CAC 40 Gains In Cautious Trade
(RTTNews) - French stocks rose on Tuesday after recent string of losses on concerns over a combination of interest-rate, currency and economic risks.
The euro rose and the British pound stabilized after the Bank of England vowed it "will not hesitate" to change interest rates by as much as needed, intending to reassure markets unnerved by last Friday's budget.
The benchmark CAC 40 edged up 34 points, or 0.6 percent, to 5,802 after closing 0.2 percent lower on Monday.
Economy-sensitive automakers were on the rise, with Renault climbing 1.5 percent.
Travel related stocks also gained ground, with Franco-Dutch airline Air France KLM rising 1.2 percent.
Banks traded mixed as Eurozone bond yields hit multi-year highs.
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Malaysia Bourse Expected To Snap Losing Streak
The Malaysia stock market has finished lower in three straight sessions, slipping more than 40 points or 2.2 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,560-point plateau although it may see support on Thursday.
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5h 29min ago
Japan Shares May Stop The Bleeding On Thursday
The Japanese stock market has finished lower in five straight sessions, stumbling more than 1,630 points or 4.3 percent along the way. The Nikkei 225 now rests just beneath the 38,450-point plateau although it may find traction on Thursday.
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5h 44min ago
Renewed Support Anticipated For South Korea Shares
The South Korea stock market ticked lower again on Wednesday, one day after ending the two-day slide in which it had fallen almost 35 points or 1.4 percent. The KOSPI now sits just beneath the 2,500-point plateau although it figures to bounce higher again on Thursday.
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5h 59min ago
Australia Unemployment Data Due On Thursday
Australia will on Thursday release December figures for unemployment, highlighting a modest day for Asia-Pacific economic activity.
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6h 29min ago
Oil Futures Settle Sharply Higher On Inventory Drop, Supply Disruptions Concerns
Oil prices rose sharply on Wednesday as crude inventories in the U.S. dropped in the week ended January 10th. Possibility of supply disruptions due to new sanctions by the U.S. on Russia contributed as well to the rise in oil prices.
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7h 46min ago
TSX Up Nearly 1% As Interest Rate Concerns Drop
The Canadian market is up firmly in positive territory Wednesday afternoon as U.S. consumer price inflation data has raised hopes the Federal Reserve will lower interest rates in its next meeting, or in March 2025.
Technology, real estate, financials and healthcare stocks notably higher. A few stocks from consumer staples, industrials and materials sectors are also up, while shares from the rest
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8h 52min ago
Swiss Market Ends On Firm Note
After a weak start and a subsequent recovery, the Switzerland market suffered a mild setback around early afternoon on Wednesday, but recovered swiftly and climbed higher to end the day's session on a firm note.
Encouraging U.S. and UK consumer price inflation data aided sentiment.
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10h 22min ago
European Stocks Close On Firm Note On Encouraging Economic Data
European stocks closed higher on Wednesday as investors reacted to some encouraging economic data, including consumer price inflation data from the U.K. and the U.S.
The less than expected increase in U.S. consumer price inflation has raised hopes of rates cuts by the Federal Reserve.
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10h 38min ago
