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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U.S. Consumer Confidence Unexpectedly Rebounds In May
Consumer confidence in the U.S. unexpectedly saw a significant improvement in the month of May, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index jumped to 102.0 in May from an upwardly revised 97.5 in April. The rebound surprised economists, who had expected the consumer confidence index to decrease to 95.3.
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Pred 4 h 3 min
Dollar Firmed Up Last Week Amidst Hawkish Fed Minutes
The uncertain monetary policy outlook triggered by the mixed comments in the FOMC Minutes helped the U.S. dollar remain firm during the week spanning May 20 to 24.
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Pred 4 h 44 min
Vera Therapeutics Says FDA Grants Breakthrough Therapy Designation For Atacicept To Treat IgAN
Biotechnology company Vera Therapeutics, Inc. (VERA) announced Tuesday that the U.S. Food and Drug Administration (FDA) has granted Breakthrough Therapy Designation to atacicept for the treatment of Immunoglobulin A Nephropathy or IgAN.
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Pred 5 h 59 min
Johnson & Johnson To Acquire Rights To Numab Therapeutics' Clinical-Stage Bispecific Antibody NM26
Johnson & Johnson (JNJ) announced Tuesday it has entered into a definitive agreement with biotechnology company Numab Therapeutics to acquire its wholly-owned subsidiary from Numab's shareholders in an all-cash transaction of approximately $1.25 billion.
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Pred 6 h 11 min
Bay Street May Open Higher; Earnings, Inflation Data In Focus
Canadian shares may open higher Tuesday morning as resources stocks are likely to find support thanks to rising commodity prices. The focus will be earnings, and key economic data from Canada and the U.S.
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Pred 6 h 12 min
TransDigm Group To Acquire Raptor Labs Holdco In About $655 Mln All-cash Deal
TransDigm Group Inc. (TDG) announced Tuesday it has entered into a definitive agreement to acquire Raptor Labs Holdco, LLC, a portfolio company of L Squared Capital Partners, for approximately $655 million in cash, including certain tax benefits.
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Pred 6 h 47 min
Stevanato Group Appoints Franco Stevanato To Succeed Franco Moro As CEO
Stevanato Group S.p.A. (STVN), a drug containment, drug delivery and diagnostic solutions provider, announced Tuesday that its Board of Directors has appointed Franco Stevanato, a current director and the Executive Chairman of the Company, as its new Chief Executive Officer.
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Pred 6 h 53 min
Waystar Holding Launches IPO For 45 Million Common Stock
Waystar Holding Corp. announced Tuesday the launch of its initial public offering of 45 million shares of its common stock pursuant to a registration statement filed with the Securities and Exchange Commission (SEC).
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Pred 7 h 13 min
