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CAC 40 Moderately Higher After Services Sector Activity Data

RTTNews | 633 hari yang lalu

CAC 40 Moderately Higher After Services Sector Activity Data

(RTTNews) - French stocks are up firmly in positive territory Monday morning after opening on a fairly bright note, as investors react to data showing an improvement in the nation's services sector activity in the month of December.

The benchmark CAC 40 index is up 50.18 points or 0.69% at 7,332.40.

Data from S&P Global showed that the HCOB France Composite PMI was revised up to 47.5 in December 2024, up from the flash estimate of 46.7 and above the ten-month low of 45.9 seen in November.

The HCOB France Services PMI rose to 49.3 in December 2024, up from the initial estimates of 48.2 and compared to 46.9 in the previous month.

However, the manufacturing sector contracted sharply in December with reading for the month coming in at 41.9, compared to the preliminary estimate of 43.1.

STMicroElectronics is rising nearly 5.5% after Taiwan's Foxconn posted stronger than expected revenue for the fourth quarter.

Dassault Systemes is gaining 3.5%, while Schneider Electric, Hermes International and Legrand are up 2 to 2.5%.

LVMH, Stellantis, Capgemini, Kering, Eurofins Scientific, Teleperformance, Societe Generale, Renault, BNP Paribas and Saint Gobain are up 1 to 2%.

Safran, Publicis Groupe, Thales and Engie are down 1 to 1.2%. Airbus Group, Danone, ArcelorMittal, AXA, Accor, Bouygues and Carrefour are with modest losses.

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Thai Stock Market May Extend Thursday's Gains

Thai Stock Market May Extend Thursday's Gains

The Thai stock market on Thursday ended the three-day losing streak in which it had fallen almost 50 points or 3.1 percent. The Stock Exchange of Thailand now sits just above the 1,560-point plateau and it may open to the upside again on Friday.

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Indonesia Stock Market Overdue For Support

Indonesia Stock Market Overdue For Support

The Indonesia stock market has finished lower in six straight sessions, tumbling more than 360 points or 5.4 percent along the way. The Jakarta Composite Index now sits just above the 6,000-point plateau and it may stop the bleeding on Friday.

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Japanese Market Significantly Lower

Japanese Market Significantly Lower

The Japanese market is trading significantly lower on Friday, reversing some of the gains in the previous two sessions, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling below the 68,400 level, with weakness in index heavyweights and automaker stocks.

RTTNews | 1 jam 7 menit yang lalu

Australian Market Notably Higher

Australian Market Notably Higher

The Australian stock market is trading notably higher on Friday, reversing some of the sharp losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,650 level, with gains in energy, financial and technology stocks.

RTTNews | 1 jam 30 menit yang lalu

Higher Open Anticipated For Hong Kong Shares

Higher Open Anticipated For Hong Kong Shares

Ahead of Thursday's holiday for National Day, the Hong Kong stock market had moved higher in two of three trading days since the end of the three-day slide in which it had given up almost 600 points or 2.5 percent. The Hang Seng now sits just above the 24,610-point plateau and it's tipped to open in the green on Friday.

RTTNews | 1 jam 33 menit yang lalu

Taiwan Stock Market May Tick Higher Again On Friday

Taiwan Stock Market May Tick Higher Again On Friday

The Taiwan stock market has moved higher in two straight sessions, climbing more than 700 points or 1.5 percent along the way. The Taiwan Stock Exchange now sits just above the 48,350-point plateau and it may see mild upside again on Friday.

RTTNews | 2 jam 3 menit yang lalu

Bargain Hunting May Boost Singapore Stock Market

Bargain Hunting May Boost Singapore Stock Market

The Singapore stock market has finished lower in three straight sessions, shedding almost 65 points or 1.2 percent in that span. The Straits Times Index now sits just above the 5,665-point plateau although it's due for support on Friday.

RTTNews | 2 jam 33 menit yang lalu

Japan Jobless Rate Climbs To 2.5%

Japan Jobless Rate Climbs To 2.5%

The unemployment rate in Japan came in at a seasonally adjusted 2.5 percent in August, the Ministry of Internal Affairs and Communications said on Friday.

RTTNews | 2 jam 58 menit yang lalu

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