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CAC 40 Struggles For Direction Ahead Of Key Data
(RTTNews) - French stocks were seeing modest gains on Monday as investors looked ahead to the release of U.S. European and Chinese PMIs, euro-zone inflation data and U.S. personal consumption numbers this week for additional clues on the growth and rate outlook.
The benchmark CAC 40 was marginally higher at 7,298 after declining 0.2 percent on Friday.
Valneva jumped more than 4 percent. The drug maker said the European Medicines Agency has accepted its application for chikungunya vaccine candidate VLA1553.
Likewise, Sanofi rose 1.3 percent after announcing positive results of Dupixent (dupilumab) Phase 3 trial in chronic obstructive pulmonary disease or COPD.
Among the prominent decliners, airports management firm ADP SA tumbled 3 percent.
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New Zealand Card Retail Sales Data Due On Thursday
New Zealand will on Thursday release May figures for electronic card retail sales, highlighting a light day for Asia-Pacific economic activity. In April, sales were flat on month and down 0.3 percent on year.
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1h 9min ago
U.S. Dollar Declines After Softer-than-expected Inflation Data
The U.S. dollar dropped against its major counterparts in the New York session on Wednesday, as the consumer price index came in softer than expected in May.
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3h 22min ago
Swiss Market Fails To Hold Early Gains, Settle Modestly Lower
The Switzerland market ended modestly lower on Wednesday despite spending much of the day's trading session in positive territory.
Although the market gained some ground in positive territory, reacting to news about U.S. and Chinese officials reaching a framework to implement the Geneva consensus following two days of discussions in London, the mood turned cautious later on in the session.
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5h 4min ago
European Stocks Pare Early Gains, Close Mostly Lower
Despite U.S. and Chinese officials announcing an agreement in principle on a framework to ease trade disputes, European stocks failed to hold early gains and closed mostly lower on Wednesday, with the mood turning cautious as the plan is subject to approval by the presidents of the two nations.
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5h 23min ago
TSX Hits Fresh Record High; Technology, Consumer Discretionary Stocks Shine
The Canadian market is modestly higher a little past noon on Wednesday, after hitting a fresh record high earlier in the session, amid easing Sino-US trade tensions, somewhat tame U.S. consumer price inflation data, and higher crude oil prices.
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6h 32min ago
ECB Indicator Shows Eurozone Wage Growth To Slow Sharply To 3.1% This Year
A measure, based on the collective bargaining agreements in the euro area, suggested that negotiated wage growth is set to ease significantly this year, the European Central Bank said on Wednesday, which adds to expectations of inflation staying near the 2 percent target.
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8h 20min ago
U.S. Consumer Prices Inch Up 0.1% In May, Slightly Less Than Expected
A closely watched report released by the Labor Department on Wednesday showed a slight increase by consumer prices in the U.S. in the month of May. The Labor Department said its consumer price index inched up by 0.1 percent in May after rising by 0.2 percent in April. Economists had expected another 0.2 percent increase.
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9h 31min ago
Bay Street Seen Opening On Mixed Note
It's likely to be a mixed start for Canadian shares on Wednesday with investors reacting to the crucial U.S. consumer price inflation data, and the developments on the trade front where U.S. and Chinese official reached a framework to implement the Geneva consensus following two days of discussions in London.
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10h 18min ago
