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CAC 40 Gains As Bond Yields Slide
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(RTTNews) - French stocks rose sharply on Tuesday and bond yields declined as markets held out hopes that the U.S. Federal Reserve will soften its hawkish stance after delivering a widely expected 75-bps rate hike on Wednesday.
Yields in the 10-year Bund were close to levels seen right before last week's European Central Bank gathering while the 10-year U.S. Treasury yields dropped 8 basis points (bps) to 3.99 percent.
The benchmark CAC 40 jumped 111 points, or 1.8 percent, to 6,378 after closing 0.1 percent lower on Monday.
TotalEnergies shares rose nearly 3 percent, tracking higher oil prices after OPEC raised its forecasts for world oil demand in the medium- and longer-term in an annual outlook released on Monday.
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European Shares Seen Tad Lower At Open
European stocks are seen opening flat to slightly lower on Friday as a busy week for central bank meetings and key economic releases draws to an end.
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Sensex, Nifty Open Lower After Three Days Of Gains
Indian shares traded lower on Friday due to profit taking after recent gains supported by GST reforms and encouraging progress in India-U.S. trade discussions.
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Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Friday.
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Australian Market Trims Early Gains In Mid-market
The Australian stock market is trimming its early gains in mid-market moves on Friday, reversing the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up near the 8,800 level, with gains in financial, energy and technology stocks partially offset by a mixed performance in mining stocks.
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Asian Markets Trade Mixed
Asian stock markets are trading mixed on Friday, following the broadly positive cues from Wall Street overnight, as traders continued to digest the US Fed's interest rate cut by a quarter point and its impact on the markets. Fed officials' forecasts suggest two more rate cuts this year but just one next year, although there were significant differences of opinion about the outlook.
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Sensex, Nifty Eye Cautious Start After Recent Gains
Indian shares are seen opening little changed on Friday after recent gains supported by GST reforms and encouraging progress in India-U.S. trade discussions.
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Thai Shares May Halt Slide On Friday
The Thai stock market has moved lower in consecutive trading days, shedding more than 10 points of 0.8 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,300-point plateau, although it may find support on Friday.
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Japanese Market Notably Higher
Extending the gains in the previous session, the Japanese market is notably higher on Friday, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 45,700 level, with gains across most sectors led by automakers, financial and technology stocks.
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