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CAC 40 Edges Higher Led By Banks

RTTNews | 700 hari yang lalu

CAC 40 Edges Higher Led By Banks

(RTTNews) - French stocks eked out modest gains on Monday after the Federal Reserve's preferred gauge of inflation rose less than expected in February, boosting optimism policymakers might hit the pause button on rate hikes in May.

Investors shrugged off the results of a survey pointing to a second successive month of falling factory activity,

S&P Global France Manufacturing PMI was revised lower to 47.3 in March 2023 from a preliminary estimate of 47.7 and below February's 47.4.

The benchmark CAC 40 was up 28 points, or 0.3 percent, at 7,347 after climbing 0.8 percent on Friday.

Banks rose, with BNP Paribas, Credit Agricole and Societe Generale gaining 1-2 percent.

Airline Air France KLM fell over 1 percent as oil prices jumped more than 5 percent after a surprise oil output cut announcement by Saudi Arabia and other major oil producers.

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Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming its early losses in mid-market moves on Tuesday, reversing the gains in the previous session, following the negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,200 level, with weakness across most sectors led by mining and technology stocks, after US President Donald Trump confirmed he will move forward with higher tariffs.

RTTNews | 5j 33min yang lalu

Sensex, Nifty Likely To Drift Lower On Trade War Fears

Sensex, Nifty Likely To Drift Lower On Trade War Fears

Indian shares may drift lower on Tuesday against the backdrop of persistent FII selling, continuing uncertainty around tariffs and ongoing geopolitical tensions between Russia and Ukraine.

RTTNews | 5j 42min yang lalu

Japanese Market Sharply Lower

Japanese Market Sharply Lower

The Japanese stock market is trading sharply lower on Tuesday, reversing the sharp gains in the previous session, following the negative cues from Wall Street overnight, with the Nikkei 225 falling well below the 37,300 level, with weakness across most sectors led by index heavyweights and technology stocks, after US President Donald Trump confirmed he will move forward with higher tariffs.

RTTNews | 6j 52min yang lalu

Australian Market Significantly Lower

Australian Market Significantly Lower

The Australian stock market is trading significantly lower on Tuesday, reversing the gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,200 level, with weakness across most sectors led by mining and technology stocks, after US President Donald Trump confirmed he will move forward with higher tariffs.

RTTNews | 7j 14min yang lalu

TSX Ends Sharply Lower As Stocks Tumble On Tariff Jitters

TSX Ends Sharply Lower As Stocks Tumble On Tariff Jitters

The Canadian market ended sharply lower on Monday due to heavy selling in energy and technology sectors. Stocks from materials, industrials and consumer discretionary sectors were the other major losers.

RTTNews | 8j 55min yang lalu

Dollar Loses Ground On Growth Worries

Dollar Loses Ground On Growth Worries

The U.S. dollar drifted lower on Monday, losing ground against almost all its major counterparts, amid rising concerns about global growth, and prospects of a rate cut by the Federal Reserve earlier than expected.

RTTNews | 9j 30min yang lalu

Euro Rallies Amid Ukraine Peace Plan

Euro Rallies Amid Ukraine Peace Plan

The euro firmed against its major counterparts on Monday, amid the prospect of higher defense spending in Europe to deter Russian aggression.

RTTNews | 12j 29min yang lalu

Canadian Market Down Firmly In Negative Territory

Canadian Market Down Firmly In Negative Territory

The Canadian market, which retreated after a positive start Monday morning, continues to languish in negative territory well past noon, with stocks from technology and energy sectors reeling under selling pressure.

RTTNews | 12j 30min yang lalu

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