CAC 40 Little Changed After Friday's Rally

RTTNews | 759 hari yang lalu
CAC 40 Little Changed After Friday's Rally

(RTTNews) - French stocks were flat to slightly higher on Monday after posting strong gains in the previous session on easing worries about the Fed's interest-rate hiking path.

China reopened its borders for international travel, helping underpin investor sentiment to some extent.

The benchmark CAC 40 was marginally higher at 6,862 after adding 1.5 percent on Friday.

Ipsen fell about 1 percent after the biopharmaceutical company entered into a merger deal with Albireo, a rare disease company focused on the development of bile acid modulators to treat pediatric and adult liver diseases.

Automaker Renault fell 1.6 percent as it announced the success of its Renaulution Shareplan for Group employees. Telecom major Orange S.A. dropped 1.4 percent after it signed a memorandum of understanding with Canal+ Group, a mass media firm, to sell OCS pay TV package and Orange Studio, the film and series co-production arm.

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German Factory Orders Rebound In December

German Factory Orders Rebound In December

Germany's factory orders rebounded at a much stronger than expected pace in December largely driven by the manufacture of transport equipment. New orders increased 6.9 percent month-on-month in December, reversing a revised 5.2 percent fall in November, Destatis reported Thursday. Orders were forecast to grow only 1.9 percent.
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NZ Dollar Slides Against Majors

NZ Dollar Slides Against Majors

The New Zealand dollar weakened against other major currencies in the Asian session on Thursday.
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Asian stock markets are trading mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as concerns over a global trade war eased amid amicable measures from both the US and China. A notable move to the downside by treasury yields also aided the markets' upside. Asian Markets closed mixed on Wednesday.
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