European markets opened higher on Tuesday, December 3, with investors keeping an eye on political turmoil in France.
The pan-European STOXX 600 index opened 0.17% higher, with most sectors in positive territory except chemicals, insurance and telecoms. French financial markets were closely watched on Tuesday after Prime Minister Michel Barnier used special constitutional powers to push through a disputed budget bill without a parliamentary vote.
Opposition parties on both the left and right have said they will support a motion of no confidence to bring down Barnier's minority government. The vote could be held as early as Wednesday. France's CAC 40 index opened 0.26% higher on Tuesday, despite the vote being held soon. The CAC 40 had a choppy session on Monday, starting the day lower before turning positive and then falling back into negative territory again.
Overnight, Asia-Pacific markets traded higher, tracking gains on Wall Street after the S&P 500 and Nasdaq Composite rose to new records overnight. U.S. stock futures were mostly flat Monday night. European markets are expected to open higher on Tuesday. The U.K.'s FTSE 100 is expected to open 18 points higher at 8,322, Germany's DAX is up 15 points at 19,922, France's CAC is up 29 points at 7,245 and Italy's FTSE MIB is up 43 points at 33,601, according to data from IG. Data releases on Tuesday include U.K. retail sales and Spanish unemployment figures.
Source: CNBC
The STOXX 50 went up 0.3% and the STOXX 600 rose 0.2% on Monday, tracking a general positive tone across European equity markets in Asia and the US. Traders were also digesting corporate news and eco...
Asia-Pacific markets traded mixed Monday, while the Reserve Bank of Australia will kickstart its two-day policy meeting where it is expected to hold its cash rate steady at 3.6%, according to a Reuter...
US stocks closed higher on Friday (September 26th), as investors reacted positively to an inflation report that met expectations, while also considering President Trump's new wave of tariffs and weake...
European stocks closed sharply higher on Friday, recovering from losses in the previous two sessions, as markets reassessed the impact of new US tariffs and how major European companies should navigat...
Major European bourses traded slightly higher on Friday, with the STOXX 50 up 0.4% and the STOXX 600 gaining around 0.3%, after two straight sessions of losses. However, upside momentum was capped by...
With US government funding set to expire at midnight on Tuesday, Republicans and Democrats in Congress show no signs of agreeing to a temporary budget fix that would avert a government shutdown. President Donald Trump will meet with congressional...
Oil declined on signals that OPEC+ will hike production again in November, tempering a strong rally last week. Brent fell back below $70 a barrel after closing at the highest level since late July on Friday. The OPEC+ alliance led by Saudi...
Gold prices surged above $3,800 per oz for the first time on Monday, boosted by growing speculation of a US Federal Reserve interest rate cut, weakening the dollar, while concerns over a possible US government shutdown boosted demand for safe-haven...
Russia's export rules spark diesel market jitters"Boosting prices were initial reports that Russia intends to ban some companies from exporting...
US President Donald Trump on Thursday announced sweeping new import tariffs, including a 100% duty on brand-name drugs and a 25% levy on heavy-duty...
US stocks closed higher on Friday (September 26th), as investors reacted positively to an inflation report that met expectations, while also...
European stocks closed sharply higher on Friday, recovering from losses in the previous two sessions, as markets reassessed the impact of new US...