CAC 40 Rallies As Markets Look For Clues From ECB Meeting

RTTNews | vor 577 Tagen
CAC 40 Rallies As Markets Look For Clues From ECB Meeting

(RTTNews) - French stocks climbed on Monday as investors looked ahead to the European Central Bank monetary policy decision on Thursday to ascertain the timing and pace of interest-rate cuts this year.

Market analysts remain skeptical of the ECB's inflation outlook and anticipate multiple cuts throughout the year.

The benchmark CAC 40 was up 58 points, or 0.8 percent, at 7,429 after falling 0.4 percent on Friday.

Credit Agricole S.A. shares rose about 1 percent. The banking group said that it has acquired a 7 percent minority interest in Worldline S.A., a payment and transactional services provider. The financial terms of the deal were not disclosed.

Gaming company Kindred soared 16.5 percent after confirming a takeover bid from La Francaise des Jeux. Shares of the latter were up4 percent.

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Swiss Market Ends Weak

Swiss Market Ends Weak

The Switzerland market ended modestly lower on Thursday after languishing in negative territory right through the day's trading session, as the mood remained cautious with investors looking ahead to speeches from central bank chiefs at Federal Reserve's Jackson Hole Symposium.
RTTNews | vor 7Std 28 Minuten
European Stocks Close On Mixed Note Again

European Stocks Close On Mixed Note Again

European stocks turned in another mixed performance as investors stayed a bit cautious on Thursday, looking ahead to Federal Reserve's symposium at Jackson Hole, Wyoming, and largely shrugging off trade concerns. Investors also digested the latest batch of regional economic data, including flash estimates of manufacturing and services sector activity in the major economies.
RTTNews | vor 7Std 44 Minuten
Eurozone Consumer Confidence Weakens More Than Expected In August

Eurozone Consumer Confidence Weakens More Than Expected In August

Euro area consumer sentiment deteriorated more than expected in August to a four-month low, after a strong improvement in the previous month, preliminary results of the monthly survey by the European Commission revealed on Thursday.
RTTNews | vor 8Std 33 Minuten
U.S. Leading Economic Index Edges Down In Line With Estimates In July

U.S. Leading Economic Index Edges Down In Line With Estimates In July

A reading on leading U.S. economic indicators edged slightly lower in the month of July, according to a report released by the Conference Board on Thursday. The Conference Board said leading economic index slipped by 0.1 percent in July after falling by 0.3 percent in June. The modest decrease matched economist estimates.
RTTNews | vor 10Std 27 Minuten
U.S. Existing Home Sales Unexpectedly Rebound In July

U.S. Existing Home Sales Unexpectedly Rebound In July

The National Association of Realtors released a report on Thursday showing an unexpected rebound by existing home sales in the U.S. in the month of July. The report said existing home sales jumped by 2.0 percent to an annual rate of 4.01 million in July after tumbling by 2.7 percent to an annual rate of 3.93 million in June.
RTTNews | vor 10Std 38 Minuten