CAC 40 Drifts Lower Ahead Of US Jobs Data

RTTNews | 342 days ago
Stocktwits
CAC 40 Drifts Lower Ahead Of US Jobs Data

(RTTNews) - French stocks were slightly lower on Friday as worries about a U.S. recession kept investors' risk appetite in check.

After weak manufacturing and weekly jobless claims data, all eyes remain on the U.S. payrolls data, due later in the day that could shed some more light on the state of the economy and the Fed's rate path.

The benchmark CAC 40 was down 24 points, or 0.3 percent, at 7,347 after plummeting 2.1 percent the previous day.

Insurer AXA rallied 2.1 percent. Its arm AXA Investment Managers has entered into negotiations to sell its investment arm to BNP Paribas in a €5.1bn deal. Shares of BNP Paribas were down 1.3 percent.

Energy company Engie jumped 3.5 percent. The company lifted its profit guidance for 2024, citing a strong first-half performance in power generation and lower-than-expected financial costs.

Stocktwits
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U.S. Weekly Jobless Claims Unexpectedly Edge Lower

U.S. Weekly Jobless Claims Unexpectedly Edge Lower

First-time claims for U.S. unemployment benefits unexpectedly edged modestly lower in the week ended July 5th, according to a report released by the Labor Department on Thursday.
RTTNews | 41 minutes ago
Bay Street Seen Opening On Mixed Note

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FTSE 100 Rises To Record High As Mining Stocks Rally

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RTTNews | 1h 53min ago
CAC 40 Moderately Higher On Trade Deal Hopes

CAC 40 Moderately Higher On Trade Deal Hopes

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RTTNews | 2h 28min ago
DAX Modestly Up After Hitting Fresh Record High

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RTTNews | 2h 48min ago
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RTTNews | 3h 43min ago
European Shares Extend Gains On Trade Deal Optimism

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RTTNews | 4h 16min ago
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