CAC 40 Edges Higher In Cautious Trade

RTTNews | 1239 days ago
CAC 40 Edges Higher In Cautious Trade

(RTTNews) - French stocks rose slightly on Thursday and the euro hovered near a one-year high against the dollar as Europe's resilient economy contrasted with the baking turmoil and an impending recession in the United States.

The benchmark CAC 40 was up 31 points, or 0.4 percent, at 7,497 after declining 0.9 percent the previous day.

TotalEnergies fell about 1 percent after oil prices fell nearly 4 percent overnight on demand worries.

Drug maker Sanofi edged up slightly after posting better-than-expected results for the first quarter and backing its earnings view.

Spirits group Pernod Ricard was little changed despite reporting a decline in third-quarter sales.

Schneider Electric added 1.6 percent after reporting a rise in Q1 revenue and lifting its FY23 organic growth view.

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Indian Shares Edge Higher In Cautious Trade

Indian Shares Edge Higher In Cautious Trade

Indian shares eked out modest gains in cautious trade on Thursday as investors weighed a Federal Reserve's hawkish rate hike as well as tightening U.S. sanctions on Russian oil against falling crude oil prices in international markets.
RTTNews | 42 minutes ago
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian market is trimming its early gains in mid-market moves on Thursday, but extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,700 level, with gains in iron ore miners and financial stocks partially offset by weakness in gold miners, energy and technology stocks.
RTTNews | 1h 56min ago
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian markets are trading mostly higher on Thursday, despite the broadly negative cues from Wall Street overnight, amid a pullback of the surge in long-term bond yields after the US Fed delivered the first interest rate hike in more than three years since July 2023. Crude oil prices also pulled back on easing Middle East supply concerns amid reports of Saudi Arabia loading crude cargoes via Oman.
RTTNews | 2h 7min ago
Oversold Thai Stock Market Called Lower Again

Oversold Thai Stock Market Called Lower Again

The Thai stock market has moved lower in six straight sessions, retreating more than 55 points or 3.7 percent along the way. The Stock Exchange of Thailand now sits just above the 1,560-point plateau and it's expected to open under water again on Thursday.
RTTNews | 3h 26min ago
No Help Yet For Indonesia Stock Market

No Help Yet For Indonesia Stock Market

The Indonesia stock market has finished lower in six straight sessions, sinking more than 250 points or 3.8 percent along the way. The Jakarta Composite Index now sits just above the 6,430-point plateau and it's likely to open lower again on Thursday.
RTTNews | 3h 56min ago
Japanese Market Modestly Higher

Japanese Market Modestly Higher

The Japanese market is trading modestly higher on Thursday, extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The Nikkei 225 is moving well above the 64,000 mark, with gains in index heavyweights, automakers, exporters and financial stocks partially offset by weakness in technology stocks.
RTTNews | 4h 8min ago
Hang Seng Likely To Remain Rangebound

Hang Seng Likely To Remain Rangebound

The Hong Kong stock market has moved higher in two of three 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 24,710-point plateau although it's looking at a soft start on Thursday.
RTTNews | 4h 11min ago