CAC 40 Edges Higher With Service PMI In Focus

RTTNews | 674 dagar sedan
Stocktwits
CAC 40 Edges Higher With Service PMI In Focus

(RTTNews) - French stocks were marginally higher on Wednesday after a survey showed services sector activity in the country shrank less than initially thought in September.

The HCOB final purchasing managers index (PMI) for the services sector, compiled by S&P Global, dropped to 44.4 points, marking the lowest level in almost three years. However, that was above September's initial "flash" reading of 43.9 points.

The benchmark CAC 40 was up 9 points, or 0.1 percent, at 7,006 after falling 1 percent the previous day.

Drug major Sanofi S.A. rose about 1 percent after it announced a collaboration with Teva Pharmaceuticals, a U.S. subsidiary of Teva Pharmaceutical Industries Ltd., to co-develop and co-commercialize asset TEV '574, an inflammatory bowel disease treatment.

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