CAC 40 Edges Higher On Optimism Over US Economy
(RTTNews) - French stocks advanced on Friday as encouraging U.S. labor market data brought some relief to investors worried about a slowing economy.
Also, a measure of China's consumer price inflation surged to a five-month high, providing much-need positive news on the world's second-largest economy.
The dollar hovered close to a one-week high against major rivals in Asian trade while gold edged down slightly as traders pared bets on big rate cuts by the Federal Reserve.
The benchmark CAC 40 was up 62 points, or 0.9 percent, at 7,309 after falling 0.3 percent the previous day.
Banks BNP Paribas, Credit Agricole and Societe Generale were up between 0.8 percent and 1.4 percent.
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Singapore Bourse May Extend Friday's Losses
The Singapore stock market turned lower again on Friday. One day after ending the three-day losing streak in which it had slipped more than 30 points or 0.7 percent. The Straits Times Index now sits just above the 3,800-point plateau and the losses may accelerate on Monday.
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5h 29min ago
Lower Open Anticipated For Malaysia Stock Market
The Malaysia stock market headed south again on Friday, one day after snapping the four-day winning streak in which it had improved more than 30 points or 2 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,575-point plateau and it may open under pressure again on Monday.
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5h 59min ago
Japan Stock Market Expected To Open Under Pressure On Monday
The Japanese stock market on Friday halted the four-day winning streak in which it had accelerated more than 1,500 points or 3.8 percent. The Nikkei 225 now rests just above the 39,930-point plateau and it's expected to see continued consolidation on Monday.
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6h 14min ago
KOSPI May Hand Back Friday's Gains
The South Korea stock market has moved higher in two of three trading days since the end of the three-day losing streak in which it had eased almost 10 points or 0.4 percent. The KOSPI now rests just above the 2,535-point plateau although it figures to head south again on Monday.
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6h 29min ago
China Manufacturing PMI Data Due On Monday
China will on Monday see January results for its manufacturing, non-manufacturing and composite indexes from the National Bureau of Statistics, highlighting a light day for Asia-Pacific economic activity. In December, their scores were 50.1, 52.2 and 52.2, respectively.
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6h 59min ago
TSX Continues To Climb Higher, Extends Winning Streak To 9th Straight Day
Despite moving in a tight band in lackluster trade, the Canadian market closed higher on Friday, extending gains to a ninth straight day, the longest winning run in over three years. Worries about potential new tariffs by the U.S. weighed on sentiment and limited market's upside.
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2 days ago
Dollar Loses Ground Against Major Counterparts
The U.S. dollar fell on Friday amid easing worries about a trade war, and on U.S. President Donald Trump's call to global central banks to lower interest rates.
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2 days ago
Swiss Market Ends Marginally Up
The Switzerland market closed marginally up on Friday after staying in a tight band above the flat line right through the day's trading session. Investors continued to assess recent economic data and U.S. President Donald Trump's remarks about potential new tariffs and call for interest rate cuts.
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2 days ago
