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After opening modestly higher and moving up further, France's CAC 40 gave up some gains subsequently Wednesday morning, but remains in positive territory. The undertone is fairly steady following the appointment of Sébastien Lecornu as France's new Prime Minister, and optimism about prospects of a larger than expected interest rate cut by the Federal Reserve next week.Investors are also awaiting the European Central Bank's policy announcement on Thursday, and the crucial inflation data from the U.S.The ben ...

By Sinéad Carew and Lucy Raitano NEW YORK/LONDON (Reuters) - MSCI's global equity index rose on Tuesday while the dollar firmed and Treasury yields climbed ahead of key inflation reports following a sharp downward revision in March U.S. employment levels. The U.S. Labor Department said the economy likely created 911,000 fewer jobs in the 12 months through March than previously estimated, suggesting job growth was already stalling before President Donald Trump's aggressive tariffs on imports. While the r ...

Mortgage rates edged toward a new yearly low in the wake of weak job market data and ahead of a key Fed meeting. The average rate for a 30-year fixed mortgage was 6.35% in the week through Wednesday, according to Freddie Mac data, down from 6.5% a week earlier. The rate on a 15-year loan was 5.5%, down from 5.6%. Both marks are at their lowest point since October 2024. The latest leg down started on Friday, when 10-year Treasury yields, which closely track mortgage rates, plunged after the Bureau of Labo ...

Core Viewpoint - The international oil market is experiencing a mild upward trend, supported by the extension of the tariff suspension period between China and the U.S., which alleviates concerns over trade tensions affecting the year-end consumption season [1][3] Group 1: Market Dynamics - Brent crude futures settled at $66.65 per barrel, while WTI closed at $63.89 per barrel, with narrowed intraday volatility [1] - The extension of the tariff suspension aims to provide more time for bilateral negotiations and prevent supply chain disruptions during the holiday shopping season [3] Group 2: Geopolitical Factors - Attention is shifting to the upcoming U.S.-Russia high-level talks in Alaska, focusing on de-escalating the Russia-Ukraine conflict and discussing potential easing of secondary sanctions on Russian oil buyers [4] - A substantial peace agreement between Russia and Ukraine could significantly reduce the risk of oil supply disruptions, potentially providing further upward momentum for oil prices [4] Group 3: Economic Indicators - The upcoming U.S. inflation data is viewed as a critical variable; a signal of potential interest rate cuts by the Federal Reserve could weaken the dollar, providing price support for dollar-denominated oil [5] - Conversely, if inflation remains sticky and exceeds expectations, concerns over tightening liquidity may suppress risk asset performance [5] Group 4: Technical Analysis - WTI crude oil has formed a short-term support level around $63, with short-term moving averages showing signs of stabilization and bullish momentum [6] - Key resistance is identified at $64.80 per barrel; a breakthrough could challenge the $66 per barrel mark, while $63 serves as a critical support level [6] Group 5: Market Sentiment - The market is currently benefiting from the dual expectations of eased trade tensions and reduced geopolitical conflicts, though the actual impact will depend on the substantive progress of negotiations and Federal Reserve policy direction [8] - Investors are advised to closely monitor the interplay between political and economic signals, along with key technical levels for risk management [8]