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CAC 40 Gains As Fed Worries Ease
(RTTNews) - French stocks rose on Friday to extend gains from the previous session after a survey showed business activity at French service providers expanded in February for the first time since October last year.
Sentiment was also underpinned after a Fed official suggested a measured approach to raising interest rates and a private survey showed China's services sector expanded at the fastest pace in six months in February.
The benchmark CAC 40 was up 38 points, or half a percent, at 7,320 after climbing 0.7 percent on Thursday.
Among the top gainers, BNP Paribas, Capgemini, Credit Agricole, Societe Generale, Veolia, Engie, ArcelorMittal, Renault and STMicroelectronics jumped 1-2 percent.
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New York Manufacturing Index Unexpectedly Indicates Growth In October
New York manufacturing activity has seen a significant turnaround in the month of October, according to a report released by the Federal Reserve Bank of New York on Wednesday. The New York Fed said its general business conditions index surged to a positive 10.7 in October after plunging to a negative 8.7 in September, with a positive reading indicating growth.
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2h 0min ago
Bay Street Likely To Open Higher Again
Canadian shares are likely to open on a positive note Wednesday morning, tracking the firm trend in European markets, and higher commodity prices.
The undertone is likely to remain firm amid expectations of an interest rate cut by the Federal Reserve at its upcoming monetary policy meeting.
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3h 3min ago
New York Manufacturing Index Unexpectedly Returns To Positive Territory
New York manufacturing activity has seen a significant turnaround in the month of October, according to a report released by the Federal Reserve Bank of New York on Wednesday.
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3h 4min ago
Eurozone Industrial Production Declines
Eurozone industrial production logged a monthly fall in August, reflecting the uncertainty surrounding the global trade environment. Industrial output dropped 1.2 percent month-on-month, in contrast to the 0.5 percent increase in July, Eurostat said Wednesday. However, the decline was less severe than the forecast of 1.6 percent.
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3h 26min ago
FTSE 100 Drifts Lower
The UK stock market is down in negative territory on Wednesday, unlike its peers Germany and France, which have moved higher thanks to a good show by stocks from the luxury sector after French major LVMH reported better-than-expected sales in the third quarter.
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3h 40min ago
CAC 40 Rises Over 2% As Luxury Stocks Sparkle
France's benchmark CAC 40 is up firmly in positive territory around early afternoon on Wednesday with luxury stocks turning in a fine performance after sector major LVMH's fairly strong sales in the third-quarter pointing to a recovery in global luxury demand.
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4h 6min ago
DAX Modestly Higher In Cautious Trade
After opening slightly higher and moving further up subsequently, the German market briefly fell into negative territory Wednesday morning before emerging above the flat line in cautious trade.
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5h 1min ago
Sensex, Nifty End Notably Higher On Firm Global Cues
Indian shares rose notably on Wednesday after Federal Reserve Chair Jerome Powell signaled two more quarter-point interest-rate cuts this year, citing a sharp slowdown in hiring.
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5h 14min ago
