CAC 40 Struggles For Direction As Service Sector Contracts Again

RTTNews | 632 dni temu
CAC 40 Struggles For Direction As Service Sector Contracts Again

(RTTNews) - French stocks struggled for direction in early trade on Monday after Federal Reserve Chair Jerome Powell reiterated the central bank's stance to move carefully on rate cuts and a survey showed activity in France's services sector contracted for the eighth straight month in January.

The benchmark CAC 40 was marginally lower at 7,587 after finishing marginally higher on Friday.

Societe Generale rose slightly. The lender announced that the implementation of organizational changes would result in approximately 900 job cuts at its head office without forced departures.

Supermarket group Casino added 1.5 percent after confirming that it has received expressions of interest for its hypermarket and supermarket stores.

Automaker Renault jumped more than 3 percent on speculation over a potential combination with rival Stellantis.

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Swiss Market Ends On Weak Note

Swiss Market Ends On Weak Note

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RTTNews | 3g 4 minut temu
Fed Announces Widely Expected Decision To Cut Rates By Another Quarter Point

Fed Announces Widely Expected Decision To Cut Rates By Another Quarter Point

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RTTNews | 3g 31 minut temu
Major European Markets Close On Mixed Note Ahead Of Fed Rate Decision

Major European Markets Close On Mixed Note Ahead Of Fed Rate Decision

European stocks turned in a mixed performance on Wednesday with investors reacting to a slew of earnings announcements, and looking ahead to the monetary policy announcement from the Federal Reserve later in the day, and the upcoming meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping. Investors also looked ahead to the ECB's policy announcement due tomorrow.
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Canadian Market Drifts Lower After BoC Rate Decision; Energy, Materials Shares Rise

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The Canadian market is down in negative territory around noon on Wednesday, weighed down by losses in consumer, healthcare, industrials and real estate sectors. Investors are digesting the Bank of Canada's rate cut decision, and looking ahead to the Federal Reserve's interest rate announcement due later in the day.
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U.S. Pending Home Sales Unexpectedly Unchanged In September

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RTTNews | 7g 45 minut temu
Bank Of Canada Cuts Interest Rates By Another Quarter Point

Bank Of Canada Cuts Interest Rates By Another Quarter Point

The Bank of Canada on Wednesday announced its widely expected decision to lower interest rates once again, cutting rates by a quarter point for the second consecutive meeting. The Canadian central bank said it reduced its target for the overnight rate by 25 basis points to 2.25 percent, with the Bank Rate at 2.5 percent and the deposit rate at 2.20 percent.
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Bay Street Likely To Open Higher; BoC, Fed Rate Announcements Eyed

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Canadian stocks are likely to open on a positive note on Wednesday, tracking firm oil and metal prices. Expectations of interest rate cuts by the Bank of Canada and the Federal Reserve may also contribute to a steady open on Bay Street.
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FTSE 100 Advances As Miners, Pharma Stocks Rally

FTSE 100 Advances As Miners, Pharma Stocks Rally

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