CAC 40 Marginally Higher Ahead Of Growth Data

RTTNews | 266 days ago
CAC 40 Marginally Higher Ahead Of Growth Data

(RTTNews) - French stocks edged up slightly on Thursday ahead of Eurozone growth data due later in the day.

Earnings offered some comfort as bond yields surged amid inflation concerns under Trump's presidency.

European government bond yields increased, mirroring U.S. Treasuries, on expectations that Trump's proposed policies and tariffs may result in increased U.S. deficit.

The benchmark CAC 40 was up 8 points, or 0.1 percent, at 7,225 after declining 0.1 percent the previous day.

Alstom rose about 2 percent. The train maker beat expectations for its half-year cash position, helped by increased volumes and cost saving initiatives.

SCOR SE jumped 6.6 percent. The reinsurer reported a group net loss in Q3 2024, but its P&C segment saw a very strong performance, with a combined ratio of 88.3 percent.

read more
Commodity Currencies Rise Amid Risk-On Mood, Strong China Export Data

Commodity Currencies Rise Amid Risk-On Mood, Strong China Export Data

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major counterparts in the Asian session on Thursday amid increased risk appetite by the investors, after U.S. President Donald Trump said the U.S. was closing in on the trade deal with China. Traders also remain optimistic about the U.S. Fed cutting interest rates as early as September based on the recent economic data from the U.S.
RTTNews | 35 minutes ago
China Exports Growth Accelerates; Imports Rise Unexpectedly

China Exports Growth Accelerates; Imports Rise Unexpectedly

China's exports logged a robust growth in July as the sharp decline in shipments to the US was offset by the rise in exports to the EU and other markets, official data revealed Thursday. Exports surged 7.2 percent on a yearly basis, following June's 5.8 percent increase, the customs office reported. Exports were forecast to climb 5.4 percent.
RTTNews | 1h 8min ago
UK House Prices Rise At Fastest Pace In 6 Months

UK House Prices Rise At Fastest Pace In 6 Months

UK house prices grew at the fastest pace in six months in July as the property market started to stabilize following the end of the stamp duty holiday, data from the mortgage lender Halifax showed on Thursday. House prices increased by more-than-expected 0.4 percent in July from June. Prices were expected to grow at a steady pace of 0.1 percent in July. Moreover, this was the fastest growth sinc
RTTNews | 1h 48min ago
German Exports Recover In June

German Exports Recover In June

Germany's exports grew for the first time in three months in June despite falling shipments to the US, data from Destatis revealed Thursday. Exports advanced 0.8 percent on a monthly basis in June, reversing a fall of 1.4 percent in May. Shipments were expected to rise 0.5 percent. Reflecting the impact of higher tariff, exports to the United States dropped 2.1 percent on a monthly basis.
RTTNews | 2h 19min ago