CAC 40 Slides On Inflation Concerns

RTTNews | vor 726 Tagen
CAC 40 Slides On Inflation Concerns

(RTTNews) - French stocks traded lower on Friday after an upside revision to September inflation. According to final figures from the INSEE statistics body, the inflation figure, on an EU-harmonized basis, has been revised up to 5.7 percent from the preliminary figure of 5.6 percent.

Spanish annual inflation also stood higher for a third consecutive month at 3.5 percent, raising pressure on the European Central Bank to keep interest rates at an elevated time for some time.

The benchmark CAC 40 was down 24 points, or 0.3 percent, at 7,080 after losing 0.4 percent the previous day.

Real estate company Unibail-Rodamco-Westfield was moving lower after it received a binding offer from real estate company Frey for Polygone Riviera for a net disposal price of 272.3 million euros. The price is at a 4 percent discount to last unaffected book value.

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Taiwan Trade Data Due On Thursday

Taiwan Trade Data Due On Thursday

Taiwan will on Thursday release September numbers for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity. In August, imports were up 29.7 percent on year and exports jumped an annual 34.1 percent for a trade surplus of $16.83 billion.
RTTNews | vor 31 Minuten
Poland Central Bank Cuts Rates For Third Time

Poland Central Bank Cuts Rates For Third Time

Poland's central bank unexpectedly reduced its key interest rate for a third policy session in a row, citing an improvement in the inflation outlook. The Monetary Policy Council, led by Governor Adam Glapinski, lowered the reference rate by 25 basis points to 4.50 percent, the Narodowy Bank Polski said in a statement on Wednesday. Economists had expected the bank to leave the rate unchanged.
RTTNews | vor 1Std 47 Minuten
IMF Chief Georgieva Says World Economy Doing 'Better Than Feared'

IMF Chief Georgieva Says World Economy Doing 'Better Than Feared'

Global economy is coping with shocks in a better-than-expected manner, but there is a risk that the resilience has not yet been fully tested, International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday.
RTTNews | vor 2Std 16 Minuten
Fed Minutes Reveal Officials Expressed Range Of Views About Interest Rate Outlook

Fed Minutes Reveal Officials Expressed Range Of Views About Interest Rate Outlook

Ahead of its next monetary policy meeting later this month, the Federal Reserve on Wednesday released the minutes of its September meeting. The Fed announced its widely expected decision to lower interest rates by 25 basis points to 4.0 percent to 4.25 percent following the meeting, citing a shift in the balance of risks.
RTTNews | vor 4Std 9 Minuten
Swiss Market Ends On Strong Note

Swiss Market Ends On Strong Note

The Switzerland market closed on a bright note on Wednesday, in line with markets across Europe amid slightly easing worries about tariffs, and expectations of more monetary easing by a few central banks.
RTTNews | vor 4Std 39 Minuten
European Markets Close On Firm Note After EU's New Measures

European Markets Close On Firm Note After EU's New Measures

European markets closed on a firm note on Wednesday, supported by gains in steel stocks after the European Union proposed to lower shipment quotas for tariff-free steel imports into the bloc, and hike tariffs on volumes that are above the proposed limits.
RTTNews | vor 5Std 4 Minuten
U.S. Mortgage Applications Fall For Second Week, Demand For ARMs Rise: MBA

U.S. Mortgage Applications Fall For Second Week, Demand For ARMs Rise: MBA

Home loan applications in the U.S. declined for a second week in a row, but at a slower pace, and there was an increase in demand for the riskier adjustable-rate mortgages as homebuyers look for best deals, survey data from the Mortgage Bankers Association showed on Wednesday.
RTTNews | vor 5Std 12 Minuten