CAC 40 Struggles For Direction

RTTNews | 21 days ago
CAC 40 Struggles For Direction

(RTTNews) - French stocks struggled for direction on Monday as investors refrained from making big bets ahead of the highly anticipated U.S. presidential election on Tuesday and the Federal Reserve's interest-rate decision on Thursday.

A flurry of new polls show that Vice President Kamala Harris and former president Donald Trump remain poised for a photo finish in this week's presidential election.

Markets expect the U.S. Federal Reserve to cut interest rates by 25 bps amid economic contradictions, following a supersize 50 basis point move in September.

The benchmark CAC 40 was marginally higher at 7,413 after rising 0.8 percent on Friday.

Schneider Electric fell about 1 percent after the industrials giant ousted CEO Peter Herweck with immediate effect, citing issues with his execution of the company's strategy.

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European Economic News Preview: German Ifo Business Confidence Data Due

European Economic News Preview: German Ifo Business Confidence Data Due

Business confidence survey data from Germany is the only major economic report due on Monday, headlining a light day for the European economic news. At 2.00 am ET, manufacturing sentiment and capacity utilization figures are due from Turkey. At 2.30 am ET, Switzerland's Federal Statistical Office releases employment data for the third quarter.
RTTNews | 5h 25min ago
European Shares Set To Open On Buoyant Note

European Shares Set To Open On Buoyant Note

European stocks look set to open notably higher on Monday after U.S. President-elect Donald Trump picked hedge fund billionaire Scott Bessent as his Treasury Secretary, raising optimism he would recommend "tariffs be layered in gradually".
RTTNews | 6h 10min ago
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, boosted by strong gains in markets in Japan, Indonesia and South Korea as traders remain optimistic about a 25-basis point rate cut by the US Fed in December after data showing consumer sentiment in the U.S. improved less than expected in November.
RTTNews | 8h 16min ago
Sensex, Nifty Set For Gap-up Opening

Sensex, Nifty Set For Gap-up Opening

Indian shares may see a gap-up opening on Monday after BJP-led alliance scored significant victory in the Maharashtra state assembly elections, raising expectations for increased government spending to boost domestic demand.
RTTNews | 9h 14min ago
Japanese Market Sharply Higher

Japanese Market Sharply Higher

The Japanese stock market is trading sharply higher on Monday, adding to the gains in the previous session. The benchmark S&P/ASX 200 is moving above the 38,900 level, following the broadly positive cues from Wall Street on Friday, with gains across most sectors led by index heavyweights, financial and technology stocks after recent data showed headline inflation slowing to a nine-month low.
RTTNews | 9h 23min ago
Thai Stock Market Expected To Open In The Green On Monday

Thai Stock Market Expected To Open In The Green On Monday

The Thai stock market rebounded on Friday, one day after snapping the three-day winning streak in which it had gathered more than 20 points or 1.5 percent. The Stock Exchange of Thailand now sits just above the 1,445-point plateau and it's tipped to open to the upside again on Monday.
RTTNews | 9h 44min ago
Indonesia Stock Market May Add To Its Winnings On Monday

Indonesia Stock Market May Add To Its Winnings On Monday

The Indonesia stock market on Friday ended the two-day losing streak in which it had slumped almost 55 points or 0.8 percent along the way. The Jakarta Composite Index now rests just beneath the 7,200-point plateau and it's expected to open in the green again on Monday.
RTTNews | 10h 14min ago
Australian Market Notably Higher

Australian Market Notably Higher

The Australian stock market is currently trading notably higher on Monday, adding to the gains in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving above the 8,400.00 level, with gains across most sectors led by mining, energy and technology stocks. Financial stocks are the only weak spot.
RTTNews | 10h 28min ago