CAC 40 Rallies After Softer Inflation Data

RTTNews | 678 days ago
CAC 40 Rallies After Softer Inflation Data

(RTTNews) - French stocks rallied on Friday after data showed French inflation unexpectedly slowed in September as a result of easing food prices.

Inflation in France stood at 4.9 percent in September, the same as in August, official data revealed.

However, the harmonized index, which is important for the European Central Bank, rose 5.6 percent from a year earlier, after a 5.7 percent in August.

Eurozone inflation data and the Fed's preferred inflation gauge are due for release later in the day.

The benchmark CAC 40 rose 62 points, or 0.9 percent, to 7,178 after rising 0.6 percent the previous day.

China-exposed luxury stocks traded higher, with LVMH, Kerin and Hermes International rallying 2-4 percent on expectations of increased sales during the Golden Week holiday in mainland China.

read more
Bank Of England Cuts Rate In Tight Vote

Bank Of England Cuts Rate In Tight Vote

The Bank of England reduced its benchmark interest rate in a close call on Thursday suggesting that the monetary easing cycle is nearing an end as policymakers became more concerned about persistent inflation. The Monetary Policy Committee, headed by BoE Governor Andrew Bailey, voted 5-4 to cut the bank rate by 25 basis points to 4.00 percent.
RTTNews | 11 minutes ago
Pound Jumps After BoE Rate Decision

Pound Jumps After BoE Rate Decision

The British pound strengthened against other major currencies in the European session on Thursday the Bank of England (BoE) reduced UK interest rates by a quarter point, making it the fifth reduction in a year, although almost half of its policymakers opted to maintain borrowing costs.
RTTNews | 1h 35min ago
CAC 40 Remains Firmly Up; ArcelorMittal Rises Over 7%

CAC 40 Remains Firmly Up; ArcelorMittal Rises Over 7%

French stocks are up in positive territory on Thursday, despite concerns about the impact of U.S. tariffs that come into force today. Investors are largely focusing on earnings, and digesting the Bank of England's interest rate decision.
RTTNews | 1h 37min ago
Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Thursday.
RTTNews | 1h 53min ago
Euro Rises Amid Trump's Tariff Implementations

Euro Rises Amid Trump's Tariff Implementations

The euro strengthened against other major currencies in the European session on Thursday, as European shares rallied following the implementation of Trump's extensive "reciprocal" tariffs, which include a blanket 15% tax on exports from the EU.
RTTNews | 2h 10min ago