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CAC 40 Retreats On Fed Rate Hike Worries
(RTTNews) - French stocks declined on Thursday after the minutes of last month's Fed meeting, released overnight, quelled hopes of rate-hike cycle ending anytime soon.
The minutes showed that officials are laser-focused on controlling inflation despite mounting economic uncertainties.
The benchmark CAC 40 was down 40 points, or 0.6 percent, at 6,735 after rising 2.3 percent the previous day.
Technip Energies N.V. shares jumped 3.5 percent. The engineering and technology firm said that it has renewed a framework agreement contract for Project Management Consultancy by Kuwait Oil Company (KOC) for another five years.
The first five-year framework agreement was awarded to Technip Energies by KOC in 2014.
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Swiss Market Ends Weak
The Switzerland market ended on a weak note on Monday, weighed down by concerns about political instability in France. Optimism about an interest rate cut by the Federal Reserve helped limit market's downside.
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3g 30 minut temu
European Stocks Close Mostly Higher On Fed Rate Cut Hopes
European stocks closed higher on Monday, thanks to encouraging German economic data, and optimism about an interest rate cut by the Federal Reserve next week. Concerns about political uncertainty in France weighed and limited markets' upside.
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3g 53 minut temu
TSX Slips After Positive Start; Canada Goose Holdings Soars On Rating Upgrade
The Canadian market, which retreated after a slightly positive start Monday morning, remains in negative territory a little past noon, with stocks from communications, consumer staples and industrials sectors under selling pressure. Materials stocks are faring well, limiting market's downside.
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5g 1 minut temu
American Consumers' Inflation Expectations Rise, Job Finding Hopes Record Low - NY Fed Survey
U.S. consumers' inflation expectations for the one-year ahead ticked up in August, while their hopes of finding a job sank to a record low, results of a monthly survey by the Federal Reserve Bank of New York revealed on Monday.
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5g 50 minut temu
German Industrial Output Rebounds; Exports Fall
Germany's industrial output expanded for the first time in four months in July, while exports declined on weaker demand from the United States and China. Industrial production rose 1.3 percent month-on-month in July, data from Destatis showed Monday. The expansion reversed June's decrease of 0.1 percent, which was revised sharply from a 1.9 percent drop estimated initially.
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7g 54 minut temu
Dollar Closes Flat Despite A Jobs Data Led Tumble
The dollar finished trading on a flat note during the week ended September 5 despite whipsawing movements over the course of the week.
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9g 9 minut temu
Bay Street Likely To Open Higher On Firm Oil Prices, Rate Cut Hopes
Canadian stocks look headed for a positive start Monday morning, tracking positive cues from Asian and European markets, and higher crude oil prices.
Expectations of interest rate cuts from the Bank of Canada and the Federal Reserve next week may also aid sentiment.
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9g 23 minut temu
China Exports Growth Softens More Than Forecast
China's exports growth moderated more than expected in August as frontloading gains from the U.S. started to fade but demand from Europe and Asean countries picked up strongly. Exports grew 4.4 percent year-on-year in August, which was slower than the 7.2 percent rise in July, the customs office reported Monday. This was also weaker than forecast of 5.0 percent.
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9g 27 minut temu
