CAC-40 Rebounds As Easing In Inflation Triggers Rate Cut Hopes

RTTNews | 614天前
CAC-40 Rebounds As Easing In Inflation Triggers Rate Cut Hopes

(RTTNews) - The CAC-40 benchmark rebounded in Wednesday's trading amidst the sentiment boost provided by easing inflation indicators from Spain and Germany. Dovish comments by Fed officials also helped erase fears of interest rates remaining higher for longer.

The CAC-40 is currently trading at 7,288.78, adding 0.53 percent from the previous close of 7,250.13. The day's trading has been between 7,292.30 and 7,241.41.

Only 8 of the 40 scrips in the index are currently trading in negative territory.

Worldline topped with gains of 3.2 percent followed by Unibail-Rodamco-Westfield that added 3.1 percent. Stellantis, Capgemini and Renault have also recorded gains of more than 2 percent.

Alstom and TotalEnergies are the big losers declining more than 1 percent.

The EUR/USD has slipped 0.16 percent to trade at 1.0972, whereas the Dollar Index rose 0.15 percent to trade at 102.90.

Taking cues from the dovish comments by Fed officials and the easing in bond yields in the U.S. and elsewhere, yields on France's ten-year bonds have decreased 1.6 percent to 3.010%, touching a 3-month low.

read more
Swiss Market Ends Marginally Down

Swiss Market Ends Marginally Down

After an early sharp drop, the Switzerland market recovered some lost ground Monday morning, but stayed in negative territory right through the day's trading session, as investors largely stayed cautious, waiting for directional clues.
RTTNews | 3小时43分钟前
U.S. Factory Orders Pull Back Sharply In June

U.S. Factory Orders Pull Back Sharply In June

After reporting a substantial increase by new orders for U.S. manufactured goods in the previous month, the Commerce Department released a report on Monday showing factory orders pulled back sharply in the month of June. The Commerce Department said factory orders dove by 4.8 percent in June after soaring by an upwardly revised 8.3 percent in May.
RTTNews | 7小时38分钟前
Weak Jobs Data Limits Dollar's Rebound

Weak Jobs Data Limits Dollar's Rebound

A smaller-than expected addition to non-farm payrolls curtailed the dollar's rally fueled by a hawkish Fed stance, higher-than-expected PCE-inflation readings, as well as anxiety ahead of the U.S.-China trade talks and the looming trade tariff deadline.
RTTNews | 7小时40分钟前
Eurozone Investor Sentiment Weakens Unexpectedly

Eurozone Investor Sentiment Weakens Unexpectedly

Euro area investor confidence deteriorated unexpectedly in August as the newly reached trade deal with the U.S. deepened concerns about the current economic situation as well as the outlook, data from the behavioral research institute Sentix showed on Monday. The Sentix investor sentiment index fell steeply to -3.7 in August from 4.5 in July. The measure was expected to climb to 6.2.
RTTNews | 8小时58分钟前
Bay Street Seen Opening On Cautious Note

Bay Street Seen Opening On Cautious Note

Canadian stocks may open on a mixed note on Monday with investors likely to stay cautious ahead of implementation of levies imposed by U.S. President Donald Trump, and a slew of earnings announcements due this week. Weak oil prices may weigh a bit.
RTTNews | 9小时6分钟前
FTSE 100 Modestly Higher; Lloyds Banking Group Rises Nearly 8%

FTSE 100 Modestly Higher; Lloyds Banking Group Rises Nearly 8%

The UK market is up in positive territory on Monday with stocks from the financial sector contributing significantly to the upmove after the outcome from the UK's motor finance investigation turned out to less severe than feared, with potential compensation estimated at 9 billion pounds, much less than the expected quantum o 30 billion pounds.
RTTNews | 9小时58分钟前