CAC 40 Edges Higher As Consumer Confidence Stabilizes

RTTNews | 844 dias atrás
CAC 40 Edges Higher As Consumer Confidence Stabilizes

(RTTNews) - French stocks advanced on Tuesday after a survey showed French consumer confidence stabilized in August, with a score of 85 points and meeting consensus estimates.

Hopes of further Chinese stimulus measures also underpinned investor sentiment ahead of a barrage of key economic readings due this week.

The benchmark CAC 40 was up 19 points, or 0.3 percent, at 7,343 after rallying 1.3 percent the previous day.

Euro zone bond yields slipped ahead of data on U.S. job openings that might provide additional clues on the Federal Reserve's rate trajectory.

Technip Energies N.V., an engineering and technology company, rose about 1 percent. The company announced that it has been awarded a contract by bp for a hydrogen production unit at its Kwinana biorefinery in Western Australia for undisclosed sum.

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European Markets Close Higher As Stocks Recover After Cautious Start

European Markets Close Higher As Stocks Recover After Cautious Start

European stocks closed higher on Friday, and several markets in the region climbed to fresh highs, with investors reacting to the interest rate decisions by major central banks. Expectations of more monetary easing by the Federal Reserve contributed as well to the positive mood in the markets.
RTTNews | 21h 19min atrás
U.S. Consumer Sentiment Rebounds Less Than Previously Estimated In December

U.S. Consumer Sentiment Rebounds Less Than Previously Estimated In December

Consumer sentiment in the U.S. rebounded by less than previously estimates in the month of December, according to revised data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index for December was downwardly revised to 52.9 from a preliminary reading of 53.3. Economists had expected the index to be upwardly revised to 53.4.
RTTNews | 23h 30min atrás
U.S. Existing Home Sales Rise Less Than Expected In November

U.S. Existing Home Sales Rise Less Than Expected In November

Existing home sales in the U.S. saw a modest increase in the month of November, the National Association of Realtors revealed in a report released on Friday. NAR said existing home sales rose by 0.5 percent to an annual rate of 4.13 million in November after jumping by 1.5 percent to an upwardly revised rate of 4.10 million in October.
RTTNews | 23h 40min atrás
Russia Cuts Key Rate By 50 Bps As Expected

Russia Cuts Key Rate By 50 Bps As Expected

Russia's central bank cut its interest rate by 50 basis points on Friday but reiterated that it will maintain policy tight to bring inflation back to the target. The Board of Directors, led by Governor Elvira Nabiullina, decided to cut the key rate to 16.00 percent from 16.50 percent. The decision matched market expectations. The bank has lowered the interest rate by 400 basis points since Jun
RTTNews | 1 dia atrás
Bay Street May Open Slightly Higher

Bay Street May Open Slightly Higher

The Canadian market, which snapped a four-day losing streak on Thursday, looks headed for a positive start Friday morning. Canadian retail sales data, and U.S. PCE reading are likely to make an impact.
RTTNews | 1 dia atrás