CAC 40 Rebounds As Norway Strike Called Off

RTTNews | 1134天前
CAC 40 Rebounds As Norway Strike Called Off

(RTTNews) - French stocks advanced on Wednesday and natural gas prices fell sharply, as an end to strike by Norwegian oil and gas workers eased worries of energy supply crunch.

A major energy crisis in Europe has been averted for now after the Norwegian government reportedly intervened to resolve the dispute over pay.

The benchmark CAC 40 rose 60 points, or a little over 1 percent, to 5,855 after declining 2.7 percent on Tuesday.

Among the top gainers, Capgemini, Essilor Luxottica, Airbus Group, Alstom, Dassault Systemes and L'Oreal jumped 2-3 percent.

Car parts maker Faurecia slumped 6.7 percent after Barclays double-downgraded its rating on the stock to "underweight."

Banks declined, with BNP Paribas, Credit Agricole and Societe Generale falling 1-3 percent.

read more
Yen Falls Amid BoJ Rate Hike Uncertainty, Risk-0n Mood

Yen Falls Amid BoJ Rate Hike Uncertainty, Risk-0n Mood

The Japanese yen weakened against other major currencies in the Asian session on Wednesday, as the uncertainty about the likely time of the Bank of Japan's (BoJ) next interest rate hike and the increasing risk-on mood by the investors keeps the safe haven JPY declining.
RTTNews | 30分钟前
Asian Shares Follow Wall Street Higher On Rate Cut Hopes

Asian Shares Follow Wall Street Higher On Rate Cut Hopes

Asian stocks ended mostly higher on Wednesday as in-line U.S. inflation reading bolstered speculation the Federal Reserve will cut interest rates by 25 basis points in September, bringing forward its easing forecast amid fears of a weakening labor market.
RTTNews | 30分钟前
Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Wednesday.
RTTNews | 58分钟前
European Shares Seen Up On Fed Rate Cut Hopes

European Shares Seen Up On Fed Rate Cut Hopes

European stocks are seen opening higher on Wednesday as July U.S. CPI inflation data suggested little impact from President Trump's tariffs, reinforcing bets the Federal Reserve will cut interest rates to support a cooling labor market.
RTTNews | 3小时34分钟前
Sensex, Nifty Modestly Higher In Early Trade

Sensex, Nifty Modestly Higher In Early Trade

Indian shares opened on a firm note Wednesday after official data showed India's consumer price inflation eased more-than-expected in July to the lowest level in just over eight years, bringing inflation below RBI's tolerance band and raising prospects of another interest rate cut.
RTTNews | 4小时32分钟前
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market moves on Wednesday, reversing the gains in the previous two sessions, with the benchmark S&P/ASX 200 falling well below the 8,850 level, despite the broadly positive cues from Wall Street overnight, with weakness in energy and financial stocks partially offset by gains in mining and technology stocks.
RTTNews | 5小时47分钟前
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, boosted by Hong Kong and Japanese markets amid improved outlook for interest rates after US consumer price inflation for July came in line with expectations. The U.S. and China also confirmed a 90-day extension of their trade truce. Asian markets closed mixed on Tuesday.
RTTNews | 5小时58分钟前