wednesday as signs of easing retail inflation sparked hopes for more rate cuts from the Reserve Bank of India in coming months.
RTTNews
|
9 h 9 min atrás
DAX Drifts Lower In Cautious Trade; Brenntag Down Sharply On Lower Earnings
German stocks are down in negative territory on Wednesday with investors mostly making cautious moves after recent gains in the wake of the U.S. and China striking a trade deal, and somewhat soft U.S. consumer price inflation data.
RTTNews
|
9 h 26 min atrás
European Shares Drift Lower In Lackluster Trade
European stocks were slightly lower in cautious trade on Wednesday while the dollar extended losses as benign U.S. inflation data prompted traders to pare back Fed rate cut bets for this year.
RTTNews
|
10 h 18 min atrás
