CAC 40 Rises As Investors Weigh The US Election Impact

RTTNews | 80 days ago
CAC 40 Rises As Investors Weigh The US Election Impact

(RTTNews) - French stocks traded higher on Friday even as yields on government bonds continued to rise amid inflation concerns and rising odds of a Trump victory in next week's presidential election.

Investors watched Middle East developments closely after reports emerged that Iran is preparing to attack Israel from Iraqi territory in the coming days, possibly before the U.S. election.

Eurozone bonds remained mostly unchanged as signs of accelerating Eurozone inflation raised speculation the European Central Bank will likely adopt a more cautious approach to rate cuts.

The benchmark CAC 40 was up 39 points, or half a percent, at 7,388 after declining 1.1 percent the previous day.

China-related luxury stocks such as LVMH and Herms were seeing modest gains as a private survey showed activity in China's manufacturing sector rebounded in October after a dip into contraction the previous month.

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TikTok Restores Services In US With Trump's Support

TikTok Restores Services In US With Trump's Support

Social media platform TikTok, which had decided to disable services in the United States following the U.S. Supreme Court's decision to upheld a ban, began restoring its services on Sunday after President-elect Donald Trump announced his support. The U.S. Supreme Court on Friday had upheld the Protecting Americans from Foreign Adversary Controlled Applications Act, which was signed into law
RTTNews | 5h 8min ago
Japan Core Machinery Orders Growth Accelerates

Japan Core Machinery Orders Growth Accelerates

Japan's core machinery orders growth accelerated in November, reflecting an increase in capital expenditure, official data revealed Monday. Core machinery orders increased 3.4 percent on a monthly basis, faster than the 2.1 percent increase in October, data from the Cabinet Office showed on Monday. Moreover, this was the second consecutive increase and confounded expectations for a decline.
RTTNews | 5h 16min ago
DAX 30 Up Marginally In Cautious Trade

DAX 30 Up Marginally In Cautious Trade

German stocks are up marginally Monday morning led by notable gains poted by a few big name stocks as investors digest the official data showing an increase in industrial product prices in the month of December, and await some key reports from the U.S. and Europe for clues about interest rates.
RTTNews | 5h 27min ago
NZ Dollar Rises After Risk Appetite

NZ Dollar Rises After Risk Appetite

The New Zealand dollar strengthened against other major currencies in the Asian session on Monday amid risk appetite among traders, following the broadly positive cues from Wall Street on Friday, on renewed optimism about the outlook for interest rates. Traders are also cautious and reluctant to make more significant moves ahead of the inauguration of U.S. President-elect Donald Trump amid speculations on the potential impact of his policies.
RTTNews | 5h 38min ago
NZ Dollar Rises Against Majors

NZ Dollar Rises Against Majors

The New Zealand dollar strengthened against other major currencies in the Asian session on Monday.
RTTNews | 6h 5min ago
SmartDrive Speed Control Dial Recalled Due To Unresponsive Motor

SmartDrive Speed Control Dial Recalled Due To Unresponsive Motor

Advanced medical technology firm Max Mobility/Permobil, part of Patricia Industries, a unit of Sweden's Investor AB, has recalled the Speed Control Dial component used with the SmartDrive MX2+ Power Assist Device, citing the potential safety and performance concerns. The recall was initiated after receiving 646 complaints associated with the Speed Control Dial as of December 12, 2024.
RTTNews | 7h 51min ago
China Retains Loan Prime Rates As Expected

China Retains Loan Prime Rates As Expected

The People's Bank of China maintained its interest rates unchanged for the third straight session on Monday as policymakers await the stance of new US administration. The PBoC left its one-year loan prime rate at 3.10 percent. Similarly, the five-year LPR, the benchmark for mortgage rates, was held at 3.60 percent. The decision matched expectations.
RTTNews | 7h 53min ago