CAC 40 Gains On US Rate Cut Optimism

RTTNews | 506天前
CAC 40 Gains On US Rate Cut Optimism

(RTTNews) - French stocks were slightly higher on Monday as optimism over interest rate cuts returned to the fore, following weaker-than-expected U.S. jobs data released on Friday. Also helping underpin sentiment, the latest HCOB PMI data produced by S&P Global showed that the French services economy began the second quarter of 2023 in expansion territory.

The benchmark CAC 40 was up 21 points, or 0.3 percent, at 7,978 after rising half a percent on Friday.

In corporate news, Atos slumped 5.4 percent after announcing that it has received four distinct offers to help bail out the debt-laden IT company.

TotalEnergies rose about 1 percent as oil prices climbed amid rising tensions in Gaza and after Saudi Arabia hiked June crude prices for most regions.

Eutelsat dropped 1.4 percent. The satellite operator confirmed that it is analyzing options for its ground station network.

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U.S. Mortgage Applications Growth Slows

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U.S. mortgage applications grew at a modest pace in the week ended September 19 following a surge in the previous week, survey data from the Mortgage Bankers Association showed on Wednesday.
RTTNews | 2小时29分钟前
U.S. New Home Sales Unexpectedly Skyrocket To Three-Year High In August

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RTTNews | 2小时31分钟前
Bay Street Likely To Open Slightly Higher

Bay Street Likely To Open Slightly Higher

Modestly higher futures point to a slightly positive start for the Canadian market on Wednesday. However, uncertainty about further interest rate cuts by the Fed this year, and worries about valuations may render the mood cautious and limit market's upside.
RTTNews | 4小时44分钟前
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U.S. Dollar Extends Rise Amid Fed Chair Powell Comments

The U.S. dollar continued to be strong against other major currencies in the European session on Wednesday, weighed down by Federal Reserve Chairman Jerome Powell's comments that equity prices are fairly highly valued by many measures.
RTTNews | 5小时0分钟前
FTSE 100 Modestly Lower In Cautious Trade

FTSE 100 Modestly Lower In Cautious Trade

U.K. stocks are turning in a mixed performance in cautious trade on Wednesday. Uncertainty about Fed interest rate outlook, and on comments from Fed Chair Jerome Powell's warning that equity valuations are stretched.
RTTNews | 5小时22分钟前
Sensex, Nifty Extend Declines For Fourth Day

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Indian shares ended lower for a fourth day running on Wednesday, with trade-related concerns, rising oil prices and continued selling by foreign investors keeping investors on edge.
RTTNews | 6小时36分钟前