CAC 40 Climbs Ahead Of Fed, ECB Meetings

RTTNews | Pred 792 dňami
CAC 40 Climbs Ahead Of Fed, ECB Meetings

(RTTNews) - French stocks advanced on Monday as investors looked for cues from key central bank meetings due later in the week.

Traders await the Federal Reserve's monetary policy meeting scheduled from 13th June to 14th, with the U.S. central bank expected to pause its recent interest rate increases.

The Fed's accompanying statement as well as U.S. CPI data will be key as investors look for clues about the outlook for rates.

Closer home, analysts expect the European Central Bank to hike rates by 25 bps on Thursday.

The benchmark CAC 40 was up 58 points, or 0.8 percent, at 7,271 after closing 0.1 percent lower on Friday.

Banks climbed, with BNP Paribas and Societe Generale rising around 2 percent each.

Satellite company SES plunged 11 percent after an announcement that its CEO Steve Collar will step down at the end of June 2023 to pursue other professional and personal endeavors.

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UK Labor Market Cools In Q2

UK Labor Market Cools In Q2

The U.K. labor market softened in the second quarter as wage growth eased, the unemployment rate held steady at a four-year high and job vacancies continued to decline sharply, official data revealed on Tuesday. The ILO jobless rate held steady at 4.7 percent in the second quarter, figures from the Office for National Statistics revealed and was in line with expectations.
RTTNews | Pred 3 h 15 min
U.S. Consumer Prices Increase 0.2% In July, In Line With Estimates

U.S. Consumer Prices Increase 0.2% In July, In Line With Estimates

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to a report released by the Labor Department on Tuesday. The Labor Department said its consumer price index rose by 0.2 percent in July after climbing by 0.3 percent in June. The modest increase matched expectations.
RTTNews | Pred 3 h 27 min
Cardinal Health Lifts FY26 Outlook, But Stock Down As Q4 Revenues Miss Street; To Buy Solaris Health

Cardinal Health Lifts FY26 Outlook, But Stock Down As Q4 Revenues Miss Street; To Buy Solaris Health

Shares of Cardinal Health, Inc. were losing around 6% in the pre-market activity after the company's fourth-quarter top line missed the market view, even as profit beat the Street. In addition, the health care service provider raised its fiscal 2026 outlook, also above market estimates. Separately, Cardinal Health announced that its multi-specialty management services organization or MSO platform
RTTNews | Pred 3 h 51 min
German ZEW Economic Confidence Deteriorates On Trade Deal

German ZEW Economic Confidence Deteriorates On Trade Deal

Economic sentiment in Germany deteriorated sharply in August due to the disappointing trade agreement reached with the United States, and also due to the declining economic output in the second quarter, results of the monthly survey conducted by the think tank ZEW showed on Tuesday. The ZEW Indicator of Economic Sentiment plummeted to a three-month low of 34.7 in August.
RTTNews | Pred 4 h 45 min
Bay Street Likely To Open Flat Or Slightly Higher

Bay Street Likely To Open Flat Or Slightly Higher

The Canadian market is likely to open on a flat to slightly positive note Tuesday morning, amid easing trade concerns following the U.S. government extending its pause on higher tariffs for Chinese goods until November 10, averting an immediate escalation in the trade war.
RTTNews | Pred 4 h 48 min