CAC 40 Little Changed Ahead Of Lagarde Speech

RTTNews | il y a 640
CAC 40 Little Changed Ahead Of Lagarde Speech

(RTTNews) - French stocks were little changed in cautious trade on Tuesday as investors awaited minutes from the Federal Reserve's latest meeting and Nvidia's earnings.

Traders also looked forward to speeches from a number of European Central Bank officials, including President Christine Lagarde.

The benchmark CAC 40 was marginally lower at 7,241 after edging up 0.2 percent on Monday.

Banks BNP Paribas, Credit Agricole and Societe Generale were down between 0.4 percent and 0.7 percent.

Automaker Renault fell about 1 percent.

New car sales in the EU rose for a fifteenth consecutive month in October on the back of strong demand in France, Italy, and Spain, monthly data from the European Automobile Manufacturers' Association showed.

New car registrations grew 14.6 percent year-over-year to 855,484 units in October. This was well above the 9.2 percent growth in September.

Industrial gases company Air Liquide Group edged up slightly after signing new long-term contracts to supply an additional 100 MW of renewable electricity to the Secunda site in South Africa.

Airbus SE rose about half a percent after receiving an order for 60 A320neo Family aircraft from SMBC Aviation Capital, an Irish aircraft lessor.

read more
U.S. Dollar Drops After Powell's Speech

U.S. Dollar Drops After Powell's Speech

The U.S. dollar weakened against its major counterparts in the New York session on Friday, as Federal Reserve Chair Jerome Powell hinted at a potential rate cut next month.
RTTNews | il y a 5h 11min
TSX Hits New Record High As Stocks Rally On Fed Rate Cut Hopes

TSX Hits New Record High As Stocks Rally On Fed Rate Cut Hopes

The Canadian market is up firmly in positive territory a little past noon on Friday, with stocks from across several sectors moving higher on strong buying support amid rising hopes of an interest rate cut by the Federal Reserve in September.
RTTNews | il y a 10h 42min
Powell Says Outlook, Shifting Balance Of Risks 'May Warrant' Lower Rates

Powell Says Outlook, Shifting Balance Of Risks 'May Warrant' Lower Rates

Federal Reserve Chair Jerome Powell delivered a highly-anticipated speech before the Jackson Hole Economic Symposium on Friday, although he touched only briefly on the outlook for monetary policy. "With policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance," Powell said.
RTTNews | il y a 12h 50min
FTSE 100 Down Slightly; Standard Chartered Shares Up Sharply

FTSE 100 Down Slightly; Standard Chartered Shares Up Sharply

U.K. stocks are turning in a mixed performance in cautious trade on Friday, amid a lack of fresh triggers. Investors are awaiting Fed Chair Jerome Powell's speech later in the day at the Jackson Hole Symposium, for clues about U.S. central bank's interest rate move next month.
RTTNews | il y a 17h 13min
U.S. Dollar Rises Ahead Of Fed's Powell Speech

U.S. Dollar Rises Ahead Of Fed's Powell Speech

The U.S. dollar strengthened against other major currencies in the European session on Friday, as traders expect speech by Fed Chair Jerome Powell at the Jackson Hole Symposium.
RTTNews | il y a 17h 16min
CAC 40 Up Slightly In Lackluster Trade

CAC 40 Up Slightly In Lackluster Trade

French stocks are mostly subdued on Friday with investors refraining from making significant moves, choosing to wait for key speeches from central bank chiefs at the Jackson Hole Symposium. The focus is on Fed Chair Jerome Powell's speech for clues about interest rate cuts in September.
RTTNews | il y a 17h 34min