CAC 40 Edges Higher As Rate Worries Ebb

RTTNews | vor 654 Tagen
CAC 40 Edges Higher As Rate Worries Ebb

(RTTNews) - French stocks rose notably on Wednesday amid increased bets that the U.S. Federal Reserve may be done hiking interest rates.

Investors also cheered data showing that French inflation unexpectedly slowed in September as a result of easing price rises in the food sector. Consumer inflation in the country decreased to 4 percent in October from 4.90 percent in September of 2023.

The benchmark CAC 40 was up 53 points, or 0.7 percent, at 7,239 after climbing 1.4 percent the previous day.

Alstom shares plunged 12 percent. The train manufacturer plans simplification of operational setup, including around 1,500 job cuts, representing close to 10 percent of total S&A positions.

Air Liquide SA, a supplier of industrial gases and services, was marginally lower after signing a pact with Japan's ENEOS Corp. to accelerate the development of low-carbon hydrogen and energy transition in Japan.

read more
German Inflation Accelerates To 2.2% In August

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
RTTNews | vor 11Std 16 Minuten
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | vor 14Std 6 Minuten
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | vor 14Std 34 Minuten
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 17Std 38 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 18Std 21 Minuten