CAC-40 Gains Amidst Renewed Hopes Of ECB's Rate Cut

RTTNews | 637天前
CAC-40 Gains Amidst Renewed Hopes Of ECB's Rate Cut

(RTTNews) - Market sentiment for CAC-40 got a big boost amidst comments by an ECB official that hinted at potentially no more rate hikes by the ECB. Jobs data from the U.S. and inflation readings from China due in the week however kept market sentiment in check. The CAC-40 is currently trading at 7,343.64, adding 0.15 percent from the previous close of 7,332.59. The day's trading has been between 7,363.47 and 7,320.49.

Only 13 of the 40 scrips in the index are currently trading in negative territory.

Unibail-Rodamco-Westfield topped with gains of 2.6 percent. STMicroelectronics, Michelin and Saint Gobain, all gained more than 1 percent.

Alstom is the greatest laggard with a decline of 1.2 percent. Renault, Sanofi, Danone, Worldline have all declined more than half percent.

The Dollar Index has edged down 0.07 percent to 103.64, versus 103.71 a day earlier. The EUR/USD has in the meanwhile slipped 0.05 percent to trade at 1.0831.

In tandem with the global easing in bond yields, the yields on France's ten-year bonds have dropped 1.42 percent to 2.880%. The yield was at 2.921 percent a day earlier.

read more
Japan Stock Market May Hand Back Tuesday's Gains

Japan Stock Market May Hand Back Tuesday's Gains

The Japanese stock market on Tuesday ended the two-day losing streak in which it had dropped almost 650 points or 1.4 percent. The Nikkei 225 now sits just above the 42,310-point plateau although it may see renewed consolidation on Wednesday.
RTTNews | 15分钟前
South Korea Shares May Head South Again On Wednesday

South Korea Shares May Head South Again On Wednesday

The South Korea stock market on Tuesday ended the two-day slide in which it had given up mor than 50 points or 1.6 percent. The KOSPI now rests just above the 3,170-point plateau although it's expected to turn lower again on Wednesday.
RTTNews | 32分钟前
Australia GDP Data Due On Wednesday

Australia GDP Data Due On Wednesday

Australia will on Wednesday release Q2 figures for gross domestic product, highlighting a modest day for Asia-Pacific economic activity. GP is expected to rise 0.5 percent on quarter and 1.6 percent on year, up from 0.2 percent on quarter and 1.3 percent on year in the three months prior.
RTTNews | 1小时32分钟前
Swiss Shares Extend Losing Streak

Swiss Shares Extend Losing Streak

The Swiss stock market closed under pressure again on Tuesday, stretching its losing streak to three sessions while giving up more than 130 points or 1.1 percent in that span.
RTTNews | 6小时44分钟前
Eurozone Inflation Path Suggests ECB Unlikely To Cut Rates Further

Eurozone Inflation Path Suggests ECB Unlikely To Cut Rates Further

Euro area inflation modestly accelerated to a four-month high, and the core figure was steady around the 2 percent target in August as a slight slowing in both food price growth and services inflation was offset by a smaller decline in energy prices, which suggests that the European Central Bank is set to hold interest rates steady in future policy sessions.
RTTNews | 6小时49分钟前
European Markets Finish In The Red On Tuesday

European Markets Finish In The Red On Tuesday

The major European markets finished firmly under water on Tuesday after Eurostat data showed Eurozone inflation rose to 2.1 percent last month, climbing above the European Central Bank's 2 percent target for the first time since April driven by higher prices for food, alcohol and tobacco.
RTTNews | 6小时56分钟前
U.S. Construction Spending Unexpectedly Edges Lower In July

U.S. Construction Spending Unexpectedly Edges Lower In July

A report released by the Commerce Department on Tuesday showed construction spending in the U.S. unexpectedly edged slightly lower in the month of July. The Commerce Department said construction spending slipped by 0.1 percent to an annual rate of $2.139 trillion in July after falling by 0.4 to a revised rate of $2.141 trillion in June.
RTTNews | 8小时57分钟前