CAC 40 Gains As Bond Yields Fall Ahead Of US Inflation Data
(RTTNews) - French stocks traded higher on Wednesday and bond yields drifted lower ahead of U.S. inflation data due later in the day, expected to show moderation in price pressures. The benchmark CAC 40 was up 58 points, or 0.8 percent, at 7,277 after rallying 1.1 percent the previous day.
The euro regained further traction against the dollar amid rising bets the Federal Reserve is nearing the end of its tightening campaign.
Banks were mostly higher, with Credit Agricole and Societe Generale rising around 1 percent each.
Thales Group shares rose over 2 percent. The defense and technology group said that it started negotiations to acquire Cobham Aerospace Communications, a supplier of safety cockpit communication systems, for $1.1 billion.
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European Shares Seen Higher As Oil Extends Slide On Diplomacy Hopes
European stocks are seen opening higher on Monday as oil prices extended slide to their lowest levels in more than a week on hopes that diplomatic efforts could help ease tensions in West Asia.
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1h 54min ago
Indian Shares Edge Higher As Oil Prices Ease On Diplomacy Hopes
Indian shares opened higher on Monday, tracking mostly positive cues from other Asian markets after Brent crude prices slipped below $102 a barrel on hopes that diplomatic efforts could help ease tensions in West Asia.
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2h 48min ago
Australian Market Trims Early Losses In Mid-market
The Australian stock market is trimming its early losses in mid-market trading on Monday, extending the slight losses in the previous session, following the mixed cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling well below the 8,750.00 level, with weakness in mining stocks partially offset by gains in financial stocks. Most other sectors were mixed.
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4h 10min ago
Asian Markets Trade Mostly Higher
Asian stock markets are trading mostly higher on Monday, following the mixed cues from Wall Street on Friday, as crude oil prices continued to fall amid signs of increased diplomatic efforts to resolve the conflict and restore energy flows in the Middle East, easing concerns over global inflation and the prospect of further interest rate hikes. Asian markets closed mostly higher on Friday.
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4h 14min ago
Indian Shares Set For Cautious Open
Indian shares may open flat to slightly lower on Monday despite gains elsewhere across Asia and higher U.S. equity futures as oil prices fell for a fourth day amid ongoing diplomatic efforts to end the U.S.-Iran conflict.
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4h 42min ago
Rally May Stall For Thai Stock Market
The Thai stock market has moved higher in back-to-back sessions, collecting more than 20 points or 1.4 percent in that span. The Stock Exchange of Thailand now sits just above the 1,580-point plateau although it may ebb on Monday.
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5h 28min ago
Indonesia Stock Market Has Flat Lead For Monday
The Indonesia stock market headed south again on Friday, one day after halting 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 6,440-point plateau and it figures to see little movement again on Monday.
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5h 58min ago
Australian Markets Slightly Lower
The Australian stock market is slightly lower on Monday, extending the slight losses in the previous session, following the mixed cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling well below the 8,750.00 level, with weakness in mining stocks and a mixed performance in most other sectors.
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6h 4min ago
