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CAC 40 Gains As Bond Yields Fall Ahead Of US Inflation Data
(RTTNews) - French stocks traded higher on Wednesday and bond yields drifted lower ahead of U.S. inflation data due later in the day, expected to show moderation in price pressures. The benchmark CAC 40 was up 58 points, or 0.8 percent, at 7,277 after rallying 1.1 percent the previous day.
The euro regained further traction against the dollar amid rising bets the Federal Reserve is nearing the end of its tightening campaign.
Banks were mostly higher, with Credit Agricole and Societe Generale rising around 1 percent each.
Thales Group shares rose over 2 percent. The defense and technology group said that it started negotiations to acquire Cobham Aerospace Communications, a supplier of safety cockpit communication systems, for $1.1 billion.
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Swiss Market Turns Positive In Closing Minutes, Ends Slightly Up
The Switzerland market closed marginally up on Monday thanks to a few stocks finding some good support in the closing hour of the session.
The sentiment was weak for much of the day's session as Moody's downgraded the United States' sovereign credit rating.
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1g 36 minut temu
European Stocks Rise In Late Afternoon Trades, Close On Mixed Note
After languishing in negative territory for much of the day's trading session, European stocks closed mixed on Monday with several markets seeing some brisk buying at several key counters past mid afternoon.
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2g 5 minut temu
Ryanair FY25 Profit Down, But Stock Climbs On Revenue And Traffic Growth, Positive Outlook
Shares of Ryanair Holdings Plc. were gaining around 6 percent in the early morning trading on the Nasdaq after the Irish low-cost airline reported Monday higher revenues and traffic in fiscal 2025, despite delivery delays from aerospace major Boeing Co. The company marked as the first airline in European Union to carry 200 million guests in one year. Meanwhile, Ryanair recorded weak annual profit.
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4g 27 minut temu
U.S. Leading Economic Index Slumps More Than Expected In April
The Conference Board released a report on Monday showing its reading on leading U.S. economic indicators slumped by more than expected in the month of April. The report said the leading economic index tumbled by 1.0 percent in April after sliding by a downwardly revised 0.8 percent in March.
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4g 47 minut temu
Eurozone Growth Outlook Downgraded; Disinflation To Proceed More Swiftly: EU
Eurozone economic growth outlook was downgraded substantially for 2025 due to the impact of higher trade tariffs and elevated uncertainty and disinflation would proceed more swiftly than anticipated with headline inflation set to hit the 2 percent target by the middle of this year, the European Commission said Monday.
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5g 55 minut temu
Dollar Index Extends Gains On Trade Deal Optimism
Rising optimism surrounding trade deals between the U.S. and its trading partners, and in particular the significant easing in trade tensions between the U.S. and China bolstered the U.S. dollar during the week ended May 16.
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7g 20 minut temu
FTSE 100 Drifts Lower In Cautious Trade
U.K. stocks are down in negative territory, losing ground after making a good upmove in the previous week. Investors, awaiting the outcome of a UK - European Union summit in London, are largely making cautious moves.
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7g 56 minut temu
CAC 40 Moderately Lower; BNP Paribas Rises On Buyback Announcement
French stocks are down in negative territory on Monday, retreating from a one-month high recorded in the previous session, as investors make cautious moves amid some concerns about global growth following a downward revision in U.S. credit rating.
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8g 39 minut temu
