CAC 40 Edges Higher As Focus Shifts To US Bank Earnings

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CAC 40 Edges Higher As Focus Shifts To US Bank Earnings

(RTTNews) - French stocks advanced on Friday as investors monitored the outlook for inflation and monetary policy.

The dollar edged lower in European trade as soft inflation data boosted expectations of a slower rate-hiking path from the Federal Reserve.

China's exports and imports both plunged last month, official data showed earlier today but the declines were less than expected.

The British economy unexpectedly grew in November, helped by a boost from the World Cup, separate data showed.

German GDP data and earnings from earnings from big U.S. banks may sway sentiment as the day progresses.

The benchmark CAC 40 was up 35 points, or half a percent, at 7,011 after closing 0.7 percent higher on Thursday.

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Sensex, Nifty End Off Day's Highs

Sensex, Nifty End Off Day's Highs

Indian shares ended Thursday's session on a positive note as global bond market worries subsided, oil extended steep overnight losses on oversupply concerns, and weak U.S. labor market data reinforced bets on a Federal Reserve interest-rate cut.
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Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Thursday.
RTTNews | 1h 3minuter sedan
DAX Up 0.32% Despite Coming Off Day's High

DAX Up 0.32% Despite Coming Off Day's High

The German market is up firmly in positive territory on Thursday, extending gains from the previous session, amid expectations the Federal Reserve will announce an interest rate cut after its monetary policy meeting next week.
RTTNews | 1h 19minuter sedan
Eurozone Retail Sales Fall More Than Forecast

Eurozone Retail Sales Fall More Than Forecast

Eurozone retail sales declined more than expected in July largely reflecting a notable fall in food and auto fuel sales, official data showed Thursday. Retail sales posted a monthly fall of 0.5 percent, in contrast to the 0.6 percent increase in June, Eurostat reported. Sales were expected to fall 0.3 percent.
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UK Construction Sector Continues To Shrink

UK Construction Sector Continues To Shrink

The UK construction sector contracted for the eighth consecutive month in August due to marked reductions in the housing and civil engineering works, survey data published by S&P Global showed on Thursday. The construction Purchasing Managers' Index posted 45.5 in August, up from 44.3 in July. However, the score remained well below the 50.0 mark indicating sharp fall in construction output.
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European Shares Mostly Higher Before Debt Sales

European Shares Mostly Higher Before Debt Sales

European stocks were mostly higher on Thursday as bond market worries subsided, and investors awaited Eurozone retail sales data as well as debt auctions in France and the United Kingdom for direction.
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Asian Shares Mostly Higher; China And Hong Kong Markets Buck Trend

Asian Shares Mostly Higher; China And Hong Kong Markets Buck Trend

Asian stocks rose broadly on Thursday, even as Chinese and Hong Kong markets ended sharply lower following reports that China's financial regulators are considering a number of cooling measures for the stock market, including lifting certain short selling restrictions, increasing checks on speculative trades, and discouraging heavy retail participation.
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German Construction Sector Downturn Deepens

German Construction Sector Downturn Deepens

Germany's construction sector shrank further in August largely due to the steep fall in new orders, survey results from S&P Global showed on Thursday. The HCOB construction Purchasing Managers' Index fell to 46.0 in August from July's 29-month high of 46.3.
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