CAC 40 Gains As Macron Prepares To Appoint New PM

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CAC 40 Gains As Macron Prepares To Appoint New PM

(RTTNews) - French stocks eked out modest gains on Thursday as investors wait for President Emmanuel Macron to appoint a new prime minister.

Macron is seeking a political deal that would allow him to both name a new prime minister and "guarantee the stability of the country," a spokesperson for the outgoing government said Wednesday and insisted there was at the moment no "broader" political alliance than the current one between his centrist allies and conservatives from the Republicans party.

Investors also seek direction from a European Central Bank rate decision later in the day.

The benchmark CAC 40 was up 12 points, or 0.2 percent, at 7,435 after closing 0.4 percent higher on Wednesday.

In corporate news, semiconductor company STMicroelectronics rose about 1 percent after forging a strategic collaboration with Quobly, a French quantum computing startup.

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Sensex, Nifty Snap Winning Streak, Settle On Weak Note

Sensex, Nifty Snap Winning Streak, Settle On Weak Note

The major Indian stock indices Sensex and the Nifty ended on a weak note on Monday as investors chose to take some profits ahead of the Federal Reserve's monetary policy announcement due later this week.
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DAX Modestly Higher In Cautious Trade

DAX Modestly Higher In Cautious Trade

The German stock market is up in positive territory on Monday with investors making some selective purchases ahead of key central bank policy meetings later this week. The Federal Reserve, the Bank of England and the Bank of Japan are scheduled to make their monetary policy announcements this week.
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Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Monday.
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China Industrial Output, Retail Sales Miss Expectations

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European Economic News Preview: Eurozone Foreign Trade Data Due

European Economic News Preview: Eurozone Foreign Trade Data Due

Foreign trade from Eurozone and wholesale prices from Germany are the top economic news due on Monday. At 2.00 am ET, Destatis is scheduled to issue Germany's wholesale prices for August. Economists forecast prices to rise 0.2 percent month-on-month, reversing a 0.1 percent fall in July.
RTTNews | 5घंटे 15 मिनट पहले
Australian Market Slashes Early Losses In Mid-market

Australian Market Slashes Early Losses In Mid-market

The Australian stock market is slashing its early losses in mid-market trading on Monday, giving up some of the gains in the previous session, following the mixed cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling below the 8,850.00 level, with weakness in mining stocks and a mixed performance across other sectors.
RTTNews | 7घंटे 22 मिनट पहले
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Monday, following the mixed cues from Wall Street on Friday, as traders remain cautious ahead of the anticipated interest rate cut after recent US data signaled softer labor conditions and muted inflation. The escalating geopolitical concerns in the Middle East are also weighing on market sentiment. Asian markets closed mostly higher on Friday.
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Rally May Stall For Thai Stock Market

Rally May Stall For Thai Stock Market

The Thai stock market has moved higher in six straight sessions, adding more than 40 points or 3.3 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,295-point plateau although it may be stuck in neutral on Monday.
RTTNews | 9घंटे 9 मिनट पहले