CAC 40 Rebounds Ahead Of ECB Rate Decision

RTTNews | 713 days ago
CAC 40 Rebounds Ahead Of ECB Rate Decision

(RTTNews) - French stocks were sharply higher on Thursday amid expectations that banking chaos might prompt the U.S. Federal Reserve to slow the pace of its rate hikes.

Meanwhile, the European Central Bank (ECB) meets later today, and it is likely that the central bank will not follow through with its pre-commitment of a 50-basis-point hike because of concerns about the health of Europe's banks.

The benchmark CAC 40 was up 88 points, or 1.3 percent, at 6,979 after plummeting 3.6 percent on Wednesday.

Banks BNP Paribas, Credit Agricole and Societe Generale all rose over 2 percent after Swiss lender Credit Suisse said it would borrow up to $54 billion from the Swiss central bank in what it called "decisive action" to calm investors and boost liquidity.

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Japanese Market Modestly Higher

Japanese Market Modestly Higher

The Japanese market is trading modestly higher on Thursday, recouping some of the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving well above the 38,200 level, with gains across most sectors led by index heavyweights and financial stocks.
RTTNews | 5h 37min ago
Little Movement Seen For Indonesia Stock Market

Little Movement Seen For Indonesia Stock Market

The Indonesia stock market on Wednesday snapped the two-day losing streak in which it had stumbled more than 215 points or 3.2 percent. The Jakarta Composite Index now sits just above the 6,600-point plateau and it's expected to remain in that neighborhood again on Thursday.
RTTNews | 5h 49min ago
Australian Market Notably Higher

Australian Market Notably Higher

The Australian market is trading notably higher on Thursday, recouping some of the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,300 level, with gains across most sectors led by mining stocks.
RTTNews | 5h 59min ago
Steady Start Eyed For Hong Kong Stock Market

Steady Start Eyed For Hong Kong Stock Market

The Hong Kong stock market on Wednesday snaped the two-day losing streak in which it had tumbled almost 450 points or 2 percent. The Hang Seng Index now sits just beneath the 23,790-point plateau and it's tipped to open modestly to the upside again on Thursday.
RTTNews | 6h 4min ago
Australia Capex Slips 0.2% In Q4

Australia Capex Slips 0.2% In Q4

The total value of new capital expenditure in Australia was down a seasonally adjusted 0.2 percent on quarter in the fourth quarter of 2024, the Australian Bureau of Statistics said on Thursday - coming in at A$43.961 billion.
RTTNews | 6h 8min ago
China Stock Market May Reclaim 3,400-Point Level

China Stock Market May Reclaim 3,400-Point Level

The China stock market on Wednesday ended the two-day losing streak in which it had given up almost 35 points or 1 percent. The Shanghai Composite Index now rests just above the 3,380-point plateau and it's tipped to open in the green again on Thursday.
RTTNews | 6h 19min ago
Tech Rally May Boost Taiwan Stock Market

Tech Rally May Boost Taiwan Stock Market

The Taiwan stock market on Wednesday ended the two-day slide in which it had given up almost 450 points or 2 percent. The Taiwan Stock Exchange now rests just above the 23,400-point plateau and it may add to its winnings on Thursday.
RTTNews | 6h 49min ago
Singapore Stock Market May See Support At 3,900 Points

Singapore Stock Market May See Support At 3,900 Points

The Singapore stock market has moved lower in three consecutive trading days, slipping more than 20 points or 0.6 percent along the way. The Straits Times Index now sits just beneath the 3,910-point plateau although it may stop the bleeding on Thursday.
RTTNews | 7h 19min ago