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CAC 40 Gains As Investors Wait For Fed Speeches
(RTTNews) - French stocks advanced on Friday as Treasury yields held steady after declining Thursday on the back of soft U.S. economic data.
The U.S. economic calendar is relatively quiet today, with a report on new residential construction along with remarks by several Fed officials likely to garner investor attention.
Closer home, Eurostat releases euro area final HICP data for October.
Inflation is forecast to ease to 2.9 percent, as initially estimated, from 4.3 percent in September.
The benchmark CAC 40 climbed 53 points, or 0.7 percent, to 7,223 after declining 0.6 percent in the previous session.
China-related LVMH and Kering rose 1 percent and 1.6 percent, respectively helped by the apparent easing of tensions between the United States and China.
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TSX Pares Some Gains After Posting New Record High
The Canadian benchmark index S&P/TSX Composite climbed to a new record high on Wednesday, supported by gains in technology, healthcare and mining stocks.
The mood in the market remains positive despite another contraction in Canadian manufacturing activity, and a partial US government shutdown that is threatening to delay the crucial jobs data this week.
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1s 18 dakika önce
Swiss Market Ends On Upbeat Note
The Switzerland market closed on an upbeat note on Wednesday, as pharma majors Roche and Novartis rallied sharply amid easing tariff concerns after Pfizer struck a deal with the Trump administration to allow patients to purchase discounter prescription drugs through a new federal website.
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1s 50 dakika önce
European Markets Close On Buoyant Note
Despite the U.S. federal government officially shutting down after the Senate failed to reach an agreement on a last-minute spending bill, European stocks closed on a strong note on Wednesday, led by gains in the healthcare sector.
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2s 6 dakika önce
U.S. Manufacturing Index Inches Higher In September But Still Indicates Contraction
A report released by the Institute for Supply Management on Wednesday showed its reading on U.S. manufacturing activity crept slightly higher in September but continued to indicate contraction. The ISM said its manufacturing PMI edged up to 49.1 in September from 48.7 in August, although a reading below 50 still indicates contraction. Economists had expected the index to inch up to 49.0.
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4s 59 dakika önce
Elon Musk's XAI Is Working On Wikipedia Rival Grokipedia
Billionaire Elon Musk announced that his artificial intelligence startup X.AI Corp., doing business as xAI, is creating Grokipedia, an AI-driven alternative to Wikipedia, powered by the company's Grok AI chatbot.
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5s 29 dakika önce
U.S. Private Sector Unexpectedly Cuts 32,000 Jobs In September
Private sector employment in the U.S. unexpectedly decreased in the month of September, according to a report released by payroll processor ADP on Wednesday. ADP said private sector employment fell by 32,000 jobs in September after dipping by a revised 3,000 jobs in August. Economists had expected private sector employment to climb by 50,000 jobs.
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6s 3 dakika önce
Bay Street May Open With Slightly Negative Bias
Canadian shares may open with a negative bias on Wednesday as the crucial U.S. jobs data due this week is likely to be delayed due to a partial U.S. government shutdown.
Higher metal prices could trigger some strong buying in the materials sector and help limit market's downside.
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6s 47 dakika önce
Eurozone Inflation Accelerates In September
Eurozone inflation accelerated in September as the decline in energy prices slowed amid rising services inflation, reinforcing the expectations that interest rates are set to remain unchanged in the near term. Inflation rose to 2.2 percent in September, in line with forecast, from 2.0 percent in August, flash estimate from Eurostat showed on Wednesday. A similar higher rate was last seen in April
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6s 59 dakika önce
