CAC 40 Little Changed In Cautious Trade

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CAC 40 Little Changed In Cautious Trade

(RTTNews) - French stocks were little changed on Monday as investors braced for a busy week of corporate earnings and a policy meeting of the U.S. Federal Reserve, with economists expecting a 75-bps point hike to combat inflation.

Closer home, hawkish ECB policymaker Robert Holzmann told the Austrian public broadcaster ORF on Sunday that the Governing Council will consider the economic landscape across the euro zone before deciding on the next tightening step in September.

The European Central Bank raised interest rates by a bigger-than-expected 50 basis points last week, marking its first hike in 11 years.

The benchmark CAC 40 was marginally lower at 6,215 after gaining 0.3 percent on Friday. Telecom firm Orange rose nearly 2 percent after it signed a binding agreement with MasMovil to combine their businesses in Spain.

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German GfK Consumer Confidence To Fall Further

German GfK Consumer Confidence To Fall Further

German consumer confidence is set to continue to fall in September as rising fear of job losses weighed on purchase decisions and damped hopes of robust economic recovery, a closely watched survey showed on Wednesday. The forward-looking consumer sentiment index fell to -23.6 in September from -21.7 in the previous month. The reading was forecast to drop moderately to -22.
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Australian Dollar Rises On Strong Monthly CPI Data

Australian Dollar Rises On Strong Monthly CPI Data

The Australian dollar strengthened against other major currencies in the Asian session on Wednesday, following the release of Australia's consumer price inflation accelerating more than expected to a one-year high in July.
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Australia Inflation Accelerates To 1-Year High

Australia Inflation Accelerates To 1-Year High

Australia's consumer price inflation accelerated more than expected to a one-year high in July, indicating a more gradual approach to monetary policy easing. The CPI indicator advanced 2.8 percent year-on-year in July, following June's 1.9 percent rise, the Australian Bureau of Statistics reported. This was the strongest since July 2024.
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European Economic News Preview: German GfK Consumer Confidence Due

European Economic News Preview: German GfK Consumer Confidence Due

Consumer sentiment survey data from Germany is the top economic news due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the market research group GfK publishes Germany's monthly consumer confidence survey results. The consumer sentiment indicator is forecast to fall to -22 in September from -21.5 in August.
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Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending it early gains in mid-market moves on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains across most sectors led by mining and financial stocks.
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