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CAC 40 Rises Led By Banks
(RTTNews) - French stocks were slightly higher on Wednesday as investors awaited U.S. inflation data later in the day for clues on how aggressive the Federal Reserve will be in its expected interest rate hike in September.
After U.S. job growth rose much more than expected in July, traders are now pricing in a roughly 69 percent chance of the Fed raising rates by 75 basis points (bps) at its September FOMC meeting.
Closer home, the European Central Bank is expected to raise rates by 50 bps in September.
The benchmark CAC 40 rose 10 points, or 0.2 percent, to 6,500 after closing half a percent lower in the previous session.
Banks advanced, with BNP Paribas, Credit Agricole and Societe Generale all rising around 1 percent.
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Canadian Market Up In Positive Territory; BRP Rises Sharply On Strong Earnings
Despite weak GDP data, the Canadian market is up firmly in positive territory Friday afternoon with stocks from materials and healthcare sectors contributing significantly to the gains.
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hace 2h 9min
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
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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
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U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August
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
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hace 5h 58min
Chicago Business Barometer Slumps Much More Than Expected In August
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RTTNews
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hace 6h 17min
U.S. Consumer Prices Increase In Line With Estimates In July
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RTTNews
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hace 7h 0min
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
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hace 7h 30min
U.S. PCE Price Index Increased 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.
RTTNews
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hace 7h 42min
