CAC 40 Climbs On Rate Cut Expectations
(RTTNews) - French stocks climbed on Friday amid expectations that the U.S. Federal Reserve and European Central Bank could move to cut rates in September.
Investors also watched the latest political developments after the parliamentary elections on 7 July came as a general surprise.
French Prime Minister Gabriel Attal today said he hoped to prevent a government with far right or far left members being formed after an inconclusive snap election.
The benchmark CAC 40 was up 62 points, or 0.8 percent, at 7,689 after rising 0.7 percent the previous day.
Thales was marginally higher after receiving a contract from the French defense procurement agency to provide thirty dual-band X/Ka satellite communication stations for the French Army.
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Asian Markets Trade Mixed
Asian stock markets are trading mixed on Thursday, following the broadly negative cues from Wall Street overnight, as traders are cautious and remain on the sidelines ahead of key U.S. economic data due this week and next week's US presidential election. They also continue to assess the ongoing geopolitical tensions in the Middle East. Asian Markets closed mostly lower on Wednesday.
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4h 26min ago
Sensex, Nifty Likely To Follow Global Peers Lower
Indian shares are seen opening a tad lower on Thursday, heading into a long holiday weekend.
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4h 39min ago
Japanese Market Modestly Lower
The Japanese stock market is notably lower on Thursday, Giving up some of the gains in the previous three sessions, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 39,100 level, with weakness in index heavyweights, exporters and technology stocks as traders are cautious ahead of the Bank of Japan's monetary policy decision.
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5h 8min ago
Lower Open Called For Thai Stock Market
The Thai stock market has moved lower in three straight sessions, slumping more than 15 points or 1.1 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,450-point plateau and it's expected to see continued consolidation on Thursday.
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5h 52min ago
Australian Market Modestly Lower
The Australian market is trading modestly lower on Thursday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 8,200 level, with a mixed performance across most sectors as a mixed domestic quarterly inflation report reduced expectations for an immediate rate cut from the RBA.
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5h 55min ago
Indonesia Stock Market May Take Further Damage On Thursday
The Indonesia stock market has finished lower in six straight sessions, dropping more than 230 points or 3 percent along the way. The Jakarta Composite Index now rests just beneath the 7,570-point plateau and it's tipped to open in the red again on Thursday.
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6h 22min ago
Hong Kong Bourse May Extend Wednesday's Losses
The Hong Kong stock market on Wednesday wrote a finish to the three-day winning streak in which it had improved more than 200 points or 0.9 percent. The Hang Seng Index now sits just above the 20,380-point plateau and it's expected to open to the downside again on Thursday.
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6h 52min ago
Japan Retail Sales Gain 0.5% On Year In September
The value of retail sales in Japan was up 0.5 percent on year in September, the Ministry of Economy, Trade and Industry said on Thursday - coming in at 13.489 trillion yen.
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6h 59min ago
