CAC 40 Edges Higher As Investors Shrug Off Inflation Concerns
(RTTNews) - French stocks were moving higher on Tuesday despite concerns that a jump in oil prices might stoke inflation and prompt the Federal Reserve to act more aggressively. Investors cheered the results of an ECB survey showing that consumer expectations for euro-area inflation fell for a second month.
The benchmark CAC 40 was up 22 points, or 0.3 percent, at 7,369 after rising 0.3 percent the previous day.
Banks BNP Paribas, Credit Agricole and Societe Generale were up between 0.8 percent and 1.5 percent.
L'Oreal shares rose half a percent after the cosmetics group reached a deal with Brazil's Natura & Co to acquire its Australian luxury brand Aesop at an enterprise value of $2.53 billion.
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European Economic News Preview: Eurozone Unemployment Data Due
Unemployment from the euro area and Spain are the top economic news due on Tuesday, headlining a light day for the European economic news. At 3.00 am ET, Spain's labor agency publishes monthly unemployment data for February. The number of unemployed is expected to rise to 45,200 from 38,700 in the previous month.
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6h 1min ago
European Shares May Face Selling Pressure On Trade War Fears
European stocks may succumb to selling pressure on Tuesday after U.S. President Donald Trump paused all military aid for Ukraine to ensure that it will contribute to a solution.
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6h 3min ago
Sensex, Nifty Open Lower On Weak Global Cues
Indian shares opened lower on Tuesday amid persistent FII selling, continuing uncertainty around tariffs and ongoing geopolitical tensions between Russia and Ukraine.
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7h 13min ago
Asian Markets Track Wall Street Lower
Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, amid concerns about the economic impact after U.S. President Donald Trump confirmed the 25% tariffs on Canada and Mexico as well as the additional 10 percent tariff on China will take effect Tuesday. The reciprocal tariffs on other U.S. trade partners will be imposed on April 2.
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8h 14min ago
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.
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8h 52min ago
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
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9h 1min ago
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.
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10h 11min ago
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.
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10h 32min ago
