CAC 40 Inches Higher In Cautious Trade

RTTNews | 804 days ago
Stocktwits
CAC 40 Inches Higher In Cautious Trade

(RTTNews) - French stocks rose on Monday after Chinese authorities unveiled sweeping measures to rescue the country's struggling property sector.

Investors also awaited the outcome of a rare face-to-face meeting between the leaders of the world's two largest economies taking place on the sidelines of this week's Group of 20 Summit in Bali.

The benchmark CAC 40 was up 31 points, or half a percent, at 6,625 after rising 0.6 percent on Friday.

Banks BNP Paribas, Credit Agricole and Societe Generale were seeing modest gains.

Orange, a telecom major, rose half a percent. The company said that its cyber-security arm, Orange Cyberdefense, has acquired SCRT and Telsys, two Swiss sister firms with expertise in cyber-security and related services. The financial terms of the transaction were not disclosed.

The acquisition further enhances Orange Cyberdefense's expertise in cyber threat intelligence, Orange said in a statement.

Stocktwits
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TSX Continues To Climb Higher, Extends Winning Streak To 9th Straight Day

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.
RTTNews | 1 day ago
Swiss Market Ends Marginally Up

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.
RTTNews | 1 day ago
European Stocks Fail To Hold Early Gains, Close Flat

European Stocks Fail To Hold Early Gains, Close Flat

European stocks closed on a mixed note on Friday, taking a breather of sorts, after recent strong gains amid optimism about further monetary easing by global central banks. Worries about tariff threats eased a bit, but not fully, and investors largely chose to refrain from making significant moves.
RTTNews | 1 day ago
Pound Higher After Strong U.K. PMI Data

Pound Higher After Strong U.K. PMI Data

The pound strengthened against its major counterparts in the New York session on Friday, as the nation's private sector activity expanded at the fastest pace in three months in January.
RTTNews | 1 day ago
U.S. Consumer Sentiment Deteriorates More Than Previously Estimated In January

U.S. Consumer Sentiment Deteriorates More Than Previously Estimated In January

Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. unexpectedly deteriorated by more than previously estimated in the month of January. The University of Michigan said its consumer sentiment index for January was downwardly revised to 71.1 from the preliminary reading of 73.2. Economists had expected the index to be unrevised.
RTTNews | 1 day ago
Eurozone Private Sector Grows In January

Eurozone Private Sector Grows In January

Euro area private sector returned to growth in January as the contraction in manufacturing activity slowed and the services sector continued to expand, albeit at a slower pace, results of the purchasing managers' survey by S&P Global showed on Friday.
RTTNews | 1 day ago
U.S. Existing Home Sales Jump Much More Than Expected In December

U.S. Existing Home Sales Jump Much More Than Expected In December

A report released by the National Association of Realtors on Friday showed existing home sales in the U.S. jumped by much more than expected in the month of December. NAR said existing home sales shot up by 2.2 percent to an annual rate of 4.24 million in December after surging by 4.7 percent to a rate of 4.15 million in November.
RTTNews | 1 day ago
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