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CAC 40 Slips Ahead Of US Inflation Data
(RTTNews) - French stocks edged lower on Tuesday ahead of U.S. consumer price inflation data due out later in the day, expected to show a further slowing of price pressures.
Closer home, France's unemployment rate held steady in the fourth quarter after rising in the previous two quarters, the statistical office INSEE reported earlier today.
The ILO unemployment rate stood at 7.5 percent in the fourth quarter, the same as in the previous quarter, which was revised up slightly from 7.4 percent.
The unemployment rate was 0.4 points above its level at the end of 2022, which was the lowest since 1982, the agency said.
The number of people out of work increased by 29,000 to 2.3 million in the December quarter.
The benchmark CAC 40 was down 24 points, or 0.3 percent, at 7,666 after gaining 0.6 percent the previous day.
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Swiss Market Ends On Weak Note
After spending a few minutes in positive territory at the start, Switzerland stock market's benchmark SMI drifted down and then stayed weak right through the trading session on Wednesday, with investors digesting corporate earnings updates and looking ahead to the Federal Reserve's rate decision due later in the day.
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Před 1 h 10 min
Fed Announces Widely Expected Decision To Cut Rates By Another Quarter Point
After cutting interest rates for the first time this year in September, the Federal Reserve on Wednesday announced its widely expected decision to lower rates by another quarter point. The Fed said it decided to lower the target range for the federal funds rate by 25 basis points to 3.75 percent to 4.0 percent in support of its dual goals.
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Před 1 h 37 min
Major European Markets Close On Mixed Note Ahead Of Fed Rate Decision
European stocks turned in a mixed performance on Wednesday with investors reacting to a slew of earnings announcements, and looking ahead to the monetary policy announcement from the Federal Reserve later in the day, and the upcoming meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping.
Investors also looked ahead to the ECB's policy announcement due tomorrow.
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Před 1 h 39 min
Canadian Market Drifts Lower After BoC Rate Decision; Energy, Materials Shares Rise
The Canadian market is down in negative territory around noon on Wednesday, weighed down by losses in consumer, healthcare, industrials and real estate sectors.
Investors are digesting the Bank of Canada's rate cut decision, and looking ahead to the Federal Reserve's interest rate announcement due later in the day.
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Před 3 h 47 min
U.S. Pending Home Sales Unexpectedly Unchanged In September
After reporting a sharp increase by pending home sales in the U.S. in the previous month, the National Association of Realtors released a report on Wednesday showing pending home sales unexpectedly came in flat in the month of September. NAR said its pending homes sales index was unchanged at 74.8 in September after surging by 4.2 percent in August.
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Před 5 h 51 min
Bank Of Canada Cuts Interest Rates By Another Quarter Point
The Bank of Canada on Wednesday announced its widely expected decision to lower interest rates once again, cutting rates by a quarter point for the second consecutive meeting. The Canadian central bank said it reduced its target for the overnight rate by 25 basis points to 2.25 percent, with the Bank Rate at 2.5 percent and the deposit rate at 2.20 percent.
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Před 5 h 53 min
Bay Street Likely To Open Higher; BoC, Fed Rate Announcements Eyed
Canadian stocks are likely to open on a positive note on Wednesday, tracking firm oil and metal prices. Expectations of interest rate cuts by the Bank of Canada and the Federal Reserve may also contribute to a steady open on Bay Street.
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Před 7 h 30 min
FTSE 100 Advances As Miners, Pharma Stocks Rally
The U.K. market is up firmly in positive territory on Wednesday, led by gains in mining and pharmaceutical sectors, thanks to a rebound in metal prices and stronger than expected earnings from drug major GSK.
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Před 8 h 8 min
