CAC 40 Gains On Election Outcome Optimism; Banks Lead Gainers
(RTTNews) - French stocks rose on Thursday amid optimism that the far-right National Rally (RN) party would not get a majority of seats in the French parliament.
France's leftist and centrist parties have pulled hundreds of candidates from Sunday's high-stakes election in a coordinated attempt to prevent the RN from ascending to power.
The centrists and the left-wingers hope that their consolidation can prevent a clean sweep for the RN.
The benchmark CAC 40 was up 57 points, or 0.8 percent, at 7,689 after climbing 1.2 percent the previous day.
Banks topped the gainers list, with BNP Paribas, Credit Agricole and Societe Generale rallying 2-3 percent.
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Asian Markets Mixed Amid Cautious Trades
Asian stock markets are trading mixed on Friday, following the broadly negative cues from global markets overnight, as traders remain cautious and seemed reluctant to make significant moves ahead of the highly anticipated US monthly jobs report later in the day as well as next week's US presidential election. The uncertainty about the outlook for interest rate cuts weighed on market sentiment.
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5h 10min ago
Indian Markets Closed For Diwali
Indian markets remain closed today on account of Diwali. However, there will be a special one-hour Muhurat trading session between 6.00 pm and 7.00 pm.
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5h 51min ago
Japanese Market Sharply Lower; Down 2%
Extending the losses in the previous session, the Japanese stock market is sharply lower on Friday, following the negative cues from global markets overnight. The benchmark Nikkei 225 is falling more than 2 percent to just above the 38,200 level, with weakness across most sectors led by index heavyweights and technology stocks after the BoJ kept rates steady and warned of high uncertainties.
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6h 7min ago
Lower Open Called For Thai Stock Market
The Thai stock market on Thursday snapped the three-day losing streak in which it had slumped more than 15 points or 1.1 percent. The Stock Exchange of Thailand now sits just above the 1,465-point plateau although it's looking at a soft start on Friday.
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6h 27min ago
Indonesia Shares Likely To Head South Again On Friday
The Indonesia stock market on Thursday halted the six-day losing streak in which it had stumbled more than 230 points or 3 percent. The Jakarta Composite Index now rests just beneath the 7,575-point plateau although it's expected to see renewed selling pressure on Friday.
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6h 57min ago
Australian Market Significantly Lower
The Australian stock market is significantly lower on Friday, extending the losses in the previous two sessions, following the broadly negative cues from global markets overnight. The benchmark S&P/ASX 200 is falling to near the 8,100 level, with weakness across most sectors led by mining, financial and technology stocks.
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7h 5min ago
Hong Kong Shares May Take Further Damage On Friday
The Hong Kong stock market has moved lower in two straight sessions, retreating more than 380 points or 1.8 percent along the way. The Hang Seng Index now sits just beneath the 20,320-point plateau and it's expected to open in the red again on Friday.
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7h 12min ago
Australia Producer Prices Climb 0.9% In Q3
Producer prices in Australia were up 0.9 percent on quarter in the third quarter of 2024, the Australian Bureau of Statistics said on Friday.
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7h 27min ago
