CAC 40 Edges Higher With Service PMI In Focus
(RTTNews) - French stocks were marginally higher on Wednesday after a survey showed services sector activity in the country shrank less than initially thought in September.
The HCOB final purchasing managers index (PMI) for the services sector, compiled by S&P Global, dropped to 44.4 points, marking the lowest level in almost three years. However, that was above September's initial "flash" reading of 43.9 points.
The benchmark CAC 40 was up 9 points, or 0.1 percent, at 7,006 after falling 1 percent the previous day.
Drug major Sanofi S.A. rose about 1 percent after it announced a collaboration with Teva Pharmaceuticals, a U.S. subsidiary of Teva Pharmaceutical Industries Ltd., to co-develop and co-commercialize asset TEV '574, an inflammatory bowel disease treatment.
U.S. Dollar Advances After Strong Economic Data
Japan Shares May Run Out Of Steam On Friday
South Korea Shares May Extend Losing Streak
Tokyo Inflation Data Due On Friday
Mexico Central Bank Cuts Rate Again On High Inflation, Weak Economy
Fed's Schmid Says Current Policy Stance Only Slightly Restrictive
Swiss Market Ends Weak For 3rd Straight Day; SNB Leaves Rates Unchanged
