CAC 40 Rises On China Optimism
(RTTNews) - French stocks rose notably on Monday after China's top leaders said they will focus on boosting the economy next year.
While more concrete policies are expected in March, the main tools for growth will be fiscal stimulus and stable monetary policies, state media quoted a senior Chinese Communist Party official as saying on Saturday.
Investors also reacted positively to the latest survey results showing that a measure of German business sentiment increased for a third straight month in December.
The Ifo business-climate index rose to 88.6 from a revised 86.4 in November.
The benchmark CAC 40 was up 41 points, or 0.6 percent, at 6,493 after closing 1.1 percent lower on Friday.
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Gold Futures Settle Moderately Higher On Safe-haven Buying
Gold futures settled moderately higher on Monday as prices recovered from early lows, with investors picking up the safe-haven commodity amid fears of a prolonged trade war after U.S. President imposed tariffs on Canada, Mexico and China and warned that the EU and the UK could be the next targets for the levy.
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6h 43min ago
U.S. Dollar Falls As Trump Pauses Mexico's Tariffs
The U.S. dollar weakened against its major counterparts in the New York session on Monday, as risk sentiment improved after US President Donald Trump and Mexican President Claudia Sheinbaum agreed to suspend tariffs for one month.
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6h 54min ago
Canadian Market Remains Weak Despite Coming Off Early Lows
After plunging nearly 800 points or more than 3% in early trades on Monday, the Canadian market has staged a good recovery, but still remains firmly down in negative territory with several stocks from industrials, consumer discretionary and financials sectors reeling under sustained selling pressure.
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7h 5min ago
Swiss Market Ends Modestly Lower
The Switzerland market closed weak on Monday although the downside was much less pronounced than the losses posted by most of the major markets in the European region.
The weakness in the market was due to rising fears of a global trade war after the U.S. President Donald Trump imposed tariffs on Canada, Mexico and China and warned that the EU and the UK could be next in line for the levy.
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7h 52min ago
European Stocks Close Notably Lower On Trade War Fears
European stocks closed notably lower on Monday, as imposition of punitive tariffs by the U.S. President Donald Trump on Canada, Mexico and China and his warning that the European Union and the UK could be the next target for the levies triggered a sell-off across the board.
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8h 10min ago
Pound Advances Against Majors
The pound firmed against its major counterparts in the New York session on Monday.
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8h 47min ago
U.S. Construction Spending Climbs Much More Than Expected In December
A report released by the Commerce Department on Monday showed construction spending in the U.S. increased by much more than expected in the month of December. The Commerce Department said construction spending climbed by 0.5 percent to an annual rate of $2.192 trillion in December after rising by 0.2 percent to a revised rate of $2.180 trillion in November.
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11h 5min ago
U.S. Manufacturing Index Indicates Growth For First Time In Over Two Years
Following 26 consecutive months of contraction, the Institute for Supply Management released a report on Monday showing U.S. manufacturing activity expanded in the month of January. The ISM said its manufacturing PMI rose to 50.9 in January from 49.2 in December, with a reading above 50 indicating growth. Economists had expected the index to inch up to 49.8.
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11h 12min ago
