CAC 40 Rises Ahead Of Alphabet's Earnings

RTTNews | 706 hari yang lalu
CAC 40 Rises Ahead Of Alphabet's Earnings

(RTTNews) - French stocks traded higher on Tuesday as investors looked ahead to a slew of U.S. economic data as well as tech megacap earnings this week for directional cues.

Google parent Alphabet is due to unveil its earnings later in the day, with investors keen to see how growth at its key search business is progressing during a time of rising competition.

Markets also keep a close eye on the upcoming Nov. 5 U.S. presidential election. A Trump victory may be on the horizon, but most major polls currently show him locked in a tight race with Vice President Kamala Harris.

The benchmark CAC 40 was up 34 points, or half a percent, at 7,591 after climbing 0.8 percent in the previous session.

China-linked Kering, Hermes and LVMH were rising ahead of a top leadership meeting in China next week, expected to discuss stimulus measures.

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Eurozone Private Sector Growth At 41-Month High

Eurozone Private Sector Growth At 41-Month High

The euro area private sector expanded at the fastest pace in nearly three-and-a-half years in September amid rising demand and employment, final purchasing managers' survey data from S&P Global showed Monday. The composite output index posted 53.1 in September, in line with flash estimate, and above August's 52.0.
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Bay Street Likely To Open On Mixed Note

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The U.K. stock market's benchmark index FTSE 100 moved modestly higher on Monday, lifted by gains in mining and energy sectors. Data showing softer growth in UK manufacturing and services sector in the month of September appeared to be limiting market's upside.
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DAX Down Marginally In Cautious Trade

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German stocks turned in a mixed performance on Monday with investors closely following the developments on the geopolitical front in addition to digesting regional economic data. Elevated bond yields amid growing political instability in Europe weighed on sentiment, prompting investors to tread cautiously.
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