CAC 40 Edges Higher Ahead Of Powell's Testimony

RTTNews | vor 541 Tagen
CAC 40 Edges Higher Ahead Of Powell's Testimony

(RTTNews) - French stocks edged up slightly on Wednesday ahead of the U.K. Budget and testimony from Federal Reserve Chair Jerome Powell.

British finance minister Jeremy Hunt's spring budget is expected to include a government-backed 99 percent mortgage to help first-time buyers, despite the fragile state of the public finances.

Powell is due to testify before the House Financial Services Committee later today and the Senate Banking Committee on Thursday.

The benchmark CAC 40 was up 16 points, or 0.2 percent, at 7,948 after falling 0.3 percent in the previous session.

Eurozone bond yields edged up, heading into Thursday's ECB meeting. With no change in interest rates expected, traders are likely to keep a close eye on growth and inflation forecasts.

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Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | vor 3Std 2 Minuten
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | vor 3Std 46 Minuten
German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
RTTNews | vor 4Std 15 Minuten
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Friday, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.
RTTNews | vor 5Std 29 Minuten