CAC 40 Drifts Lower As Powell Dashes Rate-cut Hopes

RTTNews | 272天前
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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European Economic News Preview: UK GDP & Foreign Trade Data Due

European Economic News Preview: UK GDP & Foreign Trade Data Due

Monthly GDP estimates and foreign trade from the UK and flash quarterly national accounts and employment from the euro area are due on Thursday. At 2.00 am ET, the Office for National Statistics releases UK GDP, industrial output and foreign trade data. The economy is forecast to grow 0.2 percent on a monthly basis in June, reversing a 0.1 percent fall in May.
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Yen Rises Against Majors

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RTTNews | 2小時28分鐘前
Australian Market Extends Early Gains In Mid-market

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RTTNews | 3小時16分鐘前
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

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RTTNews | 3小時48分鐘前