CAC 40 Struggles For Direction Before China Stimulus Briefing
(RTTNews) - French stocks struggled for direction in early trade on Friday as investors waited to see whether Beijing will deliver more fiscal stimulus at a press conference by the finance ministry on Saturday.
The benchmark CAC 40 was marginally higher at 7,545 after closing 0.2 percent lower the previous day.
China-linked luxury stocks such as Kering, Hermes International and LVMH were moving lower ahead of China's policy briefing.
The dollar drifted lower as fresh signs of U.S. labour market weakness spurred hopes for more rate cuts.
The British pound was muted after new data showed the U.K. economy expanded by 0.2 percent in August, following two months of stagnation in June and July.
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Pound Rises Against Majors
The British pound strengthened against other major currencies in the European session on Thursday.
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8h 8min ago
Eurozone Economic Confidence Rises Unexpectedly
Eurozone economic confidence rose unexpectedly in November on improving sentiment among industrial managers and retailers, survey results from the European Commission revealed on Thursday. The economic confidence index rose slightly to 95.8 in November from 95.7 in the previous month. The score was expected to fall to 95.1.
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8h 59min ago
Sensex Plunges 1,190 Points; Nifty Nears 23,900 On F&O Expiry
Indian shares ended sharply lower on Thursday after a modest start.
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9h 17min ago
European Markets Rebound Led By Technology Stocks
European shares rebounded on Thursday, with technology stocks rising after reports emerged that U.S. restrictions on sales of semiconductor technology and AI memory chips to China would not be as severe as previously expected.
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10h 34min ago
Asian Shares Mixed; Chinese And Hong Kong Markets Underperform
Asian stocks ended mixed in thin cautious trade on Thursday amid the Thanksgiving holiday in the U.S.
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11h 3min ago
Indian Rupee Falls To 6-day Low Against U.S. Dollar
The Indian rupee weakened against the U.S. dollar in the Asian session on Thursday.
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11h 10min ago
European Shares Set To Open On Firm Note
European stocks look set to open higher on Thursday, though trading volumes may remain thin due to the Thanksgiving Day holiday in the U.S.
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14h 7min ago
European Economic News Preview: German Flash Inflation Data Due
Flash consumer prices from Germany and Spain and monetary aggregates from the euro area are due on Thursday. At 3.00 am ET, Spain's INE releases flash consumer prices data for November. Inflation is expected to rise to 2.3 percent from 1.8 percent in October.
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14h 36min ago
