CAC 40 Subdued As US Midterm Election Results Roll In
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(RTTNews) - French stocks were little changed on Wednesday as investors awaited the results of U.S. midterm elections, which will determine control of the House and Senate.
A split government is viewed as a more favorable outcome for financial markets.
The dollar edged higher ahead of the U.S. consumer price inflation report due on Thursday, which might suggest the path for interest rates ahead.
Economists expect a modest slowdown in the annual rate of consumer price growth, which could add to optimism about a slowdown in the pace of rate hikes.
The benchmark CAC 40 slipped 0.1 percent to 6.434 after closing 0.4 percent higher on Tuesday.
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Asian Shares Rise After Trump's China Comments
Asian stocks rose broadly on Friday after U.S. President Donald Trump said during an interview that his recent conversation with Chinese President Xi Jinping was friendly and that he would rather not impose tariffs on China, suggesting a potentially softer stance on tariffs against the country.
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European Shares Poised For Steady Open
European stocks look set to open a tad higher on Friday despite U.S. President Donald Trump reiterating tariff, tax threats on foreign countries in his inaugural address at the World Economic Forum 2025 in Davos.
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Sensex, Nifty Subdued On Trump's Tariff Threats
Indian shares were subdued on Friday after U.S. President Donald Trump reiterated his firm stance on tariffs.
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Asian Markets Trade Mixed
Asian stock markets are trading mixed on Friday, following the positive cues from Wall Street overnight, on hopes some major central banks, including the US Fed will lower interest rates in the first quarter after US President Donald Trump said he will "demand that interest rates drop immediately" in the US to stimulate domestic growth. Asian markets ended mixed on Thursday.
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Australian Market Maintains Gains In Mid-market
The Australian stock market is maintaining its early gains in mid-market trading on Friday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,400 level, with gains in financial and technology stocks partially offset by weakness in mining and energy stocks.
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Sensex, Nifty Likely To Follow Global Peers Higher
Indian shares may open on a positive note Friday, tracking firm cues from global markets.
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Renewed Support Anticipated For Thai Stock Market
The Thai stock market on Thursday ended the two-day winning streak in which it had improved more than 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just beneath the 1,345-point plateau although it figures to rebound on Friday.
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Japanese Market Notably Higher
Adding to the gains in the previous four sessions, the Japanese market is notably higher on Friday, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 40,100 level, as traders remain cautious ahead of the Bank of Japan's monetary policy decision later in the day.
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