CAC 40 Sees Modest Gains Amid Efforts To Stem China Rout

RTTNews | 570 dias atrás
CAC 40 Sees Modest Gains Amid Efforts To Stem China Rout

(RTTNews) - French stocks traded slightly higher on Tuesday despite heightened tensions in the Middle East and lingering uncertainty over the Federal Reserve's ratee trajectory.

U.S. Treasury yields dipped from recent highs, helping underpin investor sentiment to some extent.

Investors also cheered efforts by Chinese policymakers and regulators to stem an equity rout.

China's Shanghai Composite index rallied 3.2 percent today and Hong Kong's Hang Seng index surged over 4 percent after a Chinese state investment fund said it would expand shareholdings in local stocks to aid sagging markets.

Closer home, the benchmark CAC 40 was up 29 points, or 0.4 percent, at 7,619 after finishing marginally lower the previous day.

Automaker Renault fell about 1 percent after Stellantis Chairman John Elkann denied the carmaker had merger plans.

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Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
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European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
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Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | 6 h 19 min atrás
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | 7 h 3 min atrás
German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
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