CAC 40 Struggles For Direction As Inflation Accelerates

RTTNews | 460 hari yang lalu
Stocktwits
CAC 40 Struggles For Direction As Inflation Accelerates

(RTTNews) - French stocks struggled for direction on Friday after data showed consumer prices in the country rose at a faster rate this month due to higher energy prices.

Consumer prices rose an average 2.7 percent year-on-year in May, according to EU-harmonized figures set out by national statistics agency Insee.

Eurozone and U.S. inflation readings are awaited later in the day.

The benchmark CAC 40 was marginally higher at 7,983 after rising 0.6 percent the previous day.

Sanofi shares dropped half a percent. The French drug major and Regeneron Pharmaceuticals, Inc. announced that the U.S. FDA has requested additional analyses on the efficacy of Dupixent as an add-on treatment in certain patients 'smoker's lung'.

Automaker Renault declined 1.4 percent after it announced a joint venture with Chinese partner Geely for hybrid combustion engines.

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Australian Market Notably Higher

Australian Market Notably Higher

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Higher Open Called For China Stock Market

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RTTNews | 18 minit yang lalu
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RTTNews | 1j 48min yang lalu
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Win Streak May Continue For South Korea Shares

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RTTNews | 2j 18min yang lalu
Australia Trade Data Due On Thursday

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Australia will on Thursday release August numbers for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity. In July, imports were down 3.1 percent on month and exports rose 6.0 percent for a trade surplus of A$5.365 billion.
RTTNews | 3j 18min yang lalu
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