CAC 40 Edges Up As Bond Yields Slip Ahead Of Central Bank Meetings

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CAC 40 Edges Up As Bond Yields Slip Ahead Of Central Bank Meetings

(RTTNews) - French stocks were a tad higher on Friday as Treasury yields dipped ahead of central bank meetings in the U.S., Europe and Japan next week.

The euro traded close to weekly lows against the dollar while bond yields eased somewhat after spiking in the previous session after the release of U.S. weekly jobless claims data.

The benchmark CAC 40 was up 14 points, or 0.2 percent, at 7,398 after climbing 0.8 percent on Thursday.

Technology firm Thales Group shares slumped 4.4 percent after tech stocks succumbed to heavy sell-off on Wall Street overnight.

The company upgraded its full-year revenue forecast after reporting first-half sales and earnings ahead of analysts' expectations.

Sartorius Stedim Biotech rallied 3.3 percent. The biopharmaceutical solutions provider confirmed its fiscal 2023 forecast despite uncertainties that remain high due to global political and economic situation.

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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.
RTTNews | 1 dag sedan
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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