CAC 40 Gains As Bond Yields Slide
(RTTNews) - French stocks rose sharply on Tuesday and bond yields declined as markets held out hopes that the U.S. Federal Reserve will soften its hawkish stance after delivering a widely expected 75-bps rate hike on Wednesday.
Yields in the 10-year Bund were close to levels seen right before last week's European Central Bank gathering while the 10-year U.S. Treasury yields dropped 8 basis points (bps) to 3.99 percent.
The benchmark CAC 40 jumped 111 points, or 1.8 percent, to 6,378 after closing 0.1 percent lower on Monday.
TotalEnergies shares rose nearly 3 percent, tracking higher oil prices after OPEC raised its forecasts for world oil demand in the medium- and longer-term in an annual outlook released on Monday.
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Uber Eats In Deal To Deliver Home Depot Products
Uber Eats, a division of Uber Technologies, Inc., announced a new partnership with home improvement retailer Home Depot Inc. for providing convenient on-demand or scheduled delivery across the United States. Starting Wednesday, customers can order Home Depot products from more than 2,000 store locations through the Uber Eats app.
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8h 9min ago
Bay Street Seen Opening On Mixed Note
Canadian shares are likely to open on a mixed note on Wednesday, tracking positive cues from European markets, and reacting to reports about U.S. President Donald Trump's plans to discuss a potential tariff on goods imported to the U.S. by China via Mexico and Canada.
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8h 38min ago
UK Budget Deficit Surges On Interest Payments
The UK budget deficit more than doubled in December largely due to interest payments, highlighting the challenges faced by Chancellor Rachel Reeves amid high borrowing costs and weaker economic growth. Public sector net borrowing increased GBP 10.1 billion from the last year to GBP 17.8 billion in December, the Office for National Statistics said Wednesday.
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9h 10min ago
Malaysia Central Bank Holds Key Interest Rate Steady At 3%
Malaysia's central bank left its benchmark interest rate unchanged on Wednesday as policymakers expect the economy to sustain growth and inflation to remain manageable.
The Monetary Policy Committee of Bank Negara Malaysia, led by Governor Abdul Rasheed Ghaffour decided to maintain the Overnight Policy Rate at 3 percent, as widely expected.
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9h 26min ago
Sensex, Nifty Rebound Led By IT Stocks
Indian shares ended notably higher on Wednesday, after having fallen sharply in the previous session due to concerns over U.S. President Trump's tariff stance, weak corporate earnings and continued foreign fund outflows.
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11h 36min ago
FTSE 100 Extends Recent Gains
U.K. stocks are extending gains to a seventh straight session as positive moves in other European markets help underpin sentiment on Wednesday. Worries about potential trade tariffs by the Trump Administration and their impact on growth weigh a bit and limit market's gains.
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11h 49min ago
CAC 40 Rises To Near 7-month High
French stocks are up in positive territory Wednesday morning, tracking positive cues from other markets in Europe, amid hopes the European Central Bank will lower interest rate, and that there will be a couple of interest rate cuts by the Federal Reserve this year.
Concerns about imposition of trade tariffs by the Trump administration weigh a bit, limiting market's upside.
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12h 9min ago
DAX Rises On Rate Cut Hopes, Adidas' Upbeat Results
Despite lingering concerns about potential trade tariffs, German stocks are up firmly in positive territory Wednesday morning, reacting to upbeat earnings updates from Adidas, and U.S. President Donald Trump's announcement of a big investment in AI infrastructure in the United States.
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12h 34min ago
