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CAC 40 Edges Higher With Service PMI In Focus
(RTTNews) - French stocks were marginally higher on Wednesday after a survey showed services sector activity in the country shrank less than initially thought in September.
The HCOB final purchasing managers index (PMI) for the services sector, compiled by S&P Global, dropped to 44.4 points, marking the lowest level in almost three years. However, that was above September's initial "flash" reading of 43.9 points.
The benchmark CAC 40 was up 9 points, or 0.1 percent, at 7,006 after falling 1 percent the previous day.
Drug major Sanofi S.A. rose about 1 percent after it announced a collaboration with Teva Pharmaceuticals, a U.S. subsidiary of Teva Pharmaceutical Industries Ltd., to co-develop and co-commercialize asset TEV '574, an inflammatory bowel disease treatment.
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Swiss Market Ends Weak For 3rd Straight Day; SNB Leaves Rates Unchanged
The Switzerland market ended notably lower for a third straight session, as stocks reeled under selling pressure right through the day's trading session Thursday. Investors digested the Swiss central bank's decision to leave its policy rate unchanged.
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Před 1 h 17 min
European Markets Close Weak On Rate Uncertainty, Growth Concerns
European stocks closed broadly lower on Thursday, weighed down by concerns about Trump administration's trade policy, and uncertainty about the outlook for Federal Reserve's interest rates. Investors digested regional data, and the latest batch of economic data from the U.S.
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Před 1 h 35 min
Canadian Market Recovers From Early Setback, Down Just Marginally
Canadian stocks are down in negative territory on Thursday, extending weakness to a third straight session, amid uncertainty about the outlook for U.S. interest rates following data showing stronger than expected U.S. GDP growth in the second quarter.
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Před 3 h 22 min
U.S. Existing Home Sales Dip Much Less Than Expected In August
Existing home sales in the U.S. saw a modest pullback in the month of August, according to a report released by the National Association of Realtors on Thursday. NAR said existing home sales dipped by 0.2 percent to an annual rate of 4.00 million in August after jumping by 2.0 percent to an annual rate of 4.01 million in July. Economists had expected existing home sales to slump by 1.3 percent.
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Před 4 h 57 min
U.S. GDP Surges 3.8% In Q2, Much More Than Previously Estimated
Revised data released by the Commerce Department on Thursday showed the U.S. economy unexpectedly grew by much more than previously estimated in the second quarter of 2025. The report said real gross domestic product spiked by 3.8 percent in the second quarter compared to the previously reported 3.3 percent surge. Economists had expected the pace of GDP growth to be unrevised.
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Před 5 h 0 min
U.S. Durable Goods Orders Unexpectedly Rebound In August
After reporting a sharp pullback by new orders for U.S. manufactured durable goods over the two previous months, the Commerce Department released a report on Thursday unexpectedly showing a significant rebound by durable goods orders in the month of August. The Commerce Department said durable goods orders shot up by 2.9 percent in August after tumbling by a revised 2.7 percent in July.
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Před 5 h 26 min
Starbucks To Close Coffeehouses, Cut 900 Jobs In $1 Bln Restructuring
As part of its "Back to Starbucks" strategy, Coffee giant Starbucks Corp. Thursday announced a $1 billion restructuring plan involving the closure of select coffeehouses and around 900 job cuts. In a filing with the U.S. Securities and Exchange Commission, the company said it estimates the $1 billion restructuring charges to be related to the store closures, support organization transformation,
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Před 5 h 35 min
U.S. Weekly Jobless Claims Unexpectedly Decrease To Two-Month Low
A report released by the Labor Department on Thursday unexpectedly showed an extended pullback by first-time claims for U.S. unemployment benefits in the week ended September 20th. The Labor Department said initial jobless claims fell to 218,000, a decrease of 14,000 from the previous week's revised level of 232,000. Economists had expected jobless claims to inch up to 235,000.
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Před 5 h 44 min
