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CAC 40 Declines After Flash PMI Data
(RTTNews) - French stocks fell on Friday amid growth concerns after a monthly survey showed the country's dominant services sector contracted at a faster pace in September.
The HCOB flash purchasing managers index (PMI) for the services sector, compiled by S&P Global, hit a 34-month low of 43.9 points in September while the manufacturing PMI came in at 43.6 points.
The benchmark CAC 40 was down 50 points, or 0.7 percent, at 7,164 after plunging 1.6 percent the previous day.
Sanofi SA shares fell over 1 percent. Based on the evolution of foreign currencies, the company said its preliminary estimate of negative currency impact on third quarter sales is approximately between 7.5 percent and 8.5 percent and approximately between 8.5 percent and 9.5 percent on business EPS.
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U.S. Construction Spending Unexpectedly Sees Further Downside In June
The Commerce Department released a report on Friday unexpectedly showing a continued decrease by U.S. construction spending in the month of June. The report said construction spending fell by 0.4 percent to an annual rate of $2.136 trillion in June after sliding by 0.5 percent to a revised rate of $2.144 trillion in May.
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Pred 54 minútami
U.S. Consumer Sentiment Improves Marginally Less Than Previously Estimated In July
Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved marginally less than previously estimated in the month of July. The University of Michigan said its consumer sentiment index for July was downwardly revised to 61.7 from a preliminary reading of 61.8. Economists had expected the index to be upwardly revised to 62.0.
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Pred 58 minútami
U.S. Manufacturing Index Unexpectedly Dips To Nine-Month Low In July
Manufacturing activity in the U.S. unexpectedly contracted at a slightly faster rate in the month of July, according to a report released by the Institute for Supply Management on Friday. The ISM said its manufacturing PMI edged down to 48.0 in July after inching up to 49.0 in June with a reading below 50 indicating contraction.
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Pred 1 h 0 min
Eurozone Inflation Steady At 2% ECB Target
Euro area consumer price inflation was unchanged at the European Central Bank's 2 percent target in July, easing the pressure for more easing. The harmonized index of consumer prices increased 2.0 percent year-on-year in July, the same rate of increase as seen in June. Inflation was forecast to ease marginally to 1.9 percent.
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Pred 1 h 47 min
U.S. Job Growth Misses Estimates In July, Previous Months' Numbers Revised Sharply Lower
Job growth in the U.S. fell well short of economist estimates in the month of July, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment rose by 73,000 jobs in July, while economists had expected employment to jump by 110,000 jobs.
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Pred 1 h 55 min
Bay Street Likely To Open On Weak Note
Canadian shares are set to open on a negative note on Friday as U.S. President Donald Trump's announcement of fresh tariffs on Canada and several other countries has hurt investor sentiment across global markets.
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Pred 3 h 7 min
U.S. Employment Rises Much Less Than Expected In July
Job growth in the U.S. fell well short of economist estimates in the month of July, according to a closely watched report released by the Labor Department on Friday.
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Pred 3 h 9 min
FTSE 100 Down 0.55% As Trump's Tariff Moves Hurt Sentiment
U.K. stocks are down in negative territory on Friday, weighed down by trade concerns after U.S. President Donald Trump announced sweeping tariffs on several countries. The President's letters to 17 major pharma firms, urging them to cut prices, has triggered a sell-off in the pharmaceutical sector.
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Pred 4 h 16 min
