CAC 40 Rises As Investors Focus On Fed's Policy Path

RTTNews | Před 994 dny
CAC 40 Rises As Investors Focus On Fed's Policy Path

(RTTNews) - French stocks edged higher on Tuesday after a survey showed the country's unemployment rate fell slightly in the third quarter.

The ILO jobless rate slid to 7.3 percent, as expected, from 7.4 percent in the second quarter, statistical office INSEE reported. The number of unemployed decreased by 17,000 over the quarter and reached 2.3 million.

The benchmark CAC 40 was up 27 points, or 0.4 percent, at 6,636 after gaining 0.2 percent the previous day.

The dollar weakened in early European trade and Treasury yields dipped after Federal Reserve Vice Chair Lael Brainard indicated a slowdown in interest rate rises.

Call center company Teleperformance jumped nearly 6 percent after Citigroup upgraded its rating on the stock to "buy" from "neutral."

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Eurozone Private Sector Continues To Expand

Eurozone Private Sector Continues To Expand

Euro area private sector remained in the expansionary territory in July but the rate of growth remained sluggish as stagnant demand pulled back production, final survey results of the purchasing managers' survey by S&P Global showed on Tuesday. The HCOB composite output index rose to 50.9 in July from 50.6 in June. The flash reading was 51.0. A score above 50.0 indicates expansion.
RTTNews | Před 1 h 10 min
Bay Street May Open Slightly Higher

Bay Street May Open Slightly Higher

Canadian stocks may open on a positive note Tuesday morning amid expectations of a rate cut by the Federal Reserve next month. The focus will be on trade talks between Canad and Mexico.
RTTNews | Před 1 h 21 min
FTSE 100 Advances On Upbeat Earnings

FTSE 100 Advances On Upbeat Earnings

The UK market is modestly higher on Tuesday, extending gains from previous session, thanks to some upbeat corporate earnings announcements, and expectations that the Federal Reserve will cut interest rate in the near future to spur economic growth.
RTTNews | Před 1 h 50 min
Pound Rises As Traders Await BoE Monetary Policy Meeting

Pound Rises As Traders Await BoE Monetary Policy Meeting

The British pound strengthened against other major currencies in the European session on Tuesday, as traders shift their focus to the Bank of England's (BoE) monetary policy announcement on Thursday.
RTTNews | Před 2 h 1 min
CAC 40 Modestly Higher

CAC 40 Modestly Higher

The French stock market is modestly higher Tuesday afternoon with investors mostly reacting to earnings updates and a mixed batch of regional economic data. Expectations of a rate cut by the Federal Reserve sometime soon aid sentiment a bit.
RTTNews | Před 2 h 21 min
Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Tuesday.
RTTNews | Před 2 h 54 min
DAX Up Nearly 0.8%; Infineon Rises Sharply On Strong Earnings

DAX Up Nearly 0.8%; Infineon Rises Sharply On Strong Earnings

German stocks are up in positive territory on Tuesday, gaining for a second straight session, as investors continue to focus on earnings and other corporate news, even while continuing to follow the developments on the trade front ahead of new tariffs that come into force later in the week.
RTTNews | Před 2 h 55 min