CAC 40 Extends Gains As Inflation Worries Ease

RTTNews | 849 dagar sedan
Stocktwits
CAC 40 Extends Gains As Inflation Worries Ease

(RTTNews) - French stocks opened higher on Tuesday as Prime Minister Elisabeth Borne said that inflation was expected to peak at the start of 2023 before retreating.

"We will have a peak at the beginning of the year and then it's going to decline," Borne told Franceinfo radio.

On a light day on the economic front, investors await German inflation data later in the day for clues on the outlook for rates.

Germany's consumer price inflation is forecast to ease to 9.1 percent from 10.0 percent in November.

Further policy action is needed to curb expectations of future price rises, European Central Bank Governing Council member Joachim Nagel said in an interview with the Zeitschrift für das gesamte Kreditwesen published on the Bundesbank website.

The benchmark CAC 40 was up 31 points, or half a percent, at 6,625 after climbing 1.9 percent on Monday.

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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 | 21 minuter sedan
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 | 36 minuter sedan
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 | 51 minuter sedan
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 | 57 minuter sedan
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 | 1h 51minuter sedan
UK Market Ends Slightly Up

UK Market Ends Slightly Up

On a day in which most of the markets across Europe remained closed for Labor Day holiday, the UK market, where trading was on, ended marginally up on Thursday, extending its gains to a 13th straight session.
RTTNews | 6h 53minuter sedan
Canadian Market Retreats After Recovering From Early Drop

Canadian Market Retreats After Recovering From Early Drop

The Canadian market is modestly higher around noon on Thursday with shares from energy and technology sectors posting strong gains. A sell-off in materials section is limiting market's upside. The mood in the market is quite cautious amid concerns about global economic growth.
RTTNews | 7h 34minuter sedan
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