CAC 40 Climbs On Budget Optimism
(RTTNews) - French stocks traded sharply higher on Friday after President Emmanuel Macron said he will appoint a new prime minister in the coming days and will get the 2025 budget adopted by parliament.
The benchmark CAC 40 was up 63 points, or 0.9 percent, at 7,393 after adding 0.4 percent to reach a three-week high in the previous session.
Meanwhile, France's foreign trade deficit decreased in October as exports grew amid a fall in imports, data from the customs office showed today.
The trade deficit dropped to EUR 7.67 billion in October from EUR 8.42 billion in the previous month. The expected shortfall was EUR 8.0 billion.
In the same month last year, the deficit was EUR 8.39 billion.
Exports posted a monthly increase of 0.9 percent in October, while imports showed a decline of 0.5 percent. Year-on-year, exports and imports fell 2.7 percent and 3.3 percent, respectively.
U.S. Dollar Drops After Powell's Speech
TSX Hits New Record High As Stocks Rally On Fed Rate Cut Hopes
Powell Says Outlook, Shifting Balance Of Risks 'May Warrant' Lower Rates
Bay Street Likely To Open On Mixed Note; Powell's Speech Eyed
Sensex, Nifty Snap Six-day Winning Streak On Tariff Concerns
FTSE 100 Down Slightly; Standard Chartered Shares Up Sharply
U.S. Dollar Rises Ahead Of Fed's Powell Speech
