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CAC 40 Rebounds As Norway Strike Called Off
(RTTNews) - French stocks advanced on Wednesday and natural gas prices fell sharply, as an end to strike by Norwegian oil and gas workers eased worries of energy supply crunch.
A major energy crisis in Europe has been averted for now after the Norwegian government reportedly intervened to resolve the dispute over pay.
The benchmark CAC 40 rose 60 points, or a little over 1 percent, to 5,855 after declining 2.7 percent on Tuesday.
Among the top gainers, Capgemini, Essilor Luxottica, Airbus Group, Alstom, Dassault Systemes and L'Oreal jumped 2-3 percent.
Car parts maker Faurecia slumped 6.7 percent after Barclays double-downgraded its rating on the stock to "underweight."
Banks declined, with BNP Paribas, Credit Agricole and Societe Generale falling 1-3 percent.
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Singapore Bourse May Give Up Support At 4,200 Points
The Singapore stock market has finished lower in two straight sessions, slipping more than 25 points or 0.6 percent along the way. The Straits Times Index now sits just above the 4,230-point plateau and it may extend its losses on Tuesday.
The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.
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Rally May Stall For Malaysia Stock Market
The Malaysia stock market has moved higher in five straight sessions, collecting more than 35 points or 2.4 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,560-point plateau although it's due for consolidation on Tuesday.
The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.
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Win Streak May End For Japan Stock Market
Ahead of Monday's holiday for Mountain Day, the Japan stock market had moved higher in four consecutive sessions, advancing more than 1,580 points or 3.8 percent along the way. The Nikkei 225 now sits just above the 41,820-point plateau although investors are likely to lock in gains on Tuesday.
The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.
The Nikkei finished sharply higher on Friday with gains cross the board, especially among the finance, automobile and technology sectors.
For the day, the index surged 761.38 points or 1.85 percent to finish at 41,820.48 after trading between 41,248.05 and 42,033.92.
Among the actives, Nissan Motor accelerated 2.75 percent, while Mazda Motor spiked 4.91 percent, Toyota Motor jumped 3.47 percent, Honda Motor rallied 3.95 percent, Softbank Group skyrocketed 10.39 percent, Mitsubishi UFJ Financial collected 0.64 percent, Mizuho Financial advanced 1.02 percent, Sumitomo Mitsui Financial added 0.71 percent, Mitsubishi Electric fell 0.28 percent, Sony Group soared 3.50 percent, Panasonic Holdings climbed 1.16 percent and Hitachi rose 0.50 percent.
The lead from Wall Street is negative as the major averages opened mixed on Monday, rallied midday but then slumped in the afternoon and finished under water.
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Continued Consolidation Called For South Korea Shares
The South Korea stock market has finished lower in back-to-back sessions, sinking more than 20 points or 0.6 percent along the way. The KOSPI now sits just above the 3,200-point plateau and it may take further damage again on Tuesday.
The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.
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1h 23minuter sedan
Australia Interest Rate Decision On Tap For Tuesday
The Reserve Bank of Australia will wrap up its monetary policy meeting this morning and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The RBA is expected lower its benchmark lending rate by 25 basis points, to 3.60 percent from 3.85 percent.
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2h 23minuter sedan
U.S. Dollar Firms Against Majors
The U.S. dollar strengthened against its major counterparts in the New York session on Monday.
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3h 46minuter sedan
Swiss Market Fails To Hold Early Gains, Ends Just Slightly Up
Despite opening on a firm note, the Switzerland market paring gains and even slipped into negative territory in late afternoon trades on Monday, but managed to end the day's session slightly up.
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European Stocks Close On Mixed Note After Cautious Session
European stocks turned in a mixed performance on Monday after a cautious session as investors looked ahead to upcoming talks between the U.S. and Russia on the Ukraine war issue, and the ongoing tariff negotiations between the U.S. and China, as well as some crucial economic data, including a report on consumer price inflation in the world's largest economy.
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7h 3minuter sedan
