CAC 40 Climbs On Rate Cut Expectations
(RTTNews) - French stocks climbed on Friday amid expectations that the U.S. Federal Reserve and European Central Bank could move to cut rates in September.
Investors also watched the latest political developments after the parliamentary elections on 7 July came as a general surprise.
French Prime Minister Gabriel Attal today said he hoped to prevent a government with far right or far left members being formed after an inconclusive snap election.
The benchmark CAC 40 was up 62 points, or 0.8 percent, at 7,689 after rising 0.7 percent the previous day.
Thales was marginally higher after receiving a contract from the French defense procurement agency to provide thirty dual-band X/Ka satellite communication stations for the French Army.
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Indonesia Stock Market May Take Further Damage On Thursday
The Indonesia stock market has finished lower in six straight sessions, dropping more than 230 points or 3 percent along the way. The Jakarta Composite Index now rests just beneath the 7,570-point plateau and it's tipped to open in the red again on Thursday.
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4h 28min ago
Hong Kong Bourse May Extend Wednesday's Losses
The Hong Kong stock market on Wednesday wrote a finish to the three-day winning streak in which it had improved more than 200 points or 0.9 percent. The Hang Seng Index now sits just above the 20,380-point plateau and it's expected to open to the downside again on Thursday.
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4h 58min ago
Japan Retail Sales Gain 0.5% On Year In September
The value of retail sales in Japan was up 0.5 percent on year in September, the Ministry of Economy, Trade and Industry said on Thursday - coming in at 13.489 trillion yen.
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5h 5min ago
Japan Industrial Output Climbs 1.4% In September
Industrial production in Japan was up a seasonally adjusted 1.4 percent on month in September, the Ministry of Economy, Trade and Industry said on Thursday.
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5h 9min ago
South Korea Industrial Production Slips 0.2% In September
Industrial production in South Korea was down a seasonally adjusted 0.2 percent on month in September, Statistics Korea said on Thursday.
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5h 15min ago
China Shares Expected To Open In The Red
The China stock market has moved lower in consecutive trading days, slipping more than 55 points or 1.7 percent along the way. The Shanghai Composite now sits just above the 3,265-point plateau and it's looking at another soft start again on Thursday.
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5h 28min ago
Losing Streak May Continue For Taiwan Shares
The Taiwan stock market has moved lower in three straight sessions, stumbling more than 525 points or 2.5 percent along the way. The Taiwan Stock Exchange now rests just above the 22,820-point plateau and it may take further damage again on Thursday.
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5h 58min ago
Continued Consolidation Called For KOSPI
The South Korea stock market on Wednesday ended the three-day winning streak in which it had advanced more than 35 points or 1.4 percent. The KOSPI now sits just above the 2,590-point plateau and it's tipped to open under pressure again on Thursday.
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6h 28min ago
