CAC 40 Gains As Aggressive Fed Bets Ease

RTTNews | 1113天前
CAC 40 Gains As Aggressive Fed Bets Ease

(RTTNews) - French stocks rose on Friday as signs of cooling consumer and producer price inflation in the United States prompted traders to pare bets of aggressive policy tightening by the Federal Reserve.

Meanwhile, France's unemployment rate increased unexpectedly in the June quarter, though slightly, data from the statistical office INSEE showed.

The ILO jobless rate stood at 7.4 percent in the second quarter versus 7.3 percent in the March quarter. Economists had forecast the rate to remain stable at 7.3 percent.

The benchmark CAC 40 rose 28 points, or 0.4 percent, to 6,573 after rising 0.3 percent on Thursday.

Sanofi gained about 1 percent following two days of losses on growing worries about U.S. litigation focused on a heartburn drug that contained a probable carcinogen.

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German Inflation Accelerates To 2.2% In August

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
RTTNews | 2小時31分鐘前
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | 5小時21分鐘前
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | 5小時49分鐘前
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | 8小時53分鐘前
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | 9小時36分鐘前