CAC 40 Edges Higher After Italian Election Results

RTTNews | 1031 дней спустя
CAC 40 Edges Higher After Italian Election Results

(RTTNews) - French stocks edged higher on Monday, though a cautious undertone prevailed amid concerns about a possible recession.

Euro zone government bond yields hit fresh multi-year highs amid a fresh sell-off in British gilts after Chancellor of the Exchequer Kwasi Kwarteng announced the biggest package of unfunded tax cuts.

The spread between Italian and German yields widened after the rightist coalition won a clear majority in Sunday's general elections.

The benchmark CAC 40 was up 21 points, or 0.4 percent, at 5,804 after plummeting 2.3 percent on Friday.

Valneva SE shares jumped more than 4 percent. The vaccine maker focused on infectious diseases said it is in active discussions with a prospective partner for potentially funding the development of a potential second-generation COVID-19 vaccine. These ongoing talks may continue for several months and may not lead to an agreement, it said.

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Swiss Franc Weakens Amid Risk Appetite

Swiss Franc Weakens Amid Risk Appetite

The Swiss franc declined against its major counterparts in the New York session on Wednesday, following progress in trade talks between the U.S. and the European Union.
RTTNews | 44 минут назад
Swiss Market Ends On Buoyant Note

Swiss Market Ends On Buoyant Note

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RTTNews | 3ч 58мин назад
European Stocks Close On Strong Note On Trade Deal Optimism

European Stocks Close On Strong Note On Trade Deal Optimism

European stocks closed on a strong note on Wednesday as prospects of a trade deal between the U.S. and EU increased after U.S. President Donald Trump announced trade deals with Japan and the Philippines.
RTTNews | 4ч 13мин назад
Canadian Market Up On Trade Deal Hopes

Canadian Market Up On Trade Deal Hopes

The Canadian market hit a fresh record high Wednesday morning, and amid selective buying, remains in positive territory around noon, thanks to rising optimism about several nations striking trade deals with the U.S. before the August 1 deadline.
RTTNews | 5ч 36мин назад
U.S. Existing Home Sales Slump To Nine-Month Low In June

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Positive Start Seen For Canadian Stocks

Positive Start Seen For Canadian Stocks

Bay Street looks headed for a firm start Wednesday morning, tracking positive global cues amid rising prospects of several nations striking trade deals with the U.S. before the August 1 deadline.
RTTNews | 9ч 58мин назад
FTSE 100 Moderately Higher; Informa Rises Sharply On Strong Guidance

FTSE 100 Moderately Higher; Informa Rises Sharply On Strong Guidance

The U.K. stock market is gaining some ground in positive territory on Wednesday, reflecting the fairly bullish mood across Europe, amid prospects of an EU-US trade deal. Hopes about the European Union and the U.S. striking trade deals have increased after U.S. President Donald Trump announced trade deals with Japan and Philippines.
RTTNews | 11ч 12мин назад