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CAC 40 Extends Gains As China Cuts Rates To Boost Growth
(RTTNews) - French stocks rose on Tuesday to extend gains from the previous session on hopes that U.S. inflation data later in the day would likely show an easing in prices in May, and that the Federal Reserve would resist raising rates at the end of a two-day policy meeting on Wednesday.
The benchmark CAC 40 was up 36 points, or half a percent, at 7,286 after gaining half a percent the previous day.
China-exposed luxury giant LVMH and Hermes International both rallied around 1.3 percent after the People's Bank of China (PBOC) cut its seven-day reverse repo rate by 10 basis points in a bid to restore market confidence and prop up slowing economic growth.
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Additional Support Expected For Thai Stock Market
Ahead of Monday's holiday for Wesak Day, the Thai stock market had alternated between positive and negative finishes through the previous four trading days since the end of the five-day winning streak in which it had advanced more than 50 points or 4.3 percent. The Stock Exchange of Thailand now sits just above the 1,210-point plateau and it's got a strong lead for Tuesday's trade.
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21 นาทีที่ผ่านมา
Japanese Market Sharply Higher
The Japanese stock market is trading sharply higher on Tuesday, extending the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight, with the Nikkei 225 moving above the 38,300 level, with gains across all sectors led by strong gains in technology and financial stocks.
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25 นาทีที่ผ่านมา
Overbought Hang Seng Nonetheless Called Higher
The Hong Kong stock market has tracked higher in eight straight sessions, soaring almost 1,600 points or 7.1 percent along the way. The Hang Seng Index now sits just beneath the 23,550-point plateau and it's expected to at least open in positive territory on Tuesday.
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36 นาทีที่ผ่านมา
Australian Market Significantly Higher
The Australian stock market is trading significantly higher on Tuesday, extending the gains in the previous four sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,300 level, with gains across most sectors led by Technology and energy stocks. Gold stocks were the only weak spot.
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47 นาทีที่ผ่านมา
Higher Open Anticipated For China Stock Market
The China stock market bounced higher again on Monday, one session after ending the three-day winning streak in which it had gathered more than 70 points or 2.2 percent. The Shanghai Composite Index now rests just beneath the 3,370-point plateau and it may add to its winnings on Tuesday.
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51 นาทีที่ผ่านมา
Win Streak May Continue For Taiwan Stock Market
The Taiwan stock market has moved higher in two straight sessions, collecting almost 600 points or 3 percent in that span. The Taiwan Stock Exchange now sits just beneath the 21,130-point plateau and it's tipped to open in the green on Tuesday.
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1 ชม. 21 นาทีที่ผ่านมา
Singapore Shares May Test Resistance At 3,900 Points
Ahead of Monday's holiday for Wesak Day, the Singapore stock market had bounced higher again, one day after ending the five-day winning streak in which it had risen more than 60 points or 1.7 percent. The Straits Times Index now sits just above the 3,875-point plateau and it's expected to open to the upside again on Tuesday.
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1 ชม. 51 นาทีที่ผ่านมา
Malaysia Bourse Tipped To Return To The Upside
Ahead of Monday's holiday for Wesak Day, the Malaysia stock market had moved higher in two of three trading days since ending the two-day slide in which it had slipped six points or 0.4 percent. The Kuala Lumpur Composite Index now sits just above the 1,545-point plateau and it's likely to see additional support again on Tuesday.
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2 ชม. 21 นาทีที่ผ่านมา
