CAC 40 Gains Despite Weak PMI Data

RTTNews | 688天前
CAC 40 Gains Despite Weak PMI Data

(RTTNews) - French stocks traded higher on Monday after both U.S. House and Senate agreed on a short-term funding deal, helping avert a federal shutdown.

Meanwhile, investors shrugged off the results of a survey showing that France's manufacturing sector contracted for the eighth month in a row in September.

The HCOB's final Purchasing Managers Index (PMI) dropped to 44.2 from 46.0 in August, as production and new orders fell at their sharpest rates in over three years.

The benchmark CAC 40 was up 32 points, or half a percent, at 7,167 after edging up 0.3 percent on Friday.

Media group Vivendi jumped nearly 3 percent after Barclays upgraded the stock rating to 'overweight'.

China-exposed LVMH, Kering and Hermes International were seeing modest gains after official data showed China's factory activity in September expanded for the first time since April.

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Australian Dollar Falls Amid RBA Rate Cut Speculation

Australian Dollar Falls Amid RBA Rate Cut Speculation

The Australian dollar weakened against other major currencies in the Asian session on Wednesday, as traders expect two or more rate cuts if inflation continues to decline as anticipated. Earlier this month, the Reserve Bank of Australia (RBA) lowered its cash rate to 3.60 percent from 3.85 percent, as widely expected.
RTTNews | 45分钟前
New Zealand Hints At More Interest Rate Cuts

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RTTNews | 1小时0分钟前
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The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday, after the Reserve Bank of New Zealand decided to cut its key interest rate by 25 basis points and signaled further easing.
RTTNews | 2小时21分钟前
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RTTNews | 2小时42分钟前
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RTTNews | 2小时52分钟前
Yen Rises Against Majors

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The Japanese yen strengthened against other major currencies in the Asian session on Wednesday.
RTTNews | 3小时41分钟前