CAC 40 Rallies As Industrial Output Rebounds
(RTTNews) - French stocks were trading higher on Friday after official data showed France's industrial production rebounded in April, led by a sharp recovery in petroleum output.
Industrial output logged a monthly growth of 0.8 percent, reversing the 1.1 percent decrease in March. Production was expected to climb 0.3 percent.
The passing of the U.S. debt ceiling bill and optimism that the U.S. Federal Reserve will pause interest-rate hikes in June also buoyed investor sentiment.
The benchmark CAC 40 was up 64 points, or 0.9 percent, at 7,199 after gaining 0.6 percent the previous day.
The dollar extended slide while Treasury yields held steady ahead of the all-important U.S. jobs data due later in the day.
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Euro Area Consumers' Inflation Expectations Lowest Since 2021: ECB Survey
Eurozone consumers lowered their inflation expectations for the next 12 months and turned less negative regarding the economic outlook, though their unemployment worries remained, results of a monthly survey by the European Central Bank showed Tuesday. The median rate of expected inflation over the next 12 months fell to 2.9 percent from 3.0 percent in March.
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Před 5 h 36 min
Photronics Confirms Eric Rivera As CFO
Photronics, Inc. (PLAB) announced Tuesday that Eric Rivera has been promoted to chief financial officer, effective immediately. Rivera previously held the role of interim CFO since February 2024 and served as chief accounting officer since 2020.
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Před 5 h 52 min
U.S. Consumer Confidence Unexpectedly Rebounds In May
Consumer confidence in the U.S. unexpectedly saw a significant improvement in the month of May, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index jumped to 102.0 in May from an upwardly revised 97.5 in April. The rebound surprised economists, who had expected the consumer confidence index to decrease to 95.3.
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Před 5 h 52 min
Dollar Firmed Up Last Week Amidst Hawkish Fed Minutes
The uncertain monetary policy outlook triggered by the mixed comments in the FOMC Minutes helped the U.S. dollar remain firm during the week spanning May 20 to 24.
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Před 6 h 33 min
Vera Therapeutics Says FDA Grants Breakthrough Therapy Designation For Atacicept To Treat IgAN
Biotechnology company Vera Therapeutics, Inc. (VERA) announced Tuesday that the U.S. Food and Drug Administration (FDA) has granted Breakthrough Therapy Designation to atacicept for the treatment of Immunoglobulin A Nephropathy or IgAN.
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Před 7 h 48 min
Johnson & Johnson To Acquire Rights To Numab Therapeutics' Clinical-Stage Bispecific Antibody NM26
Johnson & Johnson (JNJ) announced Tuesday it has entered into a definitive agreement with biotechnology company Numab Therapeutics to acquire its wholly-owned subsidiary from Numab's shareholders in an all-cash transaction of approximately $1.25 billion.
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Před 8 h 0 min
Bay Street May Open Higher; Earnings, Inflation Data In Focus
Canadian shares may open higher Tuesday morning as resources stocks are likely to find support thanks to rising commodity prices. The focus will be earnings, and key economic data from Canada and the U.S.
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Před 8 h 1 min
TransDigm Group To Acquire Raptor Labs Holdco In About $655 Mln All-cash Deal
TransDigm Group Inc. (TDG) announced Tuesday it has entered into a definitive agreement to acquire Raptor Labs Holdco, LLC, a portfolio company of L Squared Capital Partners, for approximately $655 million in cash, including certain tax benefits.
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Před 8 h 36 min
