CAC 40 Gains On Fed, China Optimism

RTTNews | 719 dias atrás
CAC 40 Gains On Fed, China Optimism

(RTTNews) - French stocks were notably higher on Monday amid hopes that U.S. rate hikes are nearing an end.

The benchmark CAC 40 was up 57 points, or 0.8 percent, at 7,287 after edging up 0.2 percent on Friday.

Valneva SE, a specialty vaccine company, jumped 2.6 percent after reporting positive initial Phase 3 safety data in adolescents for its single-dose chikungunya virus vaccine candidate VLA1553.

Banks BNP Paribas, Societe Generale and Credit Agricole rose between 0.6 percent and 1.7 percent after Latvian policymaker Martins Kazaks said on Saturday it may be too early for the European Central Bank to pause interest rate hikes now.

China-exposed automaker Renault added 1.6 percent after China announced new measures to stabilize its ailing stock market.

Luxury heavyweights LVMH, Kering and Hermes International all rose about 1 percent on China demand optimism.

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Euro Higher Against Majors

Euro Higher Against Majors

The euro appreciated against its major counterparts in the New York session on Friday.
RTTNews | 14h 30min atrás
TSX Down Marginally In Lackluster Trade

TSX Down Marginally In Lackluster Trade

Canadian stocks are turning in a mixed performance in somewhat lackluster trade on Friday, with investors focusing on the upcoming US - Russia summit that could help end the war in Ukraine.
RTTNews | 17h 20min atrás
Swiss Market Ends On Firm Note

Swiss Market Ends On Firm Note

The Switzerland market ended on a firm note on Friday with stocks from across several sectors gaining ground on sustained buying support. The mood remained positive right through the day's session, amid some expectations about an end to the Ukraine war.
RTTNews | 17h 48min atrás
European Stocks Close Mixed After Cautious Session

European Stocks Close Mixed After Cautious Session

European stocks closed on a mixed note on Friday with investors largely staying cautious, awaiting the meeting of the Presidents of the U.S. and Russia, and continuing to assess Trump administration's tariff moves and their impact on global economic growth.
RTTNews | 18h 7min atrás
U.S. Business Inventories Rise In Line With Estimates In June

U.S. Business Inventories Rise In Line With Estimates In June

A report released by the Commerce Department on Friday showed business inventories in the U.S. increased in line with economist estimates in the month of June. The Commerce Department said business inventories rose by 0.2 percent in June after coming in unchanged in May. The uptick matched expectations.
RTTNews | 19h 44min atrás
U.S. Consumer Sentiment Unexpectedly Deteriorates In August

U.S. Consumer Sentiment Unexpectedly Deteriorates In August

Consumer sentiment in the U.S. has unexpectedly deteriorated in the month of August, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index fell to 58.6 in August from 61.7 in July. Economists had expected the index to inch up to 62.0.
RTTNews | 20h 2min atrás
U.S. Industrial Production Pulls Back Slightly In July

U.S. Industrial Production Pulls Back Slightly In July

A report released by the Federal Reserve on Friday showed a modest decrease by U.S. industrial production in the month of July. The Fed said industrial production edged down by 0.1 percent in July after climbing by an upwardly revised 0.4 percent in June. Economists had expected industrial production to come in unchanged.
RTTNews | 20h 31min atrás
New York Manufacturing Index Unexpectedly Climbs To Nine-Month High In August

New York Manufacturing Index Unexpectedly Climbs To Nine-Month High In August

The Federal Reserve Bank of New York released a report on Friday showing regional manufacturing activity unexpectedly grew at a faster rate in the month of August. The New York Fed said its general business conditions index climbed to 11.9 in August from 5.5 in July, with a positive reading indicating growth. Economists had expected the index to fall to 0.5.
RTTNews | 20h 56min atrás