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CAC-40 Rises As Easing Inflation Limits Pain Of Fed Fears

RTTNews | 702 days ago

CAC-40 Rises As Easing Inflation Limits Pain Of Fed Fears

(RTTNews) - Relief at a downward revision in inflation rates in the Euro Area propped up positive sentiment ahead of the FOMC outcome to be known on Wednesday. The CAC-40 benchmark has risen in cautious optimism.

Data released just a while ago showed annual inflation in the Euro Area being revised lower to 5.2 percent in the month of August. The reading, which is the lowest since January 2022 was initially estimated at 5.3 percent.

The CAC-40 is currently trading at 7,293.66, adding 0.24 percent from the previous close of 7378.82. The day's trading has been between 7,247.02 and 7306.02.

Only 12 of the 40 scrips in the index are currently trading in negative territory.

Renault topped with gains of 2.2 percent. Edenred, TotalEnergies, Stellantis, Worldline, Teleperformance and BNB Paribas, all added more than 1 percent.

Societe Generale extended losses with a decline of close to a percent. Legrand, Schneider Electric and Kering, all declined more than half percent.

The EUR/USD slipped 0.02 percent to trade at 1.0688, whereas the Dollar Index shed 0.12 percent to trade at 105.08.

Buoyed by the easing in inflation, yields on France's ten-year bonds have eased 0.6 percent to 3.246%.

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CAC 40 Moderately Lower

CAC 40 Moderately Lower

French stocks are exhibiting weakness on Thursday in cautious trade, with investors awaiting speeches from central bank chiefs at the Jackson Hole Symposium, which gets underway later in the day. Investors are also digesting flash survey figures on regional manufacturing and services sector activity in the month of August.

RTTNews | 23 minutes ago

Eurozone Private Sector Expands At Fastest Pace In 15 Months

Eurozone Private Sector Expands At Fastest Pace In 15 Months

Eurozone private sector expanded at the fastest pace in 15 months in August on stronger growth in manufacturing output despite challenges posed by U.S. trade tariffs. The HCOB flash composite output index climbed more-than-expected to 51.1 in August from 50.9 in July, survey results from S&P Global revealed Thursday. The score was seen at 50.7.

RTTNews | 27 minutes ago

DAX Down Marginally

DAX Down Marginally

German stocks are down in negative territory on Thursday with investors making cautious moves while looking ahead to Fed Chair Jerome Powell's speech at the Jackson Hole Symposium for clues about the central bank's likely move on rate cuts this year.

RTTNews | 41 minutes ago

Sensex, Nifty Extend Gains For Sixth Day On GST Optimism

Sensex, Nifty Extend Gains For Sixth Day On GST Optimism

Indian shares extended gains for a sixth day running on Thursday as investors continued to remain optimistic about S&P's rating upgrade for India, improving Sino-India relations and the Centre's plan to rationalize Goods and Services Tax (GST).

RTTNews | 56 minutes 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 59min ago

European Shares Subdued Ahead Of Jackson Hole Summit

European Shares Subdued Ahead Of Jackson Hole Summit

European stocks were little changed on Thursday as investors looked ahead to Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium for hints of possible rate cuts this year.

RTTNews | 2h 7min ago

Indian Rupee Rises To 2-day High On Upbeat India's PMI Data

Indian Rupee Rises To 2-day High On Upbeat India's PMI Data

The Indian rupee strengthened against the U.S. dollar in the European session on Thursday, after India's private sector activity expanded at the fastest pace on record amid sharp growth in new orders.

RTTNews | 2h 18min ago

Asian Shares Mixed As Investors Await Powell Speech

Asian Shares Mixed As Investors Await Powell Speech

Asian stocks ended mixed on Thursday as investors awaited policy signals from Federal Reserve Chair Jerome Powell, who is expected to speak on Friday at the Fed's annual conference in Jackson Hole, Wyoming.

RTTNews | 2h 38min ago

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