CAC 40 Climbs As China Announces New Stimulus Measures

RTTNews | 109 days ago
CAC 40 Climbs As China Announces New Stimulus Measures

(RTTNews) - French stocks advanced on Thursday, with expectations of another big U.S. interest rate cut this year and optimism over fresh stimulus measures from China boosting investor sentiment.

The benchmark CAC 40 was up 121 points, or 1.6 percent, at 7,686 after falling half a percent the previous day.

China-linked LVMH, Hermes International and Kering soared 6-7 percent after Chinese leaders pledged to deploy "necessary fiscal spending" to meet this year's economic growth target of roughly 5 percent.

Air Liquide rose about 1 percent. The supplier of industrial gases said that it will invest close to 60 million euros to take over and operate an Air Separation Unit or ASU under a long-term contract with Wanhua Chemical Group, a supplier of chemical products in Yantai, China.

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Frozen Chicken & Cheese Taquitos Sold At ALDI Stores Recalled

Frozen Chicken & Cheese Taquitos Sold At ALDI Stores Recalled

Valencia, California-based Bestway Sandwiches Inc. has called back around 24,870 pounds of frozen chicken and cheese taquito products citing the potential to be contaminated with foreign material, specifically metal, according to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS.
RTTNews | 5h 15min ago
Asian Markets A Sea Of Red

Asian Markets A Sea Of Red

Asian stock markets are a sea of red on Monday, following the broadly negative cues from Wall Street on Friday, as stronger than expected US employment data weighed heavily on the outlook for interest rates. It raised concerns the US Fed will likely hold interest rates at current levels or slow down the pace of reductions. Rising bond yields also hurt. Asian markets closed mostly lower on Friday.
RTTNews | 7h 8min ago
Indian Shares Likely To Open Lower On Weak Global Cues

Indian Shares Likely To Open Lower On Weak Global Cues

Lower GIFT Nifty futures, and weak global cues amid uncertainty about the outlook for interest rate cuts by the Federal Reserve following upbeat non-farm payroll data point to a negative start for Indian shares on Monday.
RTTNews | 7h 14min ago
Australian Market Drifts Further Lower In Mid-market

Australian Market Drifts Further Lower In Mid-market

The Australian stock market is drifting further lower in mid-market trading on Monday, also adding to the losses in the previous two sessions, with the benchmark S&P/ASX 200 index falling well below the 8,200.00 level, with weakness in financial and technology stocks, partially offset by gains in mining and energy stocks amid spiking commodity prices.
RTTNews | 7h 43min ago
Thai Stock Market Expected To Open In The Red

Thai Stock Market Expected To Open In The Red

The Thai stock market on Friday snapped the two-day slide in which it had stumbled almost 30 points or 2.2 percent. The Stock Exchange of Thailand now sits just beneath the 1,370-point plateau although it figures to head south again on Monday.
RTTNews | 8h 24min ago
Indonesia Bourse May Hand Back Friday's Gains

Indonesia Bourse May Hand Back Friday's Gains

The Indonesia stock market on Friday wrote a finish to the two-day slide in which it had slumped almost 20 points or 0.3 percent. The Jakarta Composite Index now sits just beneath the 7,090-point plateau although it's expected to turn lower again on Monday.
RTTNews | 8h 54min ago
Australian Market Significantly Lower

Australian Market Significantly Lower

The Australian stock market is currently trading significantly lower on Monday, extending the losses in the previous two sessions, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling to near the 8,200.00 level, with weakness in financial and technology stocks, partially offset by gains in mining and energy stocks amid spiking commodity prices.
RTTNews | 9h 1min ago
Hong Kong Shares Tipped To Open To The Downside

Hong Kong Shares Tipped To Open To The Downside

The Hong Kong stock market has finished lower in five straight sessions, retreating more than 700 points or 3.7 percent along the way. The Hang Seng Index now sits just above the 19,060-point plateau and it's expected to extend its misery when it opens on Monday.
RTTNews | 9h 9min ago