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CAC 40 Gives Up Early Gains Ahead Of Key Data
(RTTNews) - French stocks gave up early gains to trade on a flat note Thursday as investors awaited more economic data to gauge the potential impact of rising interest rates on growth.
Euro zone construction activity for September, retail sales data for August, and minutes of the European Central Bank's September meeting — all are due later in the session.
Across the Atlantic, investors await the weekly jobless claims report later today and the more closely watched nonfarm payrolls report due on Friday for additional clues on the pace and path of U.S. rate hikes.
The benchmark CAC 40 was marginally higher at 5,989 after declining 0.9 percent the previous day.
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French stocks are down in negative territory on Monday, retreating from a one-month high recorded in the previous session, as investors make cautious moves amid some concerns about global growth following a downward revision in U.S. credit rating.
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Asian stocks ended lower on Monday as Moody's downgrade of the U.S. credit rating reinforced Wall Street's growing worries over the U.S. sovereign bond market.
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China Industrial Output Growth Tops Expectations; Retail Sales Disappoint
China's industrial production increased more than expected in April despite trade tariff hikes and the unemployment rate dropped marginally but growth in retail sales fell short of expectations signalling weaker domestic demand, official data revealed on Monday. Industrial output logged an annual growth of 6.1 percent in April after rising 7.7 percent in March.
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5घंटे 10 मिनट पहले
