CAC 40 Gains On Earnings Boost

RTTNews | 923 days ago
CAC 40 Gains On Earnings Boost

(RTTNews) - French stocks were sharply higher on Thursday as investors cheered strong earnings results and waited for U.S. inflation data due next week for additional clues on the U.S. rate outlook.

The benchmark CAC 40 was up 80 points, or 1.1 percent, at 7,199 after declining 0.2 percent on Wednesday.

Vinci jumped 2.2 percent. After posting strong financial results for fiscal year 2022, the construction and infrastructure company said it expects a further increase in turnover and operating profit in 2023.

Lender Credit Agricole soared 4.2 percent after reporting a higher-than-expected profit in the fourth quarter on lower provisions and a strong performance at its investment banking division.

Airbus gained half a percent after reports that it may appoint an interim CFO.

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Yen Rises Amid BoJ Rate Hike Speculation

Yen Rises Amid BoJ Rate Hike Speculation

The Japanese yen strengthened against other major currencies in the Asian session on Wednesday, as traders expect that the Bank of Japan (BoJ) may raise interest rates by the end of the year in accordance with its policy normalization path.
RTTNews | 30 minutes ago
UK Inflation Hits 18-Month High

UK Inflation Hits 18-Month High

UK consumer price inflation accelerated to an 18-month high in July on airfares and food prices, suggesting that the Bank of England is likely to delay further easing. The consumer price index posted an annual growth of 3.8 percent after rising 3.6 percent in June, the Office for National Statistics reported Wednesday.
RTTNews | 59 minutes ago
Australian Dollar Falls Amid RBA Rate Cut Speculation

Australian Dollar Falls Amid RBA Rate Cut Speculation

The Australian dollar weakened against other major currencies in the Asian session on Wednesday, as traders expect two or more rate cuts if inflation continues to decline as anticipated. Earlier this month, the Reserve Bank of Australia (RBA) lowered its cash rate to 3.60 percent from 3.85 percent, as widely expected.
RTTNews | 1h 48min ago
New Zealand Hints At More Interest Rate Cuts

New Zealand Hints At More Interest Rate Cuts

The Reserve Bank of New Zealand reduced its key interest rate by 25 basis points to a three-year low and hinted at further easing on Wednesday. The Monetary Policy Committee, governed by Christian Hawkesby, voted to lower the Official Cash Rate to 3 percent from 3.25 percent. The bank has reduced the rate by 250 basis points since August 2024.
RTTNews | 2h 3min ago
NZ Dollar Slides As RBNZ Cuts Rate By 25 Bps

NZ Dollar Slides As RBNZ Cuts Rate By 25 Bps

The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday, after the Reserve Bank of New Zealand decided to cut its key interest rate by 25 basis points and signaled further easing.
RTTNews | 3h 24min ago
European Economic News Preview: UK Inflation Data Due

European Economic News Preview: UK Inflation Data Due

Consumer prices from the UK and the euro area due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics publishes UK consumer prices for July. Inflation is seen rising to 3.7 percent in July from 3.6 percent in the previous month.
RTTNews | 3h 45min ago