CAC 40 Gains As Earnings Bring Cheer

RTTNews | 554 days ago
CAC 40 Gains As Earnings Bring Cheer

(RTTNews) - French stocks rose notably on Thursday as investors cheered strong earnings updates and flash survey data from S&P Global showing that France's private sector activity contracted at a slower pace in February.

The composite output index rose to a nine-month high of 47.7 in February from 44.6 in January.

The benchmark CAC 40 was up 65 points, or 0.8 percent, at 7,877 after gaining 0.2 percent the previous day.

Energy company ENGIE jumped 2.5 percent after raising its 2024 financial guidance. Hotel group Accor soared 4.1 percent after annual core profit topped forecasts.

AXA climbed 3.2 percent. The insurer launched a share buyback after reporting higher FY23 underlying profit.

Yoghurt maker Danone added nearly 2 percent as it delivered 2023 sales growth at the top end of its forecast.

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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 | 2h 43min 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 | 3h 12min 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 | 6h 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 | 6h 59min ago
German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
RTTNews | 7h 28min ago