CAC 40 Marginally Higher Ahead Of Growth Data

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CAC 40 Marginally Higher Ahead Of Growth Data

(RTTNews) - French stocks edged up slightly on Thursday ahead of Eurozone growth data due later in the day.

Earnings offered some comfort as bond yields surged amid inflation concerns under Trump's presidency.

European government bond yields increased, mirroring U.S. Treasuries, on expectations that Trump's proposed policies and tariffs may result in increased U.S. deficit.

The benchmark CAC 40 was up 8 points, or 0.1 percent, at 7,225 after declining 0.1 percent the previous day.

Alstom rose about 2 percent. The train maker beat expectations for its half-year cash position, helped by increased volumes and cost saving initiatives.

SCOR SE jumped 6.6 percent. The reinsurer reported a group net loss in Q3 2024, but its P&C segment saw a very strong performance, with a combined ratio of 88.3 percent.

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U.S. Construction Spending Unexpectedly Sees Further Downside In June

U.S. Construction Spending Unexpectedly Sees Further Downside In June

The Commerce Department released a report on Friday unexpectedly showing a continued decrease by U.S. construction spending in the month of June. The report said construction spending fell by 0.4 percent to an annual rate of $2.136 trillion in June after sliding by 0.5 percent to a revised rate of $2.144 trillion in May.
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U.S. Consumer Sentiment Improves Marginally Less Than Previously Estimated In July

U.S. Consumer Sentiment Improves Marginally Less Than Previously Estimated In July

Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved marginally less than previously estimated in the month of July. The University of Michigan said its consumer sentiment index for July was downwardly revised to 61.7 from a preliminary reading of 61.8. Economists had expected the index to be upwardly revised to 62.0.
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U.S. Manufacturing Index Unexpectedly Dips To Nine-Month Low In July

U.S. Manufacturing Index Unexpectedly Dips To Nine-Month Low In July

Manufacturing activity in the U.S. unexpectedly contracted at a slightly faster rate in the month of July, according to a report released by the Institute for Supply Management on Friday. The ISM said its manufacturing PMI edged down to 48.0 in July after inching up to 49.0 in June with a reading below 50 indicating contraction.
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Eurozone Inflation Steady At 2% ECB Target

Eurozone Inflation Steady At 2% ECB Target

Euro area consumer price inflation was unchanged at the European Central Bank's 2 percent target in July, easing the pressure for more easing. The harmonized index of consumer prices increased 2.0 percent year-on-year in July, the same rate of increase as seen in June. Inflation was forecast to ease marginally to 1.9 percent.
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