CAC 40 Extends Gains On Hopes Of Fed Easing

RTTNews | 1050 days ago
CAC 40 Extends Gains On Hopes Of Fed Easing

(RTTNews) - French stocks rose on Friday to extend gains from the previous session as softer-than-expected U.S. inflation data fueled hopes the Federal Reserve will ease up on its interest-rate increases in the coming months.

Sentiment was also underpinned after China cut quarantine restrictions for inbound travelers and flights.

Authorities also removed a penalty for airlines for bringing in too many cases. The loosening of curbs came, a day after President Xi Jinping led his new Politburo Standing Committee in a meeting on COVID.

The benchmark CAC 40 was up 71 points, or 1.1 percent, at 6,628 after surging 2 percent the previous day.

China-exposed luxury giants were moving higher, with Kering, Pernod Ricard and Hermes International climbing 2-3 percent.

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Canadian Market Modestly Higher; Materials Stocks Shine

Canadian Market Modestly Higher; Materials Stocks Shine

The Canadian market looks set to end on a positive note on Friday with the nation's GDP data and data showing U.S. consumer prices increased in line with expectations in the month of August help underpin sentiment.
RTTNews | 5h 35min ago
Swiss Market Settles On Firm Note

Swiss Market Settles On Firm Note

The Switzerland market closed on a firm note on Friday, in line with markets across Europe, as data showing U.S. consumer prices increased in line with estimates helped ease concerns about the outlook for rate cuts by the Federal Reserve. Investors largely shrugged off U.S. President Donald Trump's announcement of a fresh round of tariffs.
RTTNews | 6h 20min ago
European Markets Close On Firm Note On Renewed Hopes Of Fed Rate Cuts

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Despite U.S. President Donald Trump's announcement of fresh tariffs on several items imported into America, the major European markets closed on a firm note on Friday amid prospects of the Federal Reserve lowering interest rates after a closely watched data showed consumer prices in U.S. increased in line with estimates in the month of August.
RTTNews | 6h 38min ago
U.S. Consumer Sentiment Declines Slightly More Than Initially Estimated In September

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RTTNews | 9h 23min ago
U.S. Consumer Price Growth Matches Estimates In August

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RTTNews | 9h 46min ago
Sunbeam Products Recalls 1.3 Mln Oster French Door Countertop Ovens

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RTTNews | 10h 22min ago