CAC 40 Gains Ahead Of ECB Rate Decision; Publicis Shares Jump Over 4%

RTTNews | 103 days ago
CAC 40 Gains Ahead Of ECB Rate Decision; Publicis Shares Jump Over 4%

(RTTNews) - French stocks were moving higher on Thursday ahead of a European Central Bank (ECB) policy meeting later in the day.

The ECB is all but certain to keep interest rates steady but may open the door open for a September rate cut.

The benchmark CAC 40 was up 29 points, or 0.4 percent, at 7,600 after closing 0.1 percent lower the previous day.

Automaker Renault rose about 1 percent after industry data showed new car sales in the EU recovered strongly in June, driven by gains in three out of the region's four major markets.

New car registrations rose 4.3 percent year-over-year to 1.089 million units in June, reversing a 3.0 percent fall in May.

Publicis Groupe jumped 4.5 percent. The advertising group raised its organic growth target for 2024 after reporting better than expected results for the first half of the year.

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Australian Market Modestly Lower

Australian Market Modestly Lower

Australian shares are trading modestly lower on Wednesday, giving up some of the gains in the previous three sessions, with the benchmark S&P/ASX 200 staying above the 8,200 level, following the mixed cues from Wall Street overnight, with weakness in energy and financial stocks partially offset by gains in iron ore miners.
RTTNews | 4h 5min ago
Rally May Stall For Hong Kong Stock Market

Rally May Stall For Hong Kong Stock Market

The Hong Kong stock market has moved higher in three straight sessions, gathering more than 200 points or 0.9 percent along the way. The Hang Seng Index now sits just above the 20,700-point plateau although it may be stuck in neutral on Wednesday.
RTTNews | 4h 17min ago
China Stock Market May Reverse Tuesday's Losses

China Stock Market May Reverse Tuesday's Losses

The China stock market on Tuesday snapped the two-day winning streak in which it had climbed more than 40 points or 1.2 percent. The Shanghai Composite now sits just above the 3,285-point plateau although it may bounce higher again on Wednesday.
RTTNews | 4h 32min ago
Australia Inflation Adds 0.2% On Quarter In Q3

Australia Inflation Adds 0.2% On Quarter In Q3

Consumer prices in Australia were up a seasonally adjusted 0.2 percent on quarter in the third quarter of 2024, the Australian Bureau of Statistics said on Wednesday.
RTTNews | 4h 50min ago
Tech Shares May Lift Taiwan Stock Market

Tech Shares May Lift Taiwan Stock Market

The Taiwan stock market has moved lower in back-to-back sessions, stumbling almost 425 points or 2 percent along the way. The Taiwan Stock Exchange now rests just above the 22,925-point plateau although it's due for support on Wednesday.
RTTNews | 5h 2min ago
Singapore Bourse May Be Stuck In Neutral On Wednesday

Singapore Bourse May Be Stuck In Neutral On Wednesday

The Singapore stock market on Tuesday snapped the two-day losing streak in which it had slipped more than 20 points or 0.6 percent. The Straits Times Index now sits just above the 3,590-point plateau although it may spin its wheels on Wednesday.
RTTNews | 5h 32min ago
Little Movement Expected For Malaysia Stock Market

Little Movement Expected For Malaysia Stock Market

The Malaysia stock market on Tuesday wrote a finish to the six-day losing streak in which it had stumbled more than 35 points or 2.3 percent. The Kuala Lumpur Composite Index now sits just above the 1,615-point plateau and it's likely to hold steady in that neighborhood again on Wednesday.
RTTNews | 6h 2min ago
KOSPI May Run Out Of Steam On Wednesday

KOSPI May Run Out Of Steam On Wednesday

The South Korea stock market has moved higher in three straight sessions, advancing more than 35 points or 1.4 percent along the way. The KOSPI now sits just above the 2,615-point plateau although it may spin its wheels on Wednesday.
RTTNews | 6h 31min ago