CAC 40 Gains In Cautious Trade

RTTNews | Pred 977 dňami
CAC 40 Gains In Cautious Trade

(RTTNews) - French stocks rose on Friday despite lingering worries about the impact of China's "zero-COVID" strategy and fresh indications that the U.S. Federal Reserve will keep raising rates to fight inflation.

The benchmark CAC 40 was up 35 points, or half a percent, at 6,610 after losing half a percent the previous day.

Banks traded mostly higher as the European Central Bank begins the biggest withdrawal of cash from the euro zone's banking system in its history.

BNP Paribas climbed 1.2 percent and Credit Agricole added 0.7 percent.

The dollar edged lower in early European trade but was still heading for a weekly gain following recent hawkish Fed comments.

Oil pared early gains and was on track for a steep weekly decline on concerns about weakening demand in China.

read more
NZ Dollar Slides Against Majors

NZ Dollar Slides Against Majors

The New Zealand dollar weakened against other major currencies in the European session on Tuesday.
RTTNews | Pred 25 minútami
RBA Board Says Another Rate Cut Inconsistent With Cautious Stance, Minutes Show

RBA Board Says Another Rate Cut Inconsistent With Cautious Stance, Minutes Show

Reserve Bank of Australia's policymakers said cutting the interest rate for a third straight time within the gap of four meetings would be inconsistent with the cautious monetary policy stance, the minutes of the July monetary policy meeting showed Tuesday. Majority of members said that it would be prudent to wait for confirmation that inflation would sustainably return to target as forecast.
RTTNews | Pred 1 h 30 min
European Shares Set For Subdued Open On Tariff Angst

European Shares Set For Subdued Open On Tariff Angst

European stocks may drift lower at open on Tuesday as investors react to the latest tariff updates and look forward to earnings from several big-name companies this week, including Google parent Alphabet, Tesla, General Motors and Intel.
RTTNews | Pred 4 h 4 min
Sensex, Nifty Pare Early Gains

Sensex, Nifty Pare Early Gains

Indian shares eked out modest gains in cautious trade on Tuesday as investors seek clarity on trade developments ahead of an August 1 deadline for U.S. reciprocal tariffs.
RTTNews | Pred 5 h 11 min