CAC 40 Edges Higher As Consumer Confidence Stabilizes

RTTNews | Pred 665 dňami
CAC 40 Edges Higher As Consumer Confidence Stabilizes

(RTTNews) - French stocks advanced on Tuesday after a survey showed French consumer confidence stabilized in August, with a score of 85 points and meeting consensus estimates.

Hopes of further Chinese stimulus measures also underpinned investor sentiment ahead of a barrage of key economic readings due this week.

The benchmark CAC 40 was up 19 points, or 0.3 percent, at 7,343 after rallying 1.3 percent the previous day.

Euro zone bond yields slipped ahead of data on U.S. job openings that might provide additional clues on the Federal Reserve's rate trajectory.

Technip Energies N.V., an engineering and technology company, rose about 1 percent. The company announced that it has been awarded a contract by bp for a hydrogen production unit at its Kwinana biorefinery in Western Australia for undisclosed sum.

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German Ifo Business Confidence Strongest In 13 Months

German Ifo Business Confidence Strongest In 13 Months

German business confidence rose to the highest level in 13 months in June driven by improving hopes that fiscal measures will underpin economic recovery, a closely watched survey showed on Tuesday. The business climate index registered 88.4 in June, up from 87.5 in May, the Munich-based ifo Institute revealed. This was the highest level since May 2024, when the reading was 88.9.
RTTNews | Pred 1 h 58 min
Antipodean Currencies Rise Amid Risk-on Mood

Antipodean Currencies Rise Amid Risk-on Mood

The antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major currencies in the Asian session on Tuesday amid increased risk-on mood by the investors, on reports that Israel and Iran have agreed to a "complete and total ceasefire" to be phased in over 24 hours. U.S. Fed Vice Chair Michelle Bowman said she favored a rate cut "as soon" as July if inflationary pressures remain contained.
RTTNews | Pred 4 h 20 min
South Korea Consumer Sentiment Strengthens In June

South Korea Consumer Sentiment Strengthens In June

South Korea's consumer confidence strengthened to a four-year high in June on improving domestic economic conditions, survey data from the Bank of Korea showed on Tuesday. The consumer sentiment index advanced to 108.7 in June from 101.8 in the previous month. This was the highest score in four years. The sub-index measuring future domestic economic situation surged 16 points to 107 in June.
RTTNews | Pred 4 h 28 min