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French Stocks Little Changed As Eurozone Inflation Ticks Up

RTTNews | 817 dias atrás

French Stocks Little Changed As Eurozone Inflation Ticks Up

(RTTNews) - French stocks were little changed on Wednesday, with Eurozone inflation data and the U.S. debt ceiling talks in focus.

Eurozone inflation accelerated to 7.0 percent in April from 6.9 percent a month earlier, as rising services and energy costs offset a slowdown in food price growth, Eurostat said earlier in the day, confirming preliminary data.

The benchmark CAC 40 was marginally lower at 7,401 after losing 0.2 percent in the previous session.

Automaker Renault gained 0.7 percent after industry data showed Europe's new car registrations registered a double-digit growth in April but the pace of growth slowed from March.

Euronext tumbled 3.6 percent after the exchange operator saw an 11.7 percent year-over-year drop in its revenue from forex trading during first quarter 2023.

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CAC 40 Drifts Lower In Lackluster Trade

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Indian shares rose notably on Monday, with benchmark indexes Sensex and Nifty both rising around 1 percent after six straight weeks of declines.

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DAX Modestly Lower In Cautious Trade; Defense Stocks Drift Lower

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After opening slightly up, the German market retreated Monday morning with investors largely turning cautious, as they continue to assess the impact of U.S. tariffs and the ongoing uncertainty on the geopolitical front.

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