CAC 40 Gains After Bessent's Appointment As US Treasury Secretary

RTTNews | 10 시간 38 분 전
CAC 40 Gains After Bessent's Appointment As US Treasury Secretary

(RTTNews) - French stocks traded higher on Monday after Donald Trump nominated Scott Bessent, a billionaire hedge fund manager and an advocate for deficit reduction, to lead the U.S. Treasury Department.

The benchmark CAC 40 was up 35 points, or half a percent, at 7,289 after rising 0.6 percent on Friday.

Atos SE shares jumped nearly 22 percent. The multinational information technology service and consulting company announced that the French State has made a non-binding proposal to buy 100 percent of the Advanced Computing activities of its BDS division for 500 million euros, based on an enterprise value for a period until May 31, 2025.

Airbus SE, an aeronautics and space company, added 1.4 percent after it announced the launch of a second tranche of its share buyback program, aiming to repurchase up to 2.12 million shares, between November 25 and January 24, 2025.

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Indian Regulator Denies Apple's Request To Pause Antitrust Report

Indian Regulator Denies Apple's Request To Pause Antitrust Report

Apple Inc.'s request to put on hold an investigation report that found the tech major breaching competition laws has been denied by the Indian antitrust regulator, Reuters reported citing an internal order. The Competition Commission of India or CCI has turned down the request, following which the case on Apple's app store practices on its iOS operating system will continue.
RTTNews | 5 시간 33 분 전
Bay Street Likely To Open Lower On Weak Commodity Prices

Bay Street Likely To Open Lower On Weak Commodity Prices

The Canadian market is likely to open with a negative bias Monday morning, tracking weak crude oil and metal prices. U.S. futures are higher, reacting to Donald Trump's decision to nominate hedge fund manager Scott Bessent as U.S. Treasury Secretary.
RTTNews | 6 시간 42 분 전
Dollar's Dazzle Undiminished

Dollar's Dazzle Undiminished

The Dollar's rally continued during the week ended November 22 lifting the 6-currency Dollar Index to a 2-year high.
RTTNews | 7 시간 7 분 전
Pound Rises As Traders Expect BoE Slow Policy-easing Path

Pound Rises As Traders Expect BoE Slow Policy-easing Path

The British pound strengthened against other major currencies in the European session on Monday, as traders anticipate that the Bank of England (BoE) would slow down its policy-easing process in the upcoming month, particularly in light of data that was made public last week that indicated the UK inflation accelerated and once again exceeded the 2 percent target.
RTTNews | 8 시간 53 분 전
Sensex, Nifty Rally On Firm Global Cues

Sensex, Nifty Rally On Firm Global Cues

Indian shares ended Monday's session sharply higher after BJP-led alliance scored significant victory in the Maharashtra state assembly elections, raising expectations for increased government spending to boost domestic demand.
RTTNews | 9 시간 21 분 전
German Business Confidence Weakens In November

German Business Confidence Weakens In November

German business sentiment softened in November on a notable deterioration in current conditions as economic struggles deepened, survey results from ifo Institute showed on Monday. The business climate index fell to 85.7 in November from 86.5 in the previous month. The score was expected to fall moderately to 86.0. At 84.3, the current situation index dropped to the lowest since July 2020.
RTTNews | 9 시간 46 분 전
European Shares Gain On Rate Cut Hopes

European Shares Gain On Rate Cut Hopes

European stocks traded higher at two-week highs on Monday after Donald Trump nominated Scott Bessent, a billionaire hedge fund manager and an advocate for deficit reduction, to lead the U.S. Treasury Department.
RTTNews | 10 시간 8 분 전