CAC 40 Gains On Hopes For Early Rate Cuts

RTTNews | 634 dni temu
CAC 40 Gains On Hopes For Early Rate Cuts

(RTTNews) - French stocks advanced on Friday after data showed U.S. retail sales declined more than expected, feeding hopes the Federal Reserve will soon start cutting interest rates.

Investors are also pinning hopes that the European Central Bank would not hold off for too long on its first rate cut this year.

"It's not a question of rushing into things; but acting gradually and pragmatically may be preferable to deciding too late and then having to over-adjust," ECB member and Bank of France head Francois Villeroy de Galhau told Belgian paper L'Echo.

The benchmark CAC 40 was up 44 points, or 0.6 percent, at 7,787 after climbing 0.9 percent the previous day.

Among the top gainers, BNP Paribas, Dassault Systemes, Eurofins Scientific, Hermes International, Kering, Legrand, STMicroelectronics, Societe Generale and Stellantis rose 1-2 percent.

Airbus Group shares were down more than 1 percent.

read more
China Loan Data On Tap For Wednesday

China Loan Data On Tap For Wednesday

China will on Wednesday release October figures for new loans and money stock, highlighting a light day for Asia-Pacific economic activity.
RTTNews | 1g 20 minut temu
European Markets Close On Firm Note

European Markets Close On Firm Note

European stocks closed on a positive note on Tuesday as the passage of a short-term funding bill late Monday raised the possibility of the longest government shutdown in U.S. history coming to an end soon.
RTTNews | 5g 54 minut temu
Bay Street May Open Higher Again

Bay Street May Open Higher Again

Canadian stocks may open higher on Tuesday, riding on firm commodity prices. The passage of a short-term funding bill late Monday to end the longest government shutdown in U.S. history, is likely to aid sentiment.
RTTNews | 10g 1 minut temu
UK Unemployment Rate Highest Since 2021

UK Unemployment Rate Highest Since 2021

The UK unemployment rate increased to the highest since early 2021 in the third quarter, raising chances of an interest rate cut, official data revealed on Tuesday. The ILO jobless rate rose to 5.0 percent in the third quarter from 4.8 percent in the three months to August, the Office for National Statistics said. The rate was above economists' forecast of 4.9 percent.
RTTNews | 10g 55 minut temu
FTSE 100 Rises On Rate Cut Hopes; Vodafone Group Moves Up Sharply

FTSE 100 Rises On Rate Cut Hopes; Vodafone Group Moves Up Sharply

U.K.'s FTSE 100 index has moved up sharply on Tuesday, amid hopes of a rate cut by the Bank of England next month after data showed an increase in the nation's unemployment rate in the third quarter. The passage of a short-term funding bill late Monday to end the longest government shutdown in U.S. history is also aiding sentiment.
RTTNews | 11g 12 minut temu
CAC 40 Up 0.6%; Hermes International, LVMH Among Top Gainers

CAC 40 Up 0.6%; Hermes International, LVMH Among Top Gainers

French stocks are up firmly in positive territory on Tuesday, extending gains from the previous session, following the passage of a short-term funding bill late Monday to end the longest government shutdown in U.S. history.
RTTNews | 11g 40 minut temu