CAC 40 Climbs As China Announces New Stimulus Measures

RTTNews | Pred 109 dňami
CAC 40 Climbs As China Announces New Stimulus Measures

(RTTNews) - French stocks advanced on Thursday, with expectations of another big U.S. interest rate cut this year and optimism over fresh stimulus measures from China boosting investor sentiment.

The benchmark CAC 40 was up 121 points, or 1.6 percent, at 7,686 after falling half a percent the previous day.

China-linked LVMH, Hermes International and Kering soared 6-7 percent after Chinese leaders pledged to deploy "necessary fiscal spending" to meet this year's economic growth target of roughly 5 percent.

Air Liquide rose about 1 percent. The supplier of industrial gases said that it will invest close to 60 million euros to take over and operate an Air Separation Unit or ASU under a long-term contract with Wanhua Chemical Group, a supplier of chemical products in Yantai, China.

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Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Monday.
RTTNews | Pred 5 h 32 min
Sensex, Nifty Extending Losses To 4th Straight Day

Sensex, Nifty Extending Losses To 4th Straight Day

Indian shares are down in negative territory Monday morning, weighed down by concerns the Federal Reserve will likely hold interest rates at current levels for longer after data showed a much bigger than expected increase in U.S. non-farm payroll employment in the month of December.
RTTNews | Pred 6 h 26 min
China Exports Log Stronger-Than-Expected Growth

China Exports Log Stronger-Than-Expected Growth

China's exports registered a stronger-than-expected growth in December and the trade surplus hit a record high in 2024 ahead of US President-elect Donald Trump take office next week. Data from the General Administration of Customs on Monday showed that exports advanced 10.7 percent on a yearly basis in December.
RTTNews | Pred 6 h 44 min
European Markets Seen Opening Weak

European Markets Seen Opening Weak

Stock markets in Europe are expected to open on a negative note on Monday amidst caution ahead of the release of CPI numbers from the U.S. on Wednesday.
RTTNews | Pred 6 h 51 min
Frozen Chicken & Cheese Taquitos Sold At ALDI Stores Recalled

Frozen Chicken & Cheese Taquitos Sold At ALDI Stores Recalled

Valencia, California-based Bestway Sandwiches Inc. has called back around 24,870 pounds of frozen chicken and cheese taquito products citing the potential to be contaminated with foreign material, specifically metal, according to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS.
RTTNews | Pred 7 h 43 min
Asian Markets A Sea Of Red

Asian Markets A Sea Of Red

Asian stock markets are a sea of red on Monday, following the broadly negative cues from Wall Street on Friday, as stronger than expected US employment data weighed heavily on the outlook for interest rates. It raised concerns the US Fed will likely hold interest rates at current levels or slow down the pace of reductions. Rising bond yields also hurt. Asian markets closed mostly lower on Friday.
RTTNews | Pred 9 h 36 min
Indian Shares Likely To Open Lower On Weak Global Cues

Indian Shares Likely To Open Lower On Weak Global Cues

Lower GIFT Nifty futures, and weak global cues amid uncertainty about the outlook for interest rate cuts by the Federal Reserve following upbeat non-farm payroll data point to a negative start for Indian shares on Monday.
RTTNews | Pred 9 h 43 min