CAC 40 Edges Lower In Lackluster Trade

RTTNews | 543 days ago
CAC 40 Edges Lower In Lackluster Trade

(RTTNews) - French stocks were slightly lower on Monday as investors kept a close eye on tensions in the Middle East and awaited cues from Fed Chair Jerome Powell's congressional testimony due this week for fresh insights into the monetary policy outlook.

The testimony is scheduled for two days March 6 and 7.

Meanwhile, the European Central Bank is expected to freeze interest rates again this week amid a complex economic landscape.

The benchmark CAC 40 was down 10 points, or 0.1 percent, at 7,923 after ending marginally higher on Friday.

BNP Paribas added 1.5 percent. The financial services major has announced the launch of a share repurchase program of 1.055 billion euros.

The repurchase period will begin on March 4, and will end no later than April 23.

read more
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 | 5h 54min ago
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 | 8h 44min ago
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 | 9h 13min ago
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 | 12h 16min ago
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 | 12h 59min ago