CAC 40 Sees Cautious Gains

RTTNews | 876天前
CAC 40 Sees Cautious Gains

(RTTNews) - French stocks were moving higher on Monday amid expectations that moderating inflation will help the Federal Reserve pull off a soft landing for the economy.

Sentiment was also underpinned after China's central bank cut both one-year and seven-day lending rates by 10 basis points in a surprise move to revive demand.

The upside remained capped after data showed China's economy was struggling with COVID-19 restrictions.

China's industrial production and retail sales growth for July came in well below estimates, youth unemployment hit a record high in July, investment into real estate fell at a faster pace in July than June and investment into manufacturing slowed its pace of growth, suggesting that the post-lockdown recovery is losing steam.

The benchmark CAC 40 was up 21 points, or 0.3 percent, at 6,574 after closing 0.1 percent higher on Friday.

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Euro Rises As Eurozone Inflation Surges At 5-Month High

Euro Rises As Eurozone Inflation Surges At 5-Month High

The euro strengthened against other major currencies in the European session on Tuesday, after Eurozone inflation rose to the highest level in five months in December largely reflecting higher services cost.
RTTNews | 5小时23分钟前
Euro Rises Against Majors

Euro Rises Against Majors

The euro strengthened against other major currencies in the European session on Tuesday. The euro rose to 8-day highs of 0.9441 against the Swiss franc, 1.0434 against the U.S. dollar and 164.55 against the yen, from early lows of 0.9396, 1.0376 and 163.71, respectively.
RTTNews | 5小时36分钟前
Sensex, Nifty Rebound In Cautious Trade

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Indian shares eked out modest gains on Tuesday after suffering heaving losses in the previous session on worries about the HMPV Virus outbreak in the country.
RTTNews | 6小时54分钟前
UK Construction Activity Growth At 6-Month Low

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The UK construction sector growth softened to a six-month low in December as elevated borrowing cost and fragile consumer sentiment weighed on new orders, survey data from S&P Global showed on Tuesday. The construction Purchasing Managers' Index registered 53.3 in December, up from 55.2 in November.
RTTNews | 7小时9分钟前
FTSE 100 Drifts Lower In Lackluster Trade

FTSE 100 Drifts Lower In Lackluster Trade

U.K. stocks are moving in a narrow range below the flat line Tuesday morning with investors digesting a mixed batch of economic data, and reacting to some corporate news.
RTTNews | 7小时18分钟前
German Construction Activity Remains Firmly In Recession Zone

German Construction Activity Remains Firmly In Recession Zone

Germany's construction sector remained deep in the recession zone in December as political uncertainties damped orders, survey data from S&P Global showed on Tuesday. The HCOB construction Purchasing Managers' Index dropped to 37.8 in December from 38.0 in November. The score was the lowest since last April and signaled a notable contraction in the sector.
RTTNews | 7小时40分钟前
CAC Modestly Higher After Inflation Data

CAC Modestly Higher After Inflation Data

French stocks are up in positive territory Tuesday morning, extending gains from previous session, with investors digesting the data on the nation's consumer price inflation, and looking ahead to the euro zone consumer price data.
RTTNews | 7小时41分钟前