CAC 40 Gains On Fed Rate Optimism

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CAC 40 Gains On Fed Rate Optimism

(RTTNews) - French stocks traded sharply higher on Thursday after comments from Fed Chair Jerome Powell suggested that the U.S. central bank is hitting pause again on its rate-hiking campaign.

After leaving interest rates unchanged at a two-decade high for the second straight policy meeting, the Federal Reserve on Wednesday indicated that policy will likely remain unchanged into 2024.

The benchmark CAC 40 was up 84 points, or 1.21 percent, at 7,016 after climbing 0.7 percent in the previous session.

Alstom jumped 3.3 percent after it secured an eight-year services contract extension worth around €950 million from CrossCountry in the United Kingdom.

Schneider Electric added 2.5 percent. The company focused on digital automation and energy management said that it has finalized the acquisition of EcoAct SAS, a climate consultation and net zero solutions provider.

Engineering & construction firm Technip Energies soared 4 percent after confirming its FY23 guidance.

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DAX Advances On Government's Relief Measures, ECB Rate Cut Hopes

DAX Advances On Government's Relief Measures, ECB Rate Cut Hopes

German stocks are up firmly in positive territory on Wednesday with investors reacting to the nation's cabinet approving a relief package to stimulate the economy and support companies. Investors are also expecting a 25-basis point rate cut from the European Central Bank on Thursday.
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Sensex, Nifty Snap Three-day Decline

Sensex, Nifty Snap Three-day Decline

Indian shares ended slightly higher on Wednesday after three straight sessions of losses due to heightened trade and geopolitical tensions.
RTTNews | 57 minuter sedan
CrowdStrike Shares Hit On Q1 Loss, Weak Q2 Adj. EPS View; Despite FY26 Outlook Raise, $1 Bln Buyback

CrowdStrike Shares Hit On Q1 Loss, Weak Q2 Adj. EPS View; Despite FY26 Outlook Raise, $1 Bln Buyback

Shares of CrowdStrike Holdings, Inc. declined around 7 percent in the after-hours trading on Tuesday after the cybersecurity technology company reported a loss in its first quarter, compared to prior year's profit, and guided second-quarter earnings below last year. However, first-quarter revenues climbed, and the firm lifted its fiscal 2026 earnings outlook, but maintained annual revenue view.
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Yen Falls Amid Risk-on Mood

Yen Falls Amid Risk-on Mood

The Japanese yen weakened against other major currencies in the Asian session on Wednesday, as Asian stock markets traded higher on optimism about amicable trade deals being reached between the U.S. and its trade partners over the weekend after the recent uncertainty. Major currencies in the region also strengthened against the US dollar.
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European Economic News Preview: Eurozone Final Composite PMI Due

European Economic News Preview: Eurozone Final Composite PMI Due

Composite Purchasing Managers' survey results from Eurozone and the UK are due on Wednesday, headlining a busy day for the European economic news. At 3.00 am ET, Spain's INE publishes Spain's industrial production data for April. At 3.15 am ET, S&P Global releases Spain's services Purchasing Managers' survey results.
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European Shares Seen Flat To Higher At Open

European Shares Seen Flat To Higher At Open

European stocks may open flat to slightly higher on Wednesday as investors watch the latest developments on the trade front and look ahead to key events this week, including Thursday's ECB meeting and the release of U.S. non-farm payrolls report o Friday.
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