CAC 40 Edges Higher With Service PMI In Focus

RTTNews | 673 dias atrás
Stocktwits
CAC 40 Edges Higher With Service PMI In Focus

(RTTNews) - French stocks were marginally higher on Wednesday after a survey showed services sector activity in the country shrank less than initially thought in September.

The HCOB final purchasing managers index (PMI) for the services sector, compiled by S&P Global, dropped to 44.4 points, marking the lowest level in almost three years. However, that was above September's initial "flash" reading of 43.9 points.

The benchmark CAC 40 was up 9 points, or 0.1 percent, at 7,006 after falling 1 percent the previous day.

Drug major Sanofi S.A. rose about 1 percent after it announced a collaboration with Teva Pharmaceuticals, a U.S. subsidiary of Teva Pharmaceutical Industries Ltd., to co-develop and co-commercialize asset TEV '574, an inflammatory bowel disease treatment.

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Pound Jumps After BoE Rate Decision

Pound Jumps After BoE Rate Decision

The British pound strengthened against other major currencies in the European session on Thursday the Bank of England (BoE) reduced UK interest rates by a quarter point, making it the fifth reduction in a year, although almost half of its policymakers opted to maintain borrowing costs.
RTTNews | 27 minutos atrás
CAC 40 Remains Firmly Up; ArcelorMittal Rises Over 7%

CAC 40 Remains Firmly Up; ArcelorMittal Rises Over 7%

French stocks are up in positive territory on Thursday, despite concerns about the impact of U.S. tariffs that come into force today. Investors are largely focusing on earnings, and digesting the Bank of England's interest rate decision.
RTTNews | 29 minutos atrás
Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Thursday.
RTTNews | 44 minutos atrás
Euro Rises Amid Trump's Tariff Implementations

Euro Rises Amid Trump's Tariff Implementations

The euro strengthened against other major currencies in the European session on Thursday, as European shares rallied following the implementation of Trump's extensive "reciprocal" tariffs, which include a blanket 15% tax on exports from the EU.
RTTNews | 1h 2min atrás
FTSE 100 Moderately Lower; BoE Cuts Interest Rate By 0.25%

FTSE 100 Moderately Lower; BoE Cuts Interest Rate By 0.25%

The U.K. market is down in negative territory a little past noon on Thursday, extending its morning weakness, as investors largely remain cautious despite the Bank of England (BoE) reducing interest rate by a quarter percentage point this noon.
RTTNews | 1h 4min atrás
DAX Up Sharply As Investors React Positively To Earnings

DAX Up Sharply As Investors React Positively To Earnings

German stocks are up sharply on Thursday, with investors shrugging tariff concerns and going on a buying spree across the board, focusing mostly on earnings. A report showing a growth in the nation's exports in the quarter ended June is aiding sentiment, somewhat outweighing the data showing a sharp drop in industrial output in the month fof June.
RTTNews | 1h 31min atrás
Euro Rises Against Majors

Euro Rises Against Majors

The euro strengthened against other major currencies in the European session on Thursday.
RTTNews | 1h 40min atrás
German Industrial Output Declines Most In 11 Months

German Industrial Output Declines Most In 11 Months

Germany's industrial production logged its biggest fall in nearly a year in June, data from Destatis revealed on Thursday. Industrial output decreased 1.9 percent on a monthly basis in June, worse than the economists' forecast of 0.4 percent drop. This was the biggest fall since July 2024.Production for May was revised down from the initially estimated 1.2 percent increase.
RTTNews | 1h 53min atrás
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