CAC 40 Inches Higher As Macron Urges Mainstream Coalition

RTTNews | 112 days ago
CAC 40 Inches Higher As Macron Urges Mainstream Coalition

(RTTNews) - French stocks rose on Thursday as lawmakers make attempts to break the political deadlock.

In a text published regional press on Wednesday, President Emmanuel Macron put responsibility on parliament to negotiate a broad coalition reflecting France's "republican institutions".

"No political force has obtained a sufficient majority on its own and the blocs or coalitions that emerge from these elections are all in the minority," he said.

Investors also reacted to Fed Chair Jerome Powell's balanced remarks on the timing of possible rate cuts and looked ahead to the release of U.S. inflation data later in the day for further direction.

The benchmark CAC 40 was up 52 points, or 0.7 percent, at 7,625 after gaining 0.9 percent the previous day.

Media group Vivendi rallied more than 3 percent after JP Morgan placed the stock on its "positive catalyst watch".

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Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Thursday, following the broadly negative cues from Wall Street overnight, as traders are cautious and remain on the sidelines ahead of key U.S. economic data due this week and next week's US presidential election. They also continue to assess the ongoing geopolitical tensions in the Middle East. Asian Markets closed mostly lower on Wednesday.
RTTNews | 6h 30min ago
Japanese Market Modestly Lower

Japanese Market Modestly Lower

The Japanese stock market is notably lower on Thursday, Giving up some of the gains in the previous three sessions, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 39,100 level, with weakness in index heavyweights, exporters and technology stocks as traders are cautious ahead of the Bank of Japan's monetary policy decision.
RTTNews | 7h 12min ago
Lower Open Called For Thai Stock Market

Lower Open Called For Thai Stock Market

The Thai stock market has moved lower in three straight sessions, slumping more than 15 points or 1.1 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,450-point plateau and it's expected to see continued consolidation on Thursday.
RTTNews | 7h 56min ago
Australian Market Modestly Lower

Australian Market Modestly Lower

The Australian market is trading modestly lower on Thursday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 8,200 level, with a mixed performance across most sectors as a mixed domestic quarterly inflation report reduced expectations for an immediate rate cut from the RBA.
RTTNews | 8h 0min ago
Indonesia Stock Market May Take Further Damage On Thursday

Indonesia Stock Market May Take Further Damage On Thursday

The Indonesia stock market has finished lower in six straight sessions, dropping more than 230 points or 3 percent along the way. The Jakarta Composite Index now rests just beneath the 7,570-point plateau and it's tipped to open in the red again on Thursday.
RTTNews | 8h 26min ago
Hong Kong Bourse May Extend Wednesday's Losses

Hong Kong Bourse May Extend Wednesday's Losses

The Hong Kong stock market on Wednesday wrote a finish to the three-day winning streak in which it had improved more than 200 points or 0.9 percent. The Hang Seng Index now sits just above the 20,380-point plateau and it's expected to open to the downside again on Thursday.
RTTNews | 8h 56min ago
Japan Retail Sales Gain 0.5% On Year In September

Japan Retail Sales Gain 0.5% On Year In September

The value of retail sales in Japan was up 0.5 percent on year in September, the Ministry of Economy, Trade and Industry said on Thursday - coming in at 13.489 trillion yen.
RTTNews | 9h 3min ago