CAC 40 Rallies As Bond Yields Drop On Relief At Election Results

RTTNews | 123 days ago
CAC 40 Rallies As Bond Yields Drop On Relief At Election Results

(RTTNews) - French stocks rose sharply on Monday while bonds gained in a relief rally as the first round of voting left Le Pen's National Rally looking short of securing a majority in parliament.

The benchmark CAC 40 was up 110 points, or 1.5 percent, at 7,589 after falling 0.7 percent on Friday.

Banks rallied, with BNP Paribas, Credit Agricole and Societe Generale climbing 3-5 percent.

Valneva jumped 5 percent. The European Commission (EC) has granted marketing authorization for the company's chikungunya vaccine IXCHIQ for individuals 18 years of age and older.

Airbus climbed 2.4 percent after it entered into a binding term sheet agreement with Spirit AeroSystems in relation to a potential acquisition of major activities related to Airbus.

Technology firm Atos was marginally lower after reaching a deal with creditors on debt restructure terms.

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TSX Ends On Firm Note As Technology, Consumer Discretionary Stocks Rally

TSX Ends On Firm Note As Technology, Consumer Discretionary Stocks Rally

Canadian benchmark stock index ended with a modest gain on Friday, lifted by strong gains in technology and consumer discretionary sectors. Upbeat earnings updates from big name U.S. companies Intel and Amazon contributed significantly to the firm undertone on Bay Street.
RTTNews | 5h 2min ago
Dollar Rises Against Major Counterparts Ahead Of Eventful Week

Dollar Rises Against Major Counterparts Ahead Of Eventful Week

The U.S. dollar suffered a mild setback in early New York session on Friday after data showing a much smaller than expected increase in non-farm payroll employment growth and an unexpected contraction in the nation's manufacturing activity last month.
RTTNews | 5h 33min ago
Swiss Market Ends On Firm Note On Strong Economic Data

Swiss Market Ends On Firm Note On Strong Economic Data

The Switzerland market closed on a strong note on Friday, in line with markets across Europe, as upbeat results from top U.S. firms Intel and Amazon, and data showing an unexpected drop in Swiss consumer price inflation helped underpin sentiment.
RTTNews | 8h 16min ago
Pound Firms Against Majors

Pound Firms Against Majors

The pound moved up against its major counterparts in the New York session on Friday.
RTTNews | 11h 17min ago
U.S. Construction Spending Inches Slightly Higher In September

U.S. Construction Spending Inches Slightly Higher In September

Reflecting an increase in spending on public construction, the Commerce Department released a report on Friday showed an uptick by U.S. construction spending in the month of September. The report said construction spending crept up by 0.1 percent to an annual rate of $2.149 trillion in September after inching up by 0.1 percent to a revised rate of $2.146 trillion in August.
RTTNews | 12h 0min ago
U.S. Manufacturing Index Unexpectedly Dips To Lowest Level In Over A Year

U.S. Manufacturing Index Unexpectedly Dips To Lowest Level In Over A Year

A report released by the Institute for Supply Management on Friday showed U.S. manufacturing activity unexpectedly contracted at a modestly faster rate in the month of October. The ISM said its manufacturing PMI fell to 46.5 in October from 47.2 in September, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 47.6.
RTTNews | 12h 16min ago