CAC 40 Inches Higher In Lackluster Trade

RTTNews | 1185天前
CAC 40 Inches Higher In Lackluster Trade

(RTTNews) - French stocks rose slightly on Monday despite inflation worries and global growth concerns.

ECB President Christine Lagarde is scheduled to address the European Parliament in Brussels later today, with investors awaiting more clues on the new crisis tool that would help prevent a disorderly blowout in borrowing costs in weaker eurozone countries.

Investors also await a congressional appearance by U.S. Federal Reserve Chair Jay Powell this week that could highlight the U.S. central bank's resolve to guide inflation back to the Fed's 2 percent target.

The benchmark CAC 40 edged up 20 points, or 0.3 percent, to 5,902 after finishing marginally lower on Friday.

Airplane maker Airbus SE advanced 1.3 percent on news it is in discussions with Qatar Airways to try to resolve a bitter legal and safety dispute over the A350 passenger jet.

Valneva shares jumped 18 percent after U.S. healthcare giant Pfizer agreed to invest 90.5 million euros ($95.24 million) to buy an 8.1 percent stake in the French specialty vaccines company.

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Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday, reversing the losses in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving above the 45,000 mark, with gains across most sectors led by exporters and technology stocks.
RTTNews | 1小时5分钟前
Australian Market Modestly Lower

Australian Market Modestly Lower

The Australian market is trading modestly lower on Thursday, extending the losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,800 level, with weakness across most sectors led by mining and energy stocks.
RTTNews | 1小时45分钟前
U.S. Dollar Advances After Fed Decision

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The U.S. dollar climbed against its major counterparts in the New York session on Wednesday, as the Federal Reserve cut its key interest rate and projected two more reductions for this year.
RTTNews | 4小时22分钟前
Fed Cuts Rates By Quarter Point, Forecasts Two More Rate Cuts This Year

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In a widely expected move, the Federal Reserve on Wednesday announced that it has decided to lower interest rates by a quarter point, marking the first rate cut of 2025. The Fed said it decided to lower the target range for the federal funds rate by 25 basis points to 4.0 percent to 4.25 percent, citing a shift in the balance of risks.
RTTNews | 8小时20分钟前
Swiss Market Ends Marginally Down

Swiss Market Ends Marginally Down

After a weak start and a subsequent long spell in negative territory, the Switzerland market briefly moved above the flat line in late afternoon trade on Wednesday, but failed to sustain momentum and settled marginally down with a few frontline stocks turning weak again.
RTTNews | 8小时47分钟前
European Markets Close Mixed After Cautious Session

European Markets Close Mixed After Cautious Session

European stocks turned in a mixed performance on Wednesday with investors digesting regional economic data, and awaiting the Federal Reserve's monetary policy announcement due later in the day.
RTTNews | 9小时16分钟前
Canadian Market Modestly Higher At Noon; BoC Lowers Interest Rate

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Canadian stocks are up in positive territory around noon on Wednesday with investors reacting to the Bank of Canada's decision to cut interest rates by 25 basis points. The recent weak labor market data and economic slowdown have raised prospects of further easing by the Canadian central bank.
RTTNews | 10小时43分钟前