CAC 40 Edges Higher As European Commission Sees Stronger Growth
(RTTNews) - French stocks were moving higher on Monday ahead of a busy week of earnings, economic data releases and speeches by Federal Reserve officials.
The euro was trading higher after the European Commission, the executive arm of the EU, said that Eurozone economic growth will be faster than previous forecast this year and next.
In its regular forecast for the 20 countries that share the euro, the EU executive also raised its forecasts for inflation in the region and warned of tighter financing conditions.
The benchmark CAC 40 was up 33 points, or 0.4 percent, at 7,447 after gaining half a percent on Friday.
Insurer Axa jumped 2.6 percent after reporting a rise in Q1 gross written premiums.
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Indian Shares Edge Up In Cautious Trade; IT Stocks Buck Trend
Indian shares were modestly higher in early trade on Friday as oil prices and bond yields retreated amid optimism surrounding Saudi Arabia's efforts to reroute crude exports through Oman and restore the East-West pipeline.
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19 minutes ago
Australian Market Trims Early Gains In Mid-market
The Australian stock market is trimming its early gains in mid-market moves on Friday, but extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,750 level, with gains in mining stocks partially offset by weakness in energy and technology stocks.
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1h 40min ago
Asian Markets Track Wall Street Higher
Asian markets are mostly higher on Friday, following the positive cues from Wall Street overnight, as a pullback in oil prices and bond yields helped ease global inflation worries and the outlook for interest rates. Market sentiment improved after US President Donald Trump stated that Washington is "hopefully toward the end" of fighting with Iran and that he has spoken "directly" with Iran.
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1h 44min ago
Indian Shares Set To Follow Global Peers Higher As Inflation Concerns Ease
Indian shares are seen opening higher on Friday, tracking gains in global markets as a pullback in oil prices and global bond yields helped ease inflation and interest-rate concerns.
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2h 18min ago
Higher Open Called For Thai Stock Market
The Thai stock market on Thursday halted the six-day losing streak in which it had surrendered more than 55 points or 3.7 percent. The Stock Exchange of Thailand now sits just above the 1,580-point plateau and it's expected to open in the green again on Friday.
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3h 0min ago
Indonesia Stock Market May See Additional Support
The Indonesia stock market on Thursday wrote a finish to the six-day losing streak in which it had tumbled more than 250 points or 3.8 percent. The Jakarta Composite Index now sits just above the 6,460-point plateau and it's likely to open to the upside again on Friday.
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3h 30min ago
Japanese Market Significantly Higher
The Japanese market is trading significantly higher on Friday, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 64,700 level, with gains in index heavyweights and technology stocks partially offset by weakness in automakers, exporters and financial stocks.
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3h 37min ago
Hang Seng Tipped To Remain Rangebound
The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the five-day losing streak in which it had given up more than 850 points or 3 percent. The Hang Seng Index now sits just above the 24,600-point plateau although it's expected to reverse those losses on Friday.
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3h 45min ago
