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CAC 40 Retreats On Fed Rate Hike Worries
(RTTNews) - French stocks declined on Thursday after the minutes of last month's Fed meeting, released overnight, quelled hopes of rate-hike cycle ending anytime soon.
The minutes showed that officials are laser-focused on controlling inflation despite mounting economic uncertainties.
The benchmark CAC 40 was down 40 points, or 0.6 percent, at 6,735 after rising 2.3 percent the previous day.
Technip Energies N.V. shares jumped 3.5 percent. The engineering and technology firm said that it has renewed a framework agreement contract for Project Management Consultancy by Kuwait Oil Company (KOC) for another five years.
The first five-year framework agreement was awarded to Technip Energies by KOC in 2014.
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Australia GDP Data Due On Wednesday
Australia will on Wednesday release Q1 numbers for gross domestic product, highlighting a modest day for Asia-Pacific economic activity.
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Před 1 h 8 min
Pound Advances Against Majors
The pound advanced against its major counterparts in the New York session on Tuesday.
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Před 3 h 8 min
Canadian Market Slightly Higher In Cautious Trade
After a a weak start and a subsequent recovery, the Canadian market slipped into negative territory Tuesday morning, but edged higher again and was trading modestly higher about a couple of hours past noon.
The early weakness was due to the uncertainty surrounding Trump's tariff moves, and downward revisions in Canadian and global growth forecast by the OECD.
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Před 5 h 2 min
Swiss Market Ends Modestly Higher
The Switzerland market retreated after a positive start Tuesday morning, and after moving along the flat line till around mid afternoon, found some momentum and eventually ended the day's session modestly Expectations of a rate cut by the Swiss central bank contributed to market's upmove.
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Před 5 h 24 min
European Stocks Recover From Early Weakness, Close Broadly Higher
European stocks closed higher on Tuesday despite lingering uncertainty about the Trump administration's tariff moves.
Investors digested regional economic data, that included a report showing a drop in euro zone inflation, and looked ahead to some crucial reports from the U.S., including non-farm payroll data due later in the week.
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Před 5 h 44 min
U.S. Job Openings Unexpectedly Increase In April
Job openings in the U.S. unexpectedly increased in the month of April, according to a report released by the Labor Department on Tuesday. The Labor Department said job openings climbed to 7.391 million in April from an upwardly revised 7.200 million in March.
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Před 7 h 37 min
U.S. Factory Orders Pull Back Sharply In April
A report released by the Commerce Department on Tuesday showed a substantial pullback by new orders for U.S. manufactured goods in the month of April. The Commerce Department said factory orders plunged by 3.7 percent in April after surging by a downwardly revised 3.4 percent in March.
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Před 7 h 59 min
Eurozone Inflation Falls Below 2% Target To Boost ECB Rate Cut Hopes
Euro area inflation fell below the 2 percent target in May largely due to the slowdown in services inflation and reinforced expectations for another interest rate reduction from the European Central Bank later this week. Inflation softened more-than-expected to 1.9 percent in May from 2.2 percent in April, figures from Eurostat revealed on Tuesday. The rate was expected to slow to 2.0 percent.
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Před 9 h 17 min
