CAC 40 Slips As House Votes On US Debt Limit Bill

RTTNews | 821天前
CAC 40 Slips As House Votes On US Debt Limit Bill

(RTTNews) - French stocks fell notably on Wednesday after data showed manufacturing activity in China contracted at a worse pace than in April, adding to doubts about China's post-Covid recovery.

Investors also waited to see whether hardline Republicans would vote down a crucial bill to hike the U.S. borrowing limit and risk a catastrophic default.

Closer home, flash figures released earlier today showed French inflation eased to 6 percent from 6.9 percent in April.

The rate of price growth in the country has probably passed its peak, central bank governor Francois Villeroy de Galhau, said.

The benchmark CAC 40 was down 50 points, or 0.7 percent, at 7,159 after falling 1.3 percent the previous day.

Biopharmaceutical company IPSEN was little changed as it seeks shareholder approval for a buyback of up to roughly 1.68 billion euros ($1.80 billion) aimed at shoring up liquidity and pursue potential mergers.

Drug major Sanofi was marginally lower. The company announced positive Phase 2 data of novel investigational anti-CD40L antibody frexalimab, showing significantly reduced disease activity in relapsing multiple sclerosis.

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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 | 25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 | 1小時8分鐘前
German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
RTTNews | 1小時38分鐘前
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Friday, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.
RTTNews | 2小時51分鐘前
FTSE 100 Weak Again, Looks Headed For Weekly Loss

FTSE 100 Weak Again, Looks Headed For Weekly Loss

U.K. stocks are trading lower on Friday, losing ground for a fourth straight session, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.
RTTNews | 3小時24分鐘前