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CAC 40 Gives Up Early Gains On Weak Data
(RTTNews) - French stocks were little changed on Thursday after data showed French industrial production fell in August from the previous month.
Retail sales also came in weak, pointing to a weakening of the economy in the third quarter.
The benchmark CAC 40 was marginally higher at 6,997, giving up earlier gains after a bond selloff eased.
Thales Group shares fell over 1 percent. The defense equipment maker has signed a contract with Polska Grupa Zbrojeniowa, a Polish arms holding company, to deliver multiple combat systems for the Polish Navy.
Alstom shares plunged 35 percent after the train manufacturer slashed its free cash flow target due to a ramp-up in production and delays in some orders.
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CAC 40 Up Nearly 1%
French stocks gaining some ground in positive territory on Friday, continuing their upmove for the fourth consecutive session and expectations the meeting between U.S. President Donald Trump and Russian President Vladimir Putin will help bring about an end to the ongoing war in Ukraine.
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DAX Up Nearly 0.5%, Hits 5-week High
German stocks are up in positive territory on Friday, rising for the third consecutive session, and the benchmark DAX has hit a more than 5-week high, as some strong earnings updates and hopes about a positive outcome from U.S. President Donald Trump and Russian President Vladimir Putin's meeting help underpin sentiment.
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European Shares Extend Gains With Focus On Putin-Trump Talks
European stocks held near five-month highs on Friday amid hopes the Trump-Putin summit in Alaska might help end the war in Ukraine.
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Asian Shares Mostly Higher With Ukraine Talks In Focus
Asian stocks ended mostly higher on Friday as investors reacted to mixed economic data from China and Japan, and awaited the outcome of the Alaska summit between U.S. and Russian Presidents.
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China Economic Data Disappoints
China's industrial production, retail sales and fixed asset investment registered weaker-than-expected growth in July, strengthening calls for further policy support to rebalance the economy towards consumption. Industrial production grew 5.7 percent in July from a year ago, following June's 6.8 percent increase, the National Bureau of Statistics reported Friday.
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Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Friday.
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NZ Dollar Falls On Soft China Data
The New Zealand dollar weakened against other major currencies in the Asian session on Friday, after China's industrial production and retail sales logged slower growth in July.
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NZ Dollar Falls Against Majors
The New Zealand dollar weakened against other major currencies in the Asian session on Friday.
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