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CAC 40 Rises Led By Banks
(RTTNews) - French stocks were slightly higher on Wednesday as investors awaited U.S. inflation data later in the day for clues on how aggressive the Federal Reserve will be in its expected interest rate hike in September.
After U.S. job growth rose much more than expected in July, traders are now pricing in a roughly 69 percent chance of the Fed raising rates by 75 basis points (bps) at its September FOMC meeting.
Closer home, the European Central Bank is expected to raise rates by 50 bps in September.
The benchmark CAC 40 rose 10 points, or 0.2 percent, to 6,500 after closing half a percent lower in the previous session.
Banks advanced, with BNP Paribas, Credit Agricole and Societe Generale all rising around 1 percent.
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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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35 minuter sedan
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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1h 18minuter sedan
German Unemployment Exceeds 3 Mln
Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
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1h 48minuter sedan
U.S. PCE Price Index Increased 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.
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2h 0minuter sedan
Slightly Weak Start Seen For U.S. Stocks; PCE Data In Focus
Lower U.S. futures point to a slightly negative start on Wall Street Friday morning.
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2h 16minuter sedan
Lower Futures Pointing To Weak Start On Bay Street; Canadian GDP, US PCE Data In Focus
Lower Canadian and U.S. futures ahead of Canadian GDP data and U.S. personal consumption expenditure report, point to a weak start on Bay Street Friday morning.
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2h 54minuter sedan
Pound Slides Against Majors
The British pound weakened against other major currencies in the European session on Friday, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.
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3h 1minuter sedan
FTSE 100 Weak Again, Looks Headed For Weekly Loss
U.K. stocks are trading lower on Friday, losing ground for a fourth straight session, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.
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3h 34minuter sedan
