CAC 40 Edges Higher On Upbeat China Data

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CAC 40 Edges Higher On Upbeat China Data

(RTTNews) - French stocks advanced on Wednesday as improved readings on China's manufacturing and non-manufacturing in February reflected the solid momentum of post reopening recovery.

The benchmark CAC 40 was up 16 points, or 0.2 percent, at 7,285 after declining 0.4 percent in the previous session.

Euronext N.V. shares soared more than 5 percent. The pan-European market infrastructure group said it has withdrawn its indicative offer for Allfunds Group PLC to buy its 100 percent share capital.

Luxury firms LVMH and Kering rose about 2 percent each on hopes that China's recovery can offset a global slowdown.

BNP Paribas slumped 4 percent after reports that Belgium was preparing the sale of a third of its 7.8 percent equity stake in the French bank.

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German Inflation Accelerates To 2.2% In August

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
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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.
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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.
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