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CAC 40 Edges Higher As Inflation Eases

RTTNews | hace 623

CAC 40 Edges Higher As Inflation Eases

(RTTNews) - French stocks traded higher on Friday after the release of mixed economic data.

French business activity contracted more than expected in December, a survey showed. The HCOB France flash composite PMI - which comprises both the services and manufacturing sectors - dropped to 43.7 points from 44.6 in November.

Meanwhile, France's consumer price inflation slowed in November but exceeded the initial estimate, final data released by the statistical office INSEE showed.

Consumer price inflation eased to 3.5 percent in November from 4.0 percent in October. The initially estimated rate was 3.4 percent.

The latest inflation figure was the weakest since January 2022.

Likewise, inflation based on the harmonized index of consumer prices, softened to 3.9 percent from 4.5 percent.

The benchmark CAC 40 was up 34 points, or half a percent, at 7,610 after gaining 0.6 percent the previous day.

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U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August

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The University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by slightly more than previously estimated in the month of August. The report said the consumer sentiment index for August was downwardly revised to 58.2 from the preliminary reading of 58.6.

RTTNews | hace 2h 4min

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RTTNews | hace 2h 23min

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RTTNews | hace 3h 6min

German Unemployment Exceeds 3 Mln

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RTTNews | hace 3h 36min

U.S. PCE Price Index Increased In Line With Estimates In July

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RTTNews | hace 3h 48min

Slightly Weak Start Seen For U.S. Stocks; PCE Data In Focus

Slightly Weak Start Seen For U.S. Stocks; PCE Data In Focus

Lower U.S. futures point to a slightly negative start on Wall Street Friday morning.

RTTNews | hace 4h 4min

Lower Futures Pointing To Weak Start On Bay Street; Canadian GDP, US PCE Data In Focus

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Lower Canadian and U.S. futures ahead of Canadian GDP data and U.S. personal consumption expenditure report, point to a weak start on Bay Street Friday morning.

RTTNews | hace 4h 42min

Pound Slides Against Majors

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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 | hace 4h 49min

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