CAC 40 Gains As US Debt Deal Progress Boosts Sentiment

RTTNews | 820 일 전
CAC 40 Gains As US Debt Deal Progress Boosts Sentiment

(RTTNews) - French stocks climbed on Thursday as investors cheered signs of progress on the U.S. debt ceiling deal, solid manufacturing data from China and dovish comments from Federal Reserve officials hinting at a pause in interest-rate hikes.

A private survey showed Chinese manufacturing activity unexpectedly swung to growth in May.

Traders shrugged off signs of a deepening downturn in Eurozone manufacturing activity in May and awaited inflation data due later in the day.

The benchmark CAC 40 was up 69 points, or 1 percent, at 7,168 after closing 1.5 percent lower in the previous session.

Safran gained 1.4 percent. The aerospace and defense company said that it has entered into exclusive discussions with Air Liquide SA to buy its aeronautical oxygen and nitrogen activities, excluding the cryogenic activities related to marine applications.

Spirits group Remy Cointreau edged down slightly after it warned of a continued slowdown of consumption growth in the U.S.

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German Inflation Accelerates To 2.2% In August

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
RTTNews | 6 시간 34 분 전
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | 9 시간 24 분 전
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | 9 시간 53 분 전
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 | 12 시간 56 분 전
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 | 13 시간 39 분 전