CAC 40 Edges Higher Ahead Of Powell's Testimony

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CAC 40 Edges Higher Ahead Of Powell's Testimony

(RTTNews) - French stocks edged up slightly on Wednesday ahead of the U.K. Budget and testimony from Federal Reserve Chair Jerome Powell.

British finance minister Jeremy Hunt's spring budget is expected to include a government-backed 99 percent mortgage to help first-time buyers, despite the fragile state of the public finances.

Powell is due to testify before the House Financial Services Committee later today and the Senate Banking Committee on Thursday.

The benchmark CAC 40 was up 16 points, or 0.2 percent, at 7,948 after falling 0.3 percent in the previous session.

Eurozone bond yields edged up, heading into Thursday's ECB meeting. With no change in interest rates expected, traders are likely to keep a close eye on growth and inflation forecasts.

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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 | il y a 2h 27min
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 | il y a 5h 17min
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 | il y a 5h 45min
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 | il y a 8h 49min
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 | il y a 9h 32min