CAC 40 Edges Higher In Cautious Trade

RTTNews | 953天前
CAC 40 Edges Higher In Cautious Trade

(RTTNews) - French stocks were a tad higher in choppy trade on Wednesday after data showed Eurozone industrial output rose strongly in August.

Output from factories, mines and utilities rose 1.5 percent in August month-on-month, Eurostat said. Economists had expected a 0.5 percent increase.

Year-on-year, industrial production increased 2.5 percent in the month.

The benchmark CAC 40 was up 9 points, or 0.2 percent, at 5,841 after closing 0.1 percent lower the previous day.

Luxury group LVMH rallied 2.5 percent after posting a brisk rise in sales in the third quarter, driven by strong local demand and returning foreign visitors in Europe, the U.S. and Japan.

Eutelsat Communications declined 0.7 percent. The satellite operator, which has signed a pact with British communications network OneWeb for a potential combination, said it is moving to the next level in the deal, with a full combination.

read more
Walmart To Cut 1,500 Corporate Jobs In Cost-cutting Efforts

Walmart To Cut 1,500 Corporate Jobs In Cost-cutting Efforts

Amid a challenging retail environment, due to fierce competition along with ongoing tariff issues, retail behemoth Walmart Inc. is planning to cut around 1,500 corporate jobs in the United States as part of its restructuring, media reported citing a memo. The multinational chain of hypermarkets, discount department stores, and grocery stores' efforts to simplify its operations...
RTTNews | 58分鐘前
German Ifo Business Sentiment Strengthens; Composite PMI Falls

German Ifo Business Sentiment Strengthens; Composite PMI Falls

German business confidence strengthened in May as companies became less concerned about uncertainties regarding trade tariffs, a closely watched survey showed Thursday. The Purchasing Managers' survey compiled by S&P Global today showed that the German private sector activity contracted the most in five months in May due to a deepening downturn in the service sector.
RTTNews | 1小時0分鐘前
Antipodean Currencies Fall, Yen Gains Amid Risk-off Sentiment

Antipodean Currencies Fall, Yen Gains Amid Risk-off Sentiment

The Antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Thursday on increased risk-off sentiment, following the broadly negative cues from Wall Street overnight, amid rising treasury yields on concerns about the fiscal impact of a new U.S. tax bill on the country's deficit. The lack of clear progress on new trade deals is also weighing on the markets.
RTTNews | 5小時1分鐘前