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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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U.S., China Reach Agreement To Slash Tariffs
Following closely watched meetings over the weekend in Geneva, Switzerland, the U.S. and China have announced an agreement to drastically reduce tariffs on each other's goods. The White House said the agreement calls for the U.S. and China to each lower tariffs by 115 percent while retaining an additional 10 percent tariff.
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30分钟前
FTSE 100 Modestly Higher On Positive Global Cues
U.K. stocks are modestly higher on Monday, with weak healthcare and defence stocks offsetting positive news about U.S-China trade progress, and a firm display by stocks from banking sectors.
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30分钟前
CAC 40 Rises 1.3% On Easing Tariff Jitters
French stocks are extending recent gains and are up firmly in positive territory on Monday with the benchmark CAC 40 rising to a near six-week high, cheering the U.S.-China agreement on tariffs.
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1小时16分钟前
DAX Pares Some Gains After Hitting New High
The German market has climbed to a fresh record high on Monday with stocks moving up sharply, buoyed by the positive developments on the trade front.
Following negotiations in Switzerland over the weekend, the U.S. and China struck a deal over the weekend to suspend tariffs for 90 days and slash rates going forward.
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1小时44分钟前
Sensex, Nifty Soar Nearly 4% On India-Pak Ceasefire
Indian shares rallied on Monday, with benchmark indexes Sensex and Nifty posting their best intraday session since June 5 last year, as easing geopolitical and trade tensions helped increase investors' appetite for risk.
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1小时54分钟前
U.S. Dollar Rises As US And China Reach Deal To Slash Tariffs For 90 Days
The U.S. dollar strengthened against other major currencies in the European session on Monday, after the U.S. and China struck a deal to suspend tariffs for 90 days and slash rates going forward, following negotiations in Switzerland over the weekend.
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2小时37分钟前
U.S. Dollar Rises Against Majors
The U.S. dollar strengthened against other major currencies in the European session on Monday.
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2小时54分钟前
European Shares Climb As US And China Reach Deal To Slash Tariffs
European stocks advanced on Monday after the U.S. and China struck a deal to suspend tariffs for 90 days and slash rates going forward, following negotiations in Switzerland over the weekend.
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3小时16分钟前
