CAC 40 Inches Higher With ECB Meet In Focus
(RTTNews) - French stocks advanced on Thursday ahead of a European Central Bank (ECB) policy meeting later in the day.
In a prelude to an expected Fed move next week, the ECB is expected to cut its baseline interest rate from 4.25 percent to 4 percent due to falling inflation and sluggish growth.
Markets will focus more on comments by ECB President Christine Lagarde to confirm if further rates are to follow in October and December.
The benchmark CAC 40 was up 42 points, or 0.6 percent, at 7,439 after closing 0.1 percent lower the previous day.
The dollar firmed up after August U.S. CPI came in as expected, but core CPI inflation unexpectedly rose to 0.3 percent month-on-month, denting hopes for a 50-bps rate cut at next week's FOMC meeting.
read more
Sensex, Nifty End Slightly Lower In Volatile Trade
Indian shares ended slightly lower on Monday as investors reacted to mixed earnings results and weighed the possible impact of the U.S. presidential elections on the Indian stock market.
RTTNews
|
4h 5min ago
UK House Price Growth Weakens: Rightmove
UK house prices increased at a below seasonal average pace in October due to the rise in buyer choice and increasing seller competition, property website Rightmove said Monday. House prices grew 0.3 percent month-on-month in October, which was much lower than the average seasonal 1.3 percent increase at this time of year. Prices had increased 0.8 percent in September.
RTTNews
|
4h 18min ago
European Shares Lack Direction In Cautious Trade
European stocks were little changed on Monday, even as higher commodity prices boosted mining and energy stocks.
RTTNews
|
5h 5min ago
FTSE 100 Holds Steady; Mining And Energy Stocks Gain
U.K. stocks were marginally higher on Monday as higher commodity prices boosted mining and energy stocks.
RTTNews
|
5h 20min ago
CAC 40 Drifts Lower Amid Lack Of Major Catalysts
French stocks traded lower on Monday and the euro was under pressure in the absence of high-tier data releases.
RTTNews
|
5h 30min ago
DAX Slips Into Red In Lackluster Trade
German stocks were subdued on Monday as investors looked ahead to a slew of earnings results and more economic data this week for directional cues.
RTTNews
|
5h 41min ago
Malaysia GDP Growth Slows In Q3
Malaysia's economy posted a slower growth in the third quarter on a contraction in mining and slower growth in services output, official data revealed Monday. Gross domestic product grew 5.3 percent on a yearly basis in the third quarter after rising 5.9 percent in the previous quarter, advance estimates from Department of Statistics showed.
RTTNews
|
5h 49min ago
Asian Shares Mixed After China Rate Cut
Asian stocks turned in a mixed performance on Monday as China's central bank once again cut interest rates and the country's banks slashed borrowing costs to combat the country's stubborn economic slump.
RTTNews
|
5h 54min ago
