CAC 40 Rallies As Industrial Output Rebounds
(RTTNews) - French stocks were trading higher on Friday after official data showed France's industrial production rebounded in April, led by a sharp recovery in petroleum output.
Industrial output logged a monthly growth of 0.8 percent, reversing the 1.1 percent decrease in March. Production was expected to climb 0.3 percent.
The passing of the U.S. debt ceiling bill and optimism that the U.S. Federal Reserve will pause interest-rate hikes in June also buoyed investor sentiment.
The benchmark CAC 40 was up 64 points, or 0.9 percent, at 7,199 after gaining 0.6 percent the previous day.
The dollar extended slide while Treasury yields held steady ahead of the all-important U.S. jobs data due later in the day.
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Swiss Market Ends On Firm Note After SNB Lowers Interest Rate
The Switzerland market ended on a firm note on Thursday, after the Swiss National Bank lowered its key policy rate by 25 basis points for the second consecutive meeting, citing easing underlying inflationary pressures.
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4 h 40 min atrás
European Stocks Close On Strong Note After BoE, SNB Policy Announcements
European stocks closed higher on Thursday with investors reacting positively to monetary policy announcements from the Bank of England and the Swiss National Bank.
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5 h 0 min atrás
U.S. Dollar Climbs As Jobless Claims Drop
The U.S. dollar was higher against its major counterparts in the New York session on Thursday, as initial jobless claims declined in the week ended June 15.
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5 h 26 min atrás
Eurozone Consumer Confidence Improves For Fifth Month
Pessimism among euro area consumers lessened for a fifth month in a row in June and their confidence was the highest in over two years as the European Central Bank cut interest rates for the first time in five years.
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7 h 49 min atrás
Philly Fed Index Unexpectedly Indicates Slower Growth In June
The Federal Reserve Bank of Philadelphia released a report on Thursday showing an unexpected slowdown in the pace of growth by regional manufacturing activity in the month of June. The Philly Fed said its diffusion index for current general activity fell to 1.3 in June from 4.5 in May, although a positive reading still indicates growth. Economists had expected the index to inch up to 5.0.
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8 h 24 min atrás
U.S. Housing Starts Unexpectedly Tumble To Nearly Four-Year Low In May
A report released by the Commerce Department on Thursday unexpectedly showed a steep drop in new residential construction in the U.S. in the month of May. The Commerce Department said housing starts plunged by 5.5 percent to an annual rate of 1.277 million in May after surging by 4.1 percent to a revised rate of 1.352 million in April.
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8 h 37 min atrás
U.S. Weekly Jobless Claims Pull Back Slightly Less Than Expected
First-time claims for U.S. unemployment benefits saw a modest pullback in the week ended June 15th, according to a report released by the Labor Department on Thursday. The Labor Department said initial jobless claims dipped to 238,000, a decrease of 5,000 from the previous week's revised level of 243,000. Economists had expected jobless claims to fall to 235,000.
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8 h 47 min atrás
Bank Of England Holds Rate At 16-Year High Despite Slowing Inflation
The Bank of England retained its key policy rate on Thursday at a 16-year high despite inflation easing to the 2 percent target as policymakers are still concerned about services inflation and wage growth. The Monetary Policy Committee, led by Governor Andrew Bailey, decided to hold the bank rate at 5.25 percent again in a split vote. The current bank rate is the highest since early 2008.
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9 h 16 min atrás
