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CAC 40 Edges Higher Led By Banks

RTTNews | 857 days ago

CAC 40 Edges Higher Led By Banks

(RTTNews) - French stocks eked out modest gains on Monday after the Federal Reserve's preferred gauge of inflation rose less than expected in February, boosting optimism policymakers might hit the pause button on rate hikes in May.

Investors shrugged off the results of a survey pointing to a second successive month of falling factory activity,

S&P Global France Manufacturing PMI was revised lower to 47.3 in March 2023 from a preliminary estimate of 47.7 and below February's 47.4.

The benchmark CAC 40 was up 28 points, or 0.3 percent, at 7,347 after climbing 0.8 percent on Friday.

Banks rose, with BNP Paribas, Credit Agricole and Societe Generale gaining 1-2 percent.

Airline Air France KLM fell over 1 percent as oil prices jumped more than 5 percent after a surprise oil output cut announcement by Saudi Arabia and other major oil producers.

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Bank Of England Cuts Rate In Tight Vote

Bank Of England Cuts Rate In Tight Vote

The Bank of England reduced its benchmark interest rate in a close call on Thursday suggesting that the monetary easing cycle is nearing an end as policymakers became more concerned about persistent inflation. The Monetary Policy Committee, headed by BoE Governor Andrew Bailey, voted 5-4 to cut the bank rate by 25 basis points to 4.00 percent.

RTTNews | 39 minutes ago

Global Cues, Firm Commodity Prices Point To Another Firm Start On Bay Street

Global Cues, Firm Commodity Prices Point To Another Firm Start On Bay Street

Canadian shares are likely to open higher Thursday morning, tracking positive global cues and higher commodity prices.

RTTNews | 1h 21min ago

U.S. Labor Productivity Surges 2.4% In Second Quarter

U.S. Labor Productivity Surges 2.4% In Second Quarter

Labor productivity in the U.S. saw a significant rebound in the second quarter of 2025, according to preliminary data released by the Labor Department on Thursday.

RTTNews | 1h 28min ago

U.S. Weekly Jobless Claims Rise More Than Expected

U.S. Weekly Jobless Claims Rise More Than Expected

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 2nd.

RTTNews | 1h 35min ago

Pound Jumps After BoE Rate Decision

Pound Jumps After BoE Rate Decision

The British pound strengthened against other major currencies in the European session on Thursday the Bank of England (BoE) reduced UK interest rates by a quarter point, making it the fifth reduction in a year, although almost half of its policymakers opted to maintain borrowing costs.

RTTNews | 2h 3min ago

CAC 40 Remains Firmly Up; ArcelorMittal Rises Over 7%

CAC 40 Remains Firmly Up; ArcelorMittal Rises Over 7%

French stocks are up in positive territory on Thursday, despite concerns about the impact of U.S. tariffs that come into force today. Investors are largely focusing on earnings, and digesting the Bank of England's interest rate decision.

RTTNews | 2h 4min ago

Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Thursday.

RTTNews | 2h 20min ago

Euro Rises Amid Trump's Tariff Implementations

Euro Rises Amid Trump's Tariff Implementations

The euro strengthened against other major currencies in the European session on Thursday, as European shares rallied following the implementation of Trump's extensive "reciprocal" tariffs, which include a blanket 15% tax on exports from the EU.

RTTNews | 2h 38min ago

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