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CAC 40 Rallies After Softer Inflation Data

RTTNews | 677 दिनों पहले

CAC 40 Rallies After Softer Inflation Data

(RTTNews) - French stocks rallied on Friday after data showed French inflation unexpectedly slowed in September as a result of easing food prices.

Inflation in France stood at 4.9 percent in September, the same as in August, official data revealed.

However, the harmonized index, which is important for the European Central Bank, rose 5.6 percent from a year earlier, after a 5.7 percent in August.

Eurozone inflation data and the Fed's preferred inflation gauge are due for release later in the day.

The benchmark CAC 40 rose 62 points, or 0.9 percent, to 7,178 after rising 0.6 percent the previous day.

China-exposed luxury stocks traded higher, with LVMH, Kerin and Hermes International rallying 2-4 percent on expectations of increased sales during the Golden Week holiday in mainland China.

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Downturn In UK Construction Activity Deepens

Downturn In UK Construction Activity Deepens

The UK construction sector downturn deepened in July as volumes of work carried out across all sectors decreased markedly, survey results from S&P Global showed on Wednesday. The headline construction Purchasing Managers' Index fell to 44.3 in July from 48.8 in June. The score signaled the sharpest contraction since May 2020.

RTTNews | 24 मिनटों पहले

European Shares Edge Higher Despite Trump's Tariff Threats

European Shares Edge Higher Despite Trump's Tariff Threats

European stocks ticked higher on Wednesday despite weak factory orders data from Germany and fresh tariff threats from U.S. President Donald Trump on pharma and chips.

RTTNews | 31 मिनटों पहले

Asian Shares Mostly Higher Despite Weak Wall Street Cues

Asian Shares Mostly Higher Despite Weak Wall Street Cues

Asian stocks rose broadly on Wednesday as Fed rate cut hopes prevailed and U.S. President Donald Trump said the United States was close to a trade deal with China.

RTTNews | 1घंटे 0 मिनट पहले

Canadian Dollar Climbs Against Most Majors

Canadian Dollar Climbs Against Most Majors

The Canadian dollar strengthened against most major currencies in the Asian session on Wednesday.

RTTNews | 1घंटे 12 मिनट पहले

NZ Dollar Advances Against Most Majors

NZ Dollar Advances Against Most Majors

The New Zealand dollar strengthened against most major currencies in the Asian session on Wednesday.

RTTNews | 1घंटे 17 मिनट पहले

Australian Dollar Rises Against Majors

Australian Dollar Rises Against Majors

The Australian dollar strengthened against other major currencies in the Asian session on Wednesday.

RTTNews | 1घंटे 20 मिनट पहले

German Factory Orders Log Unexpected Fall

German Factory Orders Log Unexpected Fall

Germany's factory orders declined unexpectedly in June on a notable fall in demand from non-EU countries, figures from Destatis revealed on Wednesday. New orders fell 1.0 percent month-on-month in June, confounding expectations for an increase of 1.0 percent. The fall was also sharper than the 0.8 percent decrease posted in May. When large-scale orders are excluded, new orders were 0.5 percent.

RTTNews | 1घंटे 31 मिनट पहले

European Shares Seen Higher At Open

European Shares Seen Higher At Open

European stocks are seen opening broadly higher on Wednesday despite tariff worries, mixed earnings and signs of a weakening U.S. economy.

RTTNews | 3घंटे 50 मिनट पहले

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