CAC 40 Edges Higher In Cautious Trade

RTTNews | 829天前
CAC 40 Edges Higher In Cautious Trade

(RTTNews) - French stocks rose slightly on Thursday and the euro hovered near a one-year high against the dollar as Europe's resilient economy contrasted with the baking turmoil and an impending recession in the United States.

The benchmark CAC 40 was up 31 points, or 0.4 percent, at 7,497 after declining 0.9 percent the previous day.

TotalEnergies fell about 1 percent after oil prices fell nearly 4 percent overnight on demand worries.

Drug maker Sanofi edged up slightly after posting better-than-expected results for the first quarter and backing its earnings view.

Spirits group Pernod Ricard was little changed despite reporting a decline in third-quarter sales.

Schneider Electric added 1.6 percent after reporting a rise in Q1 revenue and lifting its FY23 organic growth view.

read more
U.S. Construction Spending Unexpectedly Sees Further Downside In June

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.
RTTNews | 2天前
U.S. Consumer Sentiment Improves Marginally Less Than Previously Estimated In July

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.
RTTNews | 2天前
U.S. Manufacturing Index Unexpectedly Dips To Nine-Month Low In July

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.
RTTNews | 2天前
Eurozone Inflation Steady At 2% ECB Target

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.
RTTNews | 2天前