CAC 40 Inches Higher On China Demand Hopes

RTTNews | 840 days ago
Stocktwits
CAC 40 Inches Higher On China Demand Hopes

(RTTNews) - French stocks were moving higher on Thursday amid optimism that cooling U.S. inflation would help reduce pressure for aggressive rate hikes from the Federal Reserve.

The dollar held steady and Treasury yields dipped amid bets on further softening of U.S. consumer inflation in December.

Hopes for a pickup in Chinese demand also underpinned sentiment, with upcoming Lunar New Year holidays likely to boost short-term demand.

The benchmark CAC 40 was up 41 points, or 0.6 percent, at 6,965 after rising 0.8 percent the previous day.

China-sensitive Kering rose over 1 percent on optimism over improvement in consumer demand.

Asian markets ended on a muted note earlier in the day while U.S. stock futures were slightly lower in pre-market trading.

Stocktwits
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Singapore Bourse May Extend Wednesday's Gains

Singapore Bourse May Extend Wednesday's Gains

Ahead of Thursday's Labor Day holiday, the Singapore stock market had ended the four-day losing streak in which it had slumped more than 25 points or 0.7 percent. The Straits Times Index now sits just above the 3,830-point plateau and it's likely to open to the upside again on Friday.
RTTNews | 18 minutes ago
Japan Jobless Rate Ticks Up To 2.5% In March

Japan Jobless Rate Ticks Up To 2.5% In March

The unemployment rate in Japan came in at a seasonally adjusted 2.5 percent in March, the Ministry of Internal Affairs and Communications said on Friday.
RTTNews | 23 minutes ago
Malaysia Stock Market Tipped To Open In The Green

Malaysia Stock Market Tipped To Open In The Green

Ahead of Thursday's Labor Day holiday, the Malaysia stock market had bounced higher again - one session after snapping the four-day winning streak in which it had gathered more than 35 points or 2.2 percent. The Kuala Lumpur Composite Index now sits just above the 1,540-point plateau and it may add to its winnings again on Friday.
RTTNews | 48 minutes ago
Japan Shares May See Additional Support On Friday

Japan Shares May See Additional Support On Friday

The Japanese stock market has finished higher in six straight sessions, rallying almost 2,250 points or 6.2 percent along the way. The Nikkei 225 now sits just above the 36,450-point plateau and it's expected to open higher again on Friday.
RTTNews | 1h 3min ago
Rebound Anticipated For South Korea Stock Market

Rebound Anticipated For South Korea Stock Market

Ahead of Thursday's Labor Day holiday, the South Korea stock market had ended the three-day winning streak in which it had climbed more than 40 points or 1.7 percent. The KOSPI now sits just above the 2,555-point plateau although it's expected to bounce higher again on Friday.
RTTNews | 1h 18min ago
New Zealand Building Consents Climb 9.6% In March

New Zealand Building Consents Climb 9.6% In March

The total number of building permits issued in New Zealand was up a seasonally adjusted 9.6 percent on month in March, Statistics New Zealand said on Friday - up sharply from the 0.7 percent increase in February.
RTTNews | 1h 24min ago
Australia Data Due On Friday

Australia Data Due On Friday

Australia will on Friday release Q1 figures for producer prices and March numbers for retail sales, highlighting a busy day for Asia-Pacific economic activity.
RTTNews | 2h 18min ago
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