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CAC 40 Edges Higher As Business Activity Improves
(RTTNews) - French stocks were slightly higher on Friday after a survey showed business activity in the country grew more than expected in April.
The flash reading for the April composite PMI - which comprises both the services and manufacturing sectors - rose to 53.8 points from 52.7 points in March. Economists had forecast the reading to remain unchanged at 52.7.
The manufacturing PMI fell to 45.50 from 47.30 in March while the services PMI improved to 56.30 from 53.90 in March.
The benchmark CAC 40 was up 15 points, or 0.2 percent, at 7,553 after closing 0.1 percent lower the previous day.
The dollar headed for its first weekly gain in nearly two months amid bets that the Federal Reserve will increase interest rates in May.
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Swiss Franc Falls Against Majors
The Swiss franc dropped against its major counterparts in the New York session on Wednesday.
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2h 10min ago
Swiss Market Ends Moderately Lower
After a brief spell in positive territory early on in the session on Wednesday, the Switzerland market turned a bit easy and moved along the flat line till around mid afternoon before losing ground to eventually close on a negative note.
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4h 59min ago
European Stocks Close On Mixed Note
European stocks turned in a mixed performance on Wednesday as investors digested data showing a modest drop in U.S. producer prices in the month of August, and continued to assess the developments on the trade front. Some of the major markets started off on a firm note, but failed to sustain at higher levels.
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5h 28min ago
U.S. Wholesale Inventories Inch Up 0.1% In July, Slightly Less Than Expected
Wholesale inventories in the U.S. increased slightly less than expected in the month of July, according to a report released by the Commerce Department on Wednesday. The Commerce Department said wholesale inventories crept up by 0.1 percent in July after rising by an upwardly revised 0.2 percent in June.
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8h 42min ago
U.S. Producer Prices Unexpectedly Edge Slightly Lower In August
Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by U.S. producer prices in month of August. The Labor Department said its producer price index for final demand edged down by 0.1 percent in August after climbing by a downwardly revised 0.7 percent in July.
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9h 3min ago
U.S. Producer Prices Unexpectedly Edge Down 0.1% In August
Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by producer prices in the U.S. in the month of August.
RTTNews
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10h 22min ago
Bay Street Seen Opening Higher
Canadian stocks are likely to open higher on Wednesday, tracking firm oil and metal prices. The mood may change a bit cautious at higher levels with investors looking ahead to the crucial U.S. inflation data, due later in the week.
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10h 32min ago
Major European Markets In Positive Territory In Cautious Trade
The major European markets are up in positive territory on Wednesday with investors picking up stocks amid continued optimism about a sharp rate cut by the Federal Reserve following recent weak labor market data. Easing concerns on the trade front also contribute to the positive sentiment in the markets.
RTTNews
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11h 5min ago
