CAC 40 Up Nearly 1.5%

RTTNews | 9 시간 24 분 전

(RTTNews) - Despite data showing an acceleration in the nation's consumer price inflation, and a deterioration in Eurozone economic sentiment, French stocks are notably higher on Friday thanks to easing trade tensions after the U.S. struck a deal with China to expedite rare earth shipments.

Beijing said Washington would lift "restrictive measures" while Beijing would "review and approve" items under export controls.

Easing concerns about Israel-Iran conflict too contribute to the positive mood in the market.

The benchmark CAC 40 was up 108.27 points or 1.43% at 7,665.58 a few minutes ago.

Schneider Electric is rising 6%. Legrand is gaining about 4.5% and Kering is up 2.5%, while Publicis Groupe is advancind 2.3%.

Saint Gobain, Societe Generale, Stellantis, L'Oreal, Dassault Systemes and LVMH are up 1.5 to 2%. Safran, Bureau Veritas, BNP Paribas, Capgemini, Hermes International, Pernod Ricard and Essilor are also up with strong gains.

Accor and Thales are down 1.3% and 1.2%, respectively. STMicroElectronics is lower by about 0.8% and Carrefour is down 0.5%.

France's inflation accelerated more than expected in June largely due to higher services costs but the overall rate remained below the 2% target, preliminary estimate from the statistical office INSEE showed.

Consumer prices increased 0.9% year-on-year in June, faster than the 0.7% rise in May. The rate was forecast to remain unchanged at 0.7%.

EU harmonized inflation stood at 0.8%, while it was expected to rise moderately to 0.7% from 0.6% in May. Final data is due on July 11.

Eurozone economic sentiment deteriorated unexpectedly in June, survey data from the European Commission showed.

The economic confidence index fell to 94.0 in June from 94.8 in May. The score was forecast to rise to 95.1.

The industrial confidence index posted -12.0 in June, down from -10.4 a month ago. The reading was seen at -9.9.

Likewise, the consumer confidence indicator dropped to -15.3, in line with the flash estimate, from -15.1 in May.

Swiss Market Ends On Buoyant Note

The Switzerland market closed on a firm note on Friday, in line with markets across Europe, as trade tensions eased following the U.S. and China reaching an agreement.

RTTNews | 3 시간 10 분 전

European Stocks Close Higher As Trade Tensions Ease

European stocks closed higher on Friday as trade tensions eased after United States struck a deal with China to expedite rate earth shipments. The deal marks a significant step towards resolving the ongoing trade war between the world's two largest economies.

RTTNews | 3 시간 33 분 전

U.S. Consumer Sentiment Improves Slightly More Than Previously Estimated In June

A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved by slightly more than previously estimated in the month of June. The University of Michigan said its consumer sentiment index for June was upwardly revised to 60.7 from a preliminary reading of 60.5.

RTTNews | 6 시간 54 분 전

U.S. Consumer Prices Inch Up In Line With Expectations But Core Price Growth Exceeds Estimates

While the Commerce Department released a closely watched report on Friday showing consumer prices in the U.S. crept up in line with expectations in the month of May, the report also showed core consumer prices rose by slightly more than expected. The report said the personal consumption expenditures (PCE) price index inched up by 0.1 percent in May, matching the uptick seen in April.

RTTNews | 7 시간 18 분 전

Eurozone Economic Sentiment Falls Unexpectedly

Eurozone economic sentiment weakened unexpectedly in June primarily driven by reduced confidence in industry and retail trade, a monthly survey data from the European Commission showed on Friday. The economic confidence index fell to 94.0 in June from 94.8 in May. The score was forecast to rise to 95.1. The industrial confidence index posted -12.0 in June, down from -10.4 a month ago.

RTTNews | 8 시간 24 분 전

Bay Street May Open On Positive Note

Canadian shares look headed for a higher start Friday morning, thanks to positive global cues amid easing trade tensions after the U.S. struck a deal with China to expedite rate earth shipments.

RTTNews | 8 시간 30 분 전

Coleman Co. Recalls 229K Converta Camping Cots, Stretchers

Atlanta, Georgia-based Coleman Co., Inc. is recalling about 228,760 units of Converta camping cots and Converta camping suspension stretchers citing laceration and amputation, according to the U.S. Consumer Product Safety Commission. The recall involves Coleman Converta camping cots with model numbers 2000003077 and 2000020282, and Coleman Converta camping suspension stretchers with model number

RTTNews | 8 시간 40 분 전

U.S. Consumer Prices Inch Up 0.1% In May, In Line With Estimates

The Commerce Department released a closely watched report on Friday showing consumer prices in the U.S. crept up in line with expectations in the month of May.

RTTNews | 8 시간 45 분 전

EURUSD	1.17033	GBPUSD	1.3699	AUDUSD	0.65196
USDJPY	144.679	USDCAD	1.37103	USDCHF	0.79971

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CAC 40 Up Nearly 1.5%