CAC 40 Gains As Focus Turns To Powell's Speech

RTTNews | 715 일 전
CAC 40 Gains As Focus Turns To Powell's Speech

(RTTNews) - French stocks traded higher on Thursday after softer-than-economic data from the U.S. and Europe increased the chances that big central banks would soon stop raising interest rates.

A pause in ECB rate hikes this September seems more likely, a day after data showed Eurozone business activity declined far more than expected in August.

The Jackson Hole event lined up this week is being anxiously awaited by investors for clues on U.S. interest rates.

The benchmark CAC 40 was up 50 points, or 0.7 percent, at 7,296 after finishing marginally higher the previous day.

In corporate news, energy provider Engie was little changed after it signed a binding agreement to acquire Broad Reach Power, a company specialized in battery storage and based in Houston, from private equity funds EnCap and Apollo.

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Swiss Market Ends Marginally Up

Swiss Market Ends Marginally Up

The Switzerland market ended marginally up on Friday despite exhibiting weakness for much of the time past noon. Investors continued to react to earnings and assess the economic impact of reciprocal tariffs, and stayed largely cautious with their moves. A report showing a drop in Swiss consumer confidence in the month of July hurt sentiment.
RTTNews | 9 시간 20 분 전
Major European Markets Close On Mixed Note

Major European Markets Close On Mixed Note

Major European markets turned in a mixed performance on Friday with investors largely staying cautious, assessing the impact of tariffs on global economic growth, and continuing to digest corporate earnings announcements and other data.
RTTNews | 9 시간 44 분 전
Positive Start Seen For Canadian Stocks

Positive Start Seen For Canadian Stocks

Canadian stocks may edge up a bit in early trades Friday morning with some encouraging earnings announcements and firm commodity prices aiding sentiment. Investors will also be reacting to the data showing a 41,000 jobs drop in Canadian employment in the month of July. Data from Statistics Canada also showed that the unemployment rate in Canada came in unchanged at 6.9%.
RTTNews | 14 시간 17 분 전
UK Market Roughly Flat; Mining Stocks Move Higher

UK Market Roughly Flat; Mining Stocks Move Higher

Amid a lack of economic and earnings data, U.K. stocks are moving in a tight range in somewhat lackluster trade on Friday. Investors are assessing the potential impact of the Trump administration's reciprocal tariffs on global economic growth. Optimism about a rate cut by the Fed next month is aiding sentiment a bit.
RTTNews | 16 시간 10 분 전
CAC 40 Climbs Higher For 3rd Straight Day

CAC 40 Climbs Higher For 3rd Straight Day

French stocks are modestly higher on Friday, extending gains to a third straight session, with mostly encouraging corporate earnings announcements aiding sentiment. Concerns about the potential impact of Trump's reciprocal tariffs limit market's upside a bit.
RTTNews | 16 시간 29 분 전