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CAC 40 Drifts Lower As Powell Dashes Rate-cut Hopes
(RTTNews) - French stocks traded lower on Friday after Federal Reserve Chair Jerome Powell signalled a cautious approach on rate cuts, given persistent inflationary pressures.
Powell said the U.S. central bank does not need to rush to lower interest rates and can approach decisions carefully.
The benchmark CAC 40 was down 30 points, or 0.4 percent, at 7,281 after climbing 1.3 percent on Thursday.
Energy company TotalEnergies was marginally higher after it joined forces with BP, Equinor and Shell to invest in support of the UN Sustainable Development Goal 7 (UN SDG7).
Drug maker Sanofi tumbled 3.4 percent after U.S. President-elect Donald Trump tapped anti-vaccine activist and conspiracy theorist Robert F. Kennedy as his secretary of health.
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Bay Street Likely To Open Flat
Canadian shares may open somewhat flat on Friday, and the focus is on the upcoming meeting between U.S. President Donald Trump and Russian President Vladimir Putin, set to take place in Alaska later in the day.
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Taiwan Raises Growth Outlook
Taiwan's economy is expected to grow more than previously estimated this year on robust foreign demand for artificial intelligence and emerging technology applications. The economy is projected to expand 4.45 percent this year, which was revised up from 3.1 percent estimated earlier, the Directorate General of Budget, Accounting & Statistics said Friday.
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FTSE 100 Up Marginally; Miners Move Higher
U.K. stocks are gaining for a fifth straight session, with mining and energy stocks faring well on Friday. Hopes that the economic impact of Trump administration's tariff moves will not any significantly hurt British economic growth.
Expectations that the Trump - Putin summit later in the day will help end the war in Ukraine also contribute to the slightly positive mood in the market.
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Yen Rises As Japan Economy Expands In Q2
The Japanese yen strengthened against other major currencies in the Asian session on Friday, after Japan's gross domestic product expanded on quarter in the second quarter of 2025.
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CAC 40 Up Nearly 1%
French stocks gaining some ground in positive territory on Friday, continuing their upmove for the fourth consecutive session and expectations the meeting between U.S. President Donald Trump and Russian President Vladimir Putin will help bring about an end to the ongoing war in Ukraine.
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DAX Up Nearly 0.5%, Hits 5-week High
German stocks are up in positive territory on Friday, rising for the third consecutive session, and the benchmark DAX has hit a more than 5-week high, as some strong earnings updates and hopes about a positive outcome from U.S. President Donald Trump and Russian President Vladimir Putin's meeting help underpin sentiment.
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European Shares Extend Gains With Focus On Putin-Trump Talks
European stocks held near five-month highs on Friday amid hopes the Trump-Putin summit in Alaska might help end the war in Ukraine.
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3घंटे 42 मिनट पहले
Asian Shares Mostly Higher With Ukraine Talks In Focus
Asian stocks ended mostly higher on Friday as investors reacted to mixed economic data from China and Japan, and awaited the outcome of the Alaska summit between U.S. and Russian Presidents.
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