CAC 40 Rallies As Industrial Output Rebounds
(RTTNews) - French stocks were trading higher on Friday after official data showed France's industrial production rebounded in April, led by a sharp recovery in petroleum output.
Industrial output logged a monthly growth of 0.8 percent, reversing the 1.1 percent decrease in March. Production was expected to climb 0.3 percent.
The passing of the U.S. debt ceiling bill and optimism that the U.S. Federal Reserve will pause interest-rate hikes in June also buoyed investor sentiment.
The benchmark CAC 40 was up 64 points, or 0.9 percent, at 7,199 after gaining 0.6 percent the previous day.
The dollar extended slide while Treasury yields held steady ahead of the all-important U.S. jobs data due later in the day.
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Dollar Stays Firm Against Major Counterparts
The U.S. dollar gained against its major counterparts on Thursday, extending recent uptrend, amid continued bets the Federal Reserve will keep interest rates higher for a few more months.
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Canadian Market Down Firmly In Negative Territory
The Canadian market is down firmly in negative territory Thursday afternoon, with stocks from across several sectors reeling under sustained selling pressure, amid concerns the U.S. interest rates will remain higher for a longer time.
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Swiss Market Ends Slightly Higher
The Switzerland market ended slightly up on Thursday after spending much of the day's session fairly well above the flat line.
Investors assessed the latest batch of European economic data, reacted to earnings and other corporate updates.
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7小時16分鐘前
European Stocks Pare Early Gains, Close On Mixed Note
European stocks pared early gains and ended on a mixed note on Thursday as investors continued to assess the likely moves of central banks with regard to interest rates in the wake of recent economic data, and the minutes of the Federal Reserve's latest monetary policy meeting released on Wednesday.
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7小時34分鐘前
U.S. Dollar Advances Amid Solid PMI Data
The U.S. dollar climbed against its major counterparts in the New York session on Thursday, as the nation's business activity accelerated sharply in May, its highest level since April 2022.
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U.S. New Home Sales Pull Back Much More Than Expected In April
After reporting a sharp increase in new home sales in the U.S. in the previous month, the Commerce Department released a report on Thursday showing new home sales pulled back by much more than expected in the month of April. The Commerce Department said new home sales plunged by 4.7 percent to an annual rate of 634,000 in April after surging by 5.4 percent to a revised rate of 665,000 in March.
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10小時13分鐘前
Microsoft Launches Copilot+ PCs Designed For AI
Microsoft has launched a new category of Windows PCs designed for Artificial Intelligence (AI) that are slated to be the fastest and most intelligent Windows PCs ever built. The Copilot+ PCs come with built-in AI hardware and will support AI features across the operating system.
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