CAC 40 Inches Lower As Investors Await Powell Speech

RTTNews | 576 days ago
CAC 40 Inches Lower As Investors Await Powell Speech

(RTTNews) - French stocks were moving lower on Tuesday as China reported mixed trade data and investors looked ahead to Fed Chair Jerome Powell's speech due on Wednesday and Thursday for additional clarity on the U.S. rate outlook.

China's exports shrank 6.4 percent year-on-year in October, while imports unexpectedly grew 3.0 percent to snap 11 straight months of decline, official data showed in a sign that recovery in the world's second-largest economy remains uneven despite a series of government stimulus measures.

The benchmark CAC 40 was down 17 points, or 0.2 percent, at 6,997.

Engie gained about 1 percent. The energy company raised its full-year outlook after reporting earnings before interest and taxes of 8.322 billion euros for the 9-month period, 14.7 percent from 7.254 billion euros in the same period a year ago.

Capgemini was marginally lower. The IT company registered a decline revenue for the third-quarter of 2023, amidst challenging macro-economic conditions.

read more
U.S. Trade Deficit Narrows Substantially In April As Imports Plummet

U.S. Trade Deficit Narrows Substantially In April As Imports Plummet

Largely reflecting a sharp pullback by the value of the imports, the Commerce Department released a report on Thursday showing a substantial decrease in the size of the U.S. trade deficit in the month of April. The Commerce Department said the U.S. trade deficit narrowed to $61.6 billion in April from a revised $138.3 billion in March.
RTTNews | 12 minutes ago
U.S. Jobless Claims Unexpectedly Rise To Nearly Eight-Month High

U.S. Jobless Claims Unexpectedly Rise To Nearly Eight-Month High

With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly increased in the week ended May 31st. The report said initial jobless claims climbed to 247,000, an increase of 8,000 from the previous week's revised level of 239,000.
RTTNews | 31 minutes ago
German Manufacturing Orders Rise Unexpectedly

German Manufacturing Orders Rise Unexpectedly

German manufacturing orders increased in April confounding fears that higher tariffs by the US administration would hit the factory sector, official data revealed Thursday. Factory orders rose 0.6 percent month-on-month in April, following a revised 3.4 percent rise in March, Destatis said. This was the second consecutive month of growth. Orders were expected to fall 1.0 percent.
RTTNews | 59 minutes ago
U.S. Trade Deficit Narrows Much More Than Expected In April

U.S. Trade Deficit Narrows Much More Than Expected In April

Largely reflecting a sharp pullback by the value of the imports, the Commerce Department released a report on Thursday showing a substantial decrease in the size of the U.S. trade deficit in the month of April.
RTTNews | 1h 16min ago
U.S. Weekly Jobless Claims Unexpectedly Rise To 247,000

U.S. Weekly Jobless Claims Unexpectedly Rise To 247,000

With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly increased in the week ended May 31st.
RTTNews | 1h 21min ago
Bay Street Likely To Open On Cautious Note; Resources Stocks May Move Up

Bay Street Likely To Open On Cautious Note; Resources Stocks May Move Up

The Canadian market is likely to open on a cautious note on Thursday with investors looking for news from the trade front. Canadian and U.S. jobs data, due on Friday may provide some clues about the outlook for growth. Higher commodity prices may prompt investors to pick up resources stocks.
RTTNews | 1h 53min ago