CAC 40 Edges Higher After Italian Election Results

RTTNews | 1039 дней спустя
CAC 40 Edges Higher After Italian Election Results

(RTTNews) - French stocks edged higher on Monday, though a cautious undertone prevailed amid concerns about a possible recession.

Euro zone government bond yields hit fresh multi-year highs amid a fresh sell-off in British gilts after Chancellor of the Exchequer Kwasi Kwarteng announced the biggest package of unfunded tax cuts.

The spread between Italian and German yields widened after the rightist coalition won a clear majority in Sunday's general elections.

The benchmark CAC 40 was up 21 points, or 0.4 percent, at 5,804 after plummeting 2.3 percent on Friday.

Valneva SE shares jumped more than 4 percent. The vaccine maker focused on infectious diseases said it is in active discussions with a prospective partner for potentially funding the development of a potential second-generation COVID-19 vaccine. These ongoing talks may continue for several months and may not lead to an agreement, it said.

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U.S. Consumer Price Growth Matches Estimates In June

U.S. Consumer Price Growth Matches Estimates In June

A closely watched report released by the Commerce Department on Thursday showed consumer prices in the U.S. increased in line with economist estimates in the month of June. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.3 percent in June after inching up by an upwardly revised 0.2 percent in May.
RTTNews | 56 минут назад
German Unemployment Rises In July

German Unemployment Rises In July

Germany's unemployment increased less than expected in July but the overall number of people out of work remained close to the 3 million mark due to the prolonged period of economic slowdown, official data revealed on Thursday. The number of unemployed rose by less-than-expected 2,000 from June, the Federal Employment Agency said. For July, economists had forecast an increase of 15,000.
RTTNews | 1ч 39мин назад
U.S. Jobless Claims Inch Up Less Than Expected To 218,000

U.S. Jobless Claims Inch Up Less Than Expected To 218,000

First-time claims for U.S. unemployment benefits edged slightly higher in the week ended July 26th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims crept up to 218,000, an increase of 1,000 from the previous week's unrevised level of 217,000. Economists had expected jobless claims to rise to 224,000.
RTTNews | 1ч 47мин назад
Bay Street Looks Headed For Positive Start

Bay Street Looks Headed For Positive Start

Canadian shares look headed for a positive start Thursday morning, with investor sentiment getting a boost thanks to strong results from US tech majors Meta Platforms and Microsoft.
RTTNews | 2ч 34мин назад
Eurozone Jobless Rate Unchanged At 6.2%

Eurozone Jobless Rate Unchanged At 6.2%

The euro area unemployment rate remained stable in June despite slowing economic growth and challenging global trade situation, official data revealed on Thursday. The jobless rate came in at seasonally adjusted 6.2 percent, the same rate as seen in May and down from 6.4 percent in the same period last year, Eurostat said Thursday.
RTTNews | 3ч 24мин назад