CAC 40 Declines On US-China Tensions

RTTNews | 924 дней спустя
CAC 40 Declines On US-China Tensions

(RTTNews) - French stocks tumbled on Monday as robust U.S. jobs data released on Friday fanned fears of more interest rate hikes to cool inflation.

According to the Federal Reserve, a strong labor market would lead to excessive wage growth which, in turn, would lead to inflation pressures.

U.S-China tensions also remained on investors' radar after the Biden administration decided to postpone Secretary of State Antony Blinken's upcoming trip to China in response to the Pentagon's discovery of an alleged Chinese spy balloon, that was later shot down.

The benchmark CAC 40 was down 66 points, or 1 percent, at 7,168 after climbing 0.9 percent on Friday.

Eurazeo fell over 1 percent after the investment company named a new executive board that will be led by two chairmen.

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Yen Falls Amid Risk-on Mood

Yen Falls Amid Risk-on Mood

The Japanese yen weakened against other major currencies in the Asian session on Monday as Asian stock markets traded higher, amid expectations of the three-year-plus war between Russia and Ukraine ending soon, with U.S. President Donald Trump saying he and Russian President Putin discussed land transfers and security guarantees for Ukraine and had "largely agreed".
RTTNews | 1ч 47мин назад
Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Monday.
RTTNews | 1ч 58мин назад
Sensex, Nifty Rally As Automakers Surge On Modi's Big GST Reform Push

Sensex, Nifty Rally As Automakers Surge On Modi's Big GST Reform Push

Indian shares opened on a buoyant note on Monday after S&P Global Ratings upgraded India's sovereign ratings and Prime Minister Narendra Modi promised next generational GST reforms by Diwali, which will bring down the tax burden on consumers as well as MSMEs.
RTTNews | 3ч 19мин назад
Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian stock market is trimming its early losses in choppy mid-market trading on Monday, after opening in the red and briefly treading in to the green, reversing some of the gains in the previous two sessions, following the mixed cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying above the 8,900.00 level, with weakness in mining and energy stocks.
RTTNews | 4ч 12мин назад
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Monday, following the mixed cues from Wall Street on Friday, amid expectations of the three-year-plus war between Russia and Ukraine ending soon, with U.S. President Donald Trump saying he and Russian President Putin discussed land transfers and security guarantees for Ukraine, and had "largely agreed". Asian markets closed mostly higher on Friday.
RTTNews | 4ч 34мин назад
Sensex, Nifty Seen Higher On Proposed GST Reforms Push

Sensex, Nifty Seen Higher On Proposed GST Reforms Push

Indian shares look set to open on a positive note Monday after S&P Global Ratings upgraded India's sovereign ratings, citing buoyant economic growth, enhanced monetary policy conditions and the government's fiscal consolidation commitment.
RTTNews | 5ч 8мин назад
Thai Shares May Tick Lower Again On Monday

Thai Shares May Tick Lower Again On Monday

The Thai stock market has finished lower in two straight sessions, slipping almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,260-point plateau and it figures to remain rangebound again on Monday.
RTTNews | 5ч 45мин назад