CAC 40 Slides On Interest-rate Worries

RTTNews | Před 1275 dny
CAC 40 Slides On Interest-rate Worries

(RTTNews) - French stocks lost ground on Wednesday as inflation and interest-rate worries returned to haunt investors.

Risk-off sentiment prevailed ahead of speeches by a couple of European Central Bank policy-makers and U.S. Federal Reserve Chair Jerome Powell later in the day.

The benchmark CAC 40 dropped 116 points, or 2 percent, to 5,848 after gaining 0.8 percent on Tuesday.

Capgemini fell 1.3 percent while Orange advanced 0.8 percent. The companies confirmed that Bleu, their future joint venture that will provide trusted cloud ("Cloud de Confiance"2) services to address the needs of specific French organizations, is expected to start supporting clients in preparing for their migration by the end of 2022.

Banking group Crédit Agricole SA declined 1.6 percent after unveiling a new strategic roadmap. The lender said it targets one million extra retail banking customers by 2025 and a net profit of more than 6 billion euros ($6.30 billion.

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Philly Fed Index Unexpectedly Slumps Further Into Negative Territory In December

Philly Fed Index Unexpectedly Slumps Further Into Negative Territory In December

A report released by the Federal Reserve Bank of Philadelphia on Thursday unexpectedly showed a notable decrease by its reading on regional manufacturing activity in the month of December. The Philly Fed said its diffusion index for current general activity slumped to a negative 10.2 in December from a negative 1.7 in November, with a negative reading indicating contraction.
RTTNews | Před 1 h 23 min
U.S. Annual Consumer Price Growth Unexpectedly Slows In November

U.S. Annual Consumer Price Growth Unexpectedly Slows In November

The annual rate of growth by consumer prices has unexpectedly slowed, according to data released by the Labor Department on Thursday. The Labor Department said consumer prices in November were up by 2.7 percent compared to the same month a year ago. The year-over-year price growth in November reflects a notable slowdown from the 3.0 percent surge in September.
RTTNews | Před 1 h 59 min
U.S. Jobless Claims Decrease Roughly In Line With Estimates

U.S. Jobless Claims Decrease Roughly In Line With Estimates

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits declined roughly in line with economist estimates in the week ended December 13th. The Labor Department said initial jobless claims fell to 224,000, a decrease of 13,000 from the previous week's revised level of 237,000. Economists had expected jobless claims to slip to 225,000.
RTTNews | Před 2 h 8 min
U.S. Weekly Jobless Claims Decrease To 224,000

U.S. Weekly Jobless Claims Decrease To 224,000

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits declined roughly in line with economist estimates in the week ended December 13th.
RTTNews | Před 3 h 20 min
Accenture Q1 Results Beat Market, Cuts FY26 EPS View, Backs Adj. EPS Forecast; Stock Down

Accenture Q1 Results Beat Market, Cuts FY26 EPS View, Backs Adj. EPS Forecast; Stock Down

Professional services company Accenture plc (ACN) reported Thursday weak profit in its first quarter, while adjusted earnings and top line beat market estimates. Further, the firm issued second-quarter revenue view, and trimmed fiscal 2026 earnings view on a reported basis. However, the firm maintained annual forecast for adjusted earnings and revenue growth.
RTTNews | Před 4 h 4 min