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CAC 40 Little Changed Ahead Of ECB Meeting
(RTTNews) - French stocks held steady on Wednesday ahead of U.S. consumer inflation data due later in the day which could shed light on the size of a widely expected rate cut by the Federal Reserve at next week's policy meeting.
Focus was also on the European Central Bank (ECB), which is likely to reduce its own borrowing costs for the second time this year on Thursday.
The benchmark CAC 40 was marginally higher at 7,408 after declining 0.2 percent the previous day.
Drug maker Sanofi fell about 1 percent. The French company and its partner Regeneron have presented data from a phase 3 trial that could help push the megablockbuster across the finish line in the indication.
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OECD Warns Full Effects Of High U.S. Tariffs Yet To Be Felt
The Organisation for Economic Co-operation and Development said in a report on Tuesday that the full impact of the massive hike in trade tariffs announced by the U.S. is yet to be felt though early effects are becoming increasingly evident.
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1g 4 minut temu
TSX Retreats After Sailing Past 30k Mark For First Ever Time
Canadian benchmark S&P/TSX Composite Index breached the 30k mark for the first ever time, and moved on to a new high Tuesday morning before paring gains and slipping into negative territory, due largely to profit taking.
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3g 29 minut temu
Swiss Market Ends Marginally Down
The Switzerland market closed on a weak note on Tuesday after a choppy ride as stocks turned in a mixed performance.
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4g 2 minut temu
European Stocks Close Broadly Higher
European markets closed mostly higher on Tuesday with investors digesting the latest batch of regional economic data, and picking up stocks amid expectations of more monetary easing by the Federal Reserve.
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4g 22 minut temu
Powell Warns There's 'No Risk-Free Path' For Interest Rates
Following last week's decision to cut interest rates for the first time this year, Federal Reserve Chair Jerome Powell delivered remarks before the 2025 Greater Providence Chamber of Commerce Economic Outlook Luncheon in Warwick, Rhode Island, on Tuesday.
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4g 55 minut temu
Hungary Holds Rates Steady As Inflation Expected To Remain High
The Hungarian central bank left its interest rates unchanged again, on Tuesday, as policymakers assessed that tight monetary conditions were needed amid forecast that inflation is set to remain beyond the tolerance level in the coming months.
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5g 29 minut temu
Bay Street Likely To Post New Highs
Canadian shares are likely to open on a firm note Tuesday morning with higher oil and bullion prices set to trigger buying in energy and materials sectors.
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8g 56 minut temu
Wall Street Likely To Open Flat
Futures point to a somewhat flat start on Wall Street Tuesday morning. Data on manufacturing and services sector activity in the U.S. in the month of August, due after the opening bell, is likely to provide some direction to the market.
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9g 35 minut temu
