CAC 40 Little Changed Ahead Of Powell's Speech

RTTNews | 525 dias atrás
CAC 40 Little Changed Ahead Of Powell's Speech

(RTTNews) - French stocks were little changed on Wednesday as investors awaited Eurozone inflation data and Fed Chair Jerome Powell's comments later in the day for further clues on the timing and speed of interest rate cuts.

The closely watched ADP employment report may also influence trading later in the day, before Friday's non-farm payrolls data.

The benchmark CAC 40 was marginally higher at 8,131 after ending 0.9 percent lower on Tuesday.

TotalEnergies was marginally higher after signing a head of agreement with Sinopec to form a joint venture to produce sustainable aviation fuel from waste oils.

Auto major Renault Group dropped half a percent after announcing that CMA CGM Group joined Flexis SAS as founding member with the purchase of a 10 percent stake in the joint venture.

The JV for the next generation of electric vans was founded on March 22 by Renault Group and Volvo Group, holding each a 45 percent stake.

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Swiss Market Ends Moderately Lower

Swiss Market Ends Moderately Lower

After a brief spell in positive territory early on in the session on Wednesday, the Switzerland market turned a bit easy and moved along the flat line till around mid afternoon before losing ground to eventually close on a negative note.
RTTNews | 4h 35min atrás
European Stocks Close On Mixed Note

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Wednesday as investors digested data showing a modest drop in U.S. producer prices in the month of August, and continued to assess the developments on the trade front. Some of the major markets started off on a firm note, but failed to sustain at higher levels.
RTTNews | 5h 5min atrás
U.S. Wholesale Inventories Inch Up 0.1% In July, Slightly Less Than Expected

U.S. Wholesale Inventories Inch Up 0.1% In July, Slightly Less Than Expected

Wholesale inventories in the U.S. increased slightly less than expected in the month of July, according to a report released by the Commerce Department on Wednesday. The Commerce Department said wholesale inventories crept up by 0.1 percent in July after rising by an upwardly revised 0.2 percent in June.
RTTNews | 8h 18min atrás
U.S. Producer Prices Unexpectedly Edge Slightly Lower In August

U.S. Producer Prices Unexpectedly Edge Slightly Lower In August

Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by U.S. producer prices in month of August. The Labor Department said its producer price index for final demand edged down by 0.1 percent in August after climbing by a downwardly revised 0.7 percent in July.
RTTNews | 8h 40min atrás
U.S. Producer Prices Unexpectedly Edge Down 0.1% In August

U.S. Producer Prices Unexpectedly Edge Down 0.1% In August

Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by producer prices in the U.S. in the month of August.
RTTNews | 9h 59min atrás
Bay Street Seen Opening Higher

Bay Street Seen Opening Higher

Canadian stocks are likely to open higher on Wednesday, tracking firm oil and metal prices. The mood may change a bit cautious at higher levels with investors looking ahead to the crucial U.S. inflation data, due later in the week.
RTTNews | 10h 8min atrás
Major European Markets In Positive Territory In Cautious Trade

Major European Markets In Positive Territory In Cautious Trade

The major European markets are up in positive territory on Wednesday with investors picking up stocks amid continued optimism about a sharp rate cut by the Federal Reserve following recent weak labor market data. Easing concerns on the trade front also contribute to the positive sentiment in the markets.
RTTNews | 10h 41min atrás