CAC 40 Rebounds After Thursday's Selloff

RTTNews | Pred 852 dňami
CAC 40 Rebounds After Thursday's Selloff

(RTTNews) - French stocks were moving higher on Friday as investors pinned hopes for demand recovery in the world's second-biggest economy on eve of upcoming Lunar New Year holiday.

Comments from several Fed officials expressing support for a downshift in the pace of U.S. rate rises also boosted sentiment.

The benchmark CAC 40 was up 32 points, or 0.4 percent, at 6,982 after plunging 1.9 percent the previous day.

China-exposed luxury stocks such as LVMH and Hermes International were gaining ground after China said the number of COVID-19 patients needing critical care in hospitals has peaked ahead of what is expected to be one of the busiest days of travel in years.

The dollar edged lower in early European trade and bond yields remained subdued as traders priced in the likelihood of a softer 25-bps rate hike at the Fed's January 31-February 1 meeting.

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U.S. Dollar Falls Amid Risk-on Mood, Fed Rate Cut Bet

U.S. Dollar Falls Amid Risk-on Mood, Fed Rate Cut Bet

The U.S. dollar weakened against other major currencies in the Asian session on Wednesday amid increased risk-on mood, as some traders are still looking to cash in on the strong upside in the markets seen over the past several weeks. Furthermore, growing market acceptance that the Federal Reserve (Fed) will lower interest rates further this year amid evidence of diminishing inflationary pressure and a dismal growth forecast, also pushed the USD lower.
RTTNews | Pred 46 minútami
Japan Exports Growth Softens On Higher Trade Tariffs

Japan Exports Growth Softens On Higher Trade Tariffs

Japan's exports grew at a slower pace in April largely due to the higher tariffs imposed by the US administration, official data revealed Wednesday. Exports climbed 2.0 percent on a yearly basis in April, slower than the 4.0 percent increase in March, the Ministry of Finance reported. Exports have been rising since last September and the latest growth matched economists' expectations.
RTTNews | Pred 1 h 59 min
European Shares May Struggle At Open

European Shares May Struggle At Open

European stocks are seen opening little changed on Wednesday, with U.S. fiscal concerns, geopolitical tensions and the Fed outlook likely to be in focus.
RTTNews | Pred 2 h 53 min
European Economic News Preview: UK Inflation Data Due

European Economic News Preview: UK Inflation Data Due

Consumer price data from the UK is the only major report due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics publishes UK consumer prices for April. Consumer price inflation is forecast to rise to 3.3 percent from 2.6 percent in March.
RTTNews | Pred 3 h 7 min
Sensex, Nifty Marginally Higher In Lackluster Trade

Sensex, Nifty Marginally Higher In Lackluster Trade

Indian shares were modestly higher in early trade on Wednesday, after having suffered heavy losses in the previous session amid rising geopolitical tensions, growing concerns over U.S. debt and a spike in Covid-19 cases in Southeast Asia.
RTTNews | Pred 4 h 21 min
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending its early gains in mid-market moves on Wednesday, adding the gains in the previous session, with the benchmark S&P/ASX 200 staying just below the 8,400 level, despite the broadly negative cues from Wall Street overnight, with gains in mining, financial and energy stocks partially offset by weakness in technology stocks.
RTTNews | Pred 5 h 0 min