CAC 40 Climbs As China Announces New Stimulus Measures

RTTNews | vor 23 Tagen
CAC 40 Climbs As China Announces New Stimulus Measures

(RTTNews) - French stocks advanced on Thursday, with expectations of another big U.S. interest rate cut this year and optimism over fresh stimulus measures from China boosting investor sentiment.

The benchmark CAC 40 was up 121 points, or 1.6 percent, at 7,686 after falling half a percent the previous day.

China-linked LVMH, Hermes International and Kering soared 6-7 percent after Chinese leaders pledged to deploy "necessary fiscal spending" to meet this year's economic growth target of roughly 5 percent.

Air Liquide rose about 1 percent. The supplier of industrial gases said that it will invest close to 60 million euros to take over and operate an Air Separation Unit or ASU under a long-term contract with Wanhua Chemical Group, a supplier of chemical products in Yantai, China.

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TSX Continues To Move Up North, Ends 0.53% Up At New High

TSX Continues To Move Up North, Ends 0.53% Up At New High

The Canadian market climbed to a new record high on Friday, rising for a third straight day, thanks to strong gains in materials stocks as metal prices surged to record highs. Continued optimism about interest rate cuts by the Bank of Canada also aided sentiment.
RTTNews | vor 12Std 40 Minuten
Dollar Turns Weak After Recent Gains

Dollar Turns Weak After Recent Gains

The U.S. dollar turned a bit weak on Friday, snapping a five-day winning streak, with global stocks moving higher on increased risk appetite after the Chinese government announced a couple of funding schemes.
RTTNews | vor 13Std 18 Minuten
TSX Rises To New High; Materials Shares Rally

TSX Rises To New High; Materials Shares Rally

The Canadian market is up firmly in positive territory Friday afternoon after posting a new high for the third straight day. Materials stocks are contributing to the move up north, with firm metal prices triggering hectic buying at several counters in the sector.
RTTNews | vor 16Std 41 Minuten
Canadian Dollar Weakens As Oil Prices Fall

Canadian Dollar Weakens As Oil Prices Fall

The Canadian dollar declined against its most major counterparts in the New York session on Friday, as oil prices dropped on concerns about slowing demand from China.
RTTNews | vor 16Std 59 Minuten
Swiss Market Closes Modestly Higher

Swiss Market Closes Modestly Higher

The Switzerland market ended modestly higher on Friday after a choppy ride as investors looked ahead to more interest rate cuts from central banks after the European Central Bank cut rates for the third time this year.
RTTNews | vor 17Std 8 Minuten
Major European Markets Close Higher

Major European Markets Close Higher

European stocks closed higher on Friday and the major markets in the region posted second straight week of gains, as investors continued to cheer the European Central Bank's rate cut decision, and remained optimistic about more rate cuts by several other central banks. Markets also reacted to positive economic data from China, and digested the latest batch of earnings updates and other corporate
RTTNews | vor 17Std 30 Minuten
U.S. Housing Starts Pull Back Modestly As Multi-Family Starts Extend Plunge

U.S. Housing Starts Pull Back Modestly As Multi-Family Starts Extend Plunge

After reporting a sharp increase in new residential construction in the U.S. in the previous month, the Commerce Department released a report on Friday showing a modest pullback by housing starts in the month of September. The Commerce Department said housing starts fell by 0.5 percent to an annual rate of 1.354 million in September.
RTTNews | vor 20Std 54 Minuten
CPSC Recalls: Textron ROVs, Colsen Fire Pits, Anker Power Banks, Oliva Cigar Lighters

CPSC Recalls: Textron ROVs, Colsen Fire Pits, Anker Power Banks, Oliva Cigar Lighters

The U.S. Consumer Product safety Commission or CPSC has announced recalls including Textron Specialized Vehicles' Recreational Off Highway vehicles, Colsen Fire Pits LLC's Fire Pits, Anker Innovations Ltd.'s Anker Power Banks, and Oliva Cigars Co. Inc.'s Cigar Lighters, citing various reasons. In most of the recalls, consumers are urged to immediately stop using the recalled product
RTTNews | vor 20Std 59 Minuten