CAC 40 Declines On US Rate Hike Worries

RTTNews | 726 วันที่ผ่านมา
CAC 40 Declines On US Rate Hike Worries

(RTTNews) - French stocks fell in cautious trade on Thursday ahead of policy announcements from a slew of central banks later in the day.

Meanwhile, French manufacturers' confidence improved in September after weakening in the previous month, underpinned by a positive development in short-term personal production expectations, monthly data from the statistical office INSEE revealed.

The manufacturing sentiment index rose to 99.0 in September from 97.0 in August.

The overall business confidence index, which comprises the responses of business leaders from sectors such as manufacturing, construction, services, retail trade, and wholesale trade, stayed stable for the fourth straight month at 100.0 in September.

The benchmark CAC 40 was down 68 points, or 0.9 percent, at 7,262 after rising 0.7 percent in the previous session.

The dollar hit a 6-1/2 month high and Eurozone bond yields reached multi-month highs after the U.S. Federal Reserve signaled policy would remain restrictive for longer to curb stubborn inflation.

In corporate news, retailer Casino Group tumbled 3.6 percent after presenting its updated 2024-2028 business plan.

Vaccine maker Valneva fell more than 2 percent after posting a half-year loss.

read more
U.S. Business Inventories Rise 0.2% In July, In Line With Estimates

U.S. Business Inventories Rise 0.2% In July, In Line With Estimates

The Commerce Department released a report on Tuesday showing business inventories in the U.S. increased in line with expectations in the month of July. The report said business inventories rose by 0.2 percent in July, matching the increase seen June as well as economist estimates.
RTTNews | 1 ชม. 1 นาทีที่ผ่านมา
U.S. Homebuilder Confidence Holds Steady In September

U.S. Homebuilder Confidence Holds Steady In September

Homebuilder confidence in the U.S. held steady in the month of September, according to a report released by the National Association of Home Builders on Tuesday. The report said the NAHB/Wells Fargo Housing Market Index came in at 32 in September, unchanged from August. Economists had expected the index to inch up to 33.
RTTNews | 1 ชม. 29 นาทีที่ผ่านมา
U.S. Industrial Production Unexpectedly Inches Slightly Higher In August

U.S. Industrial Production Unexpectedly Inches Slightly Higher In August

Industrial production in the U.S. unexpectedly edged slightly higher in the month of August, according to a report released by the Federal Reserve on Tuesday. The Fed said industrial production crept up by 0.1 percent in August after falling by a downwardly revised 0.4 percent in July. Economists had expected industrial production to slip by 0.1 percent.
RTTNews | 1 ชม. 46 นาทีที่ผ่านมา
U.S. Import Prices Unexpectedly Increase In August

U.S. Import Prices Unexpectedly Increase In August

A report released by the Labor Department on Tuesday showed import prices in the U.S. unexpectedly increased in the month of August. The Labor Department said import prices rose by 0.3 percent in August after inching up by a downwardly revised 0.2 percent in July. Economists had expected import prices to edge down by 0.1 percent.
RTTNews | 2 ชม. 3 นาทีที่ผ่านมา
Canadian Market Drifts Lower In Cautious Trade

Canadian Market Drifts Lower In Cautious Trade

The Canadian market is down in negative territory Tuesday morning, as data showing an increase in the nation's consumer price inflation dimmed the extent of rate cuts this year although the Canadian central bank is widely expected to lower interest rate by 25 basis points on Wednesday.
RTTNews | 2 ชม. 29 นาทีที่ผ่านมา
U.S. Retail Sales Climb 0.6% In August, Much More Than Expected

U.S. Retail Sales Climb 0.6% In August, Much More Than Expected

The Commerce Department released a report on Tuesday showing retail sales in the U.S. rose by much more than expected in the month of August. The report said retail sales climbed by 0.6 percent in August, matching an upwardly revised increase in July. Economists had expected retail sales to inch up by 0.2 percent compared to the 0.5 percent growth originally reported for the previous month.
RTTNews | 3 ชม. 29 นาทีที่ผ่านมา
Eurozone Industrial Production Recovers In July

Eurozone Industrial Production Recovers In July

Eurozone industrial production recovered at a moderate pace in July due to the rebound in consumer and capital goods output despite tariff threats, official data showed Tuesday. Industrial production registered a monthly growth of 0.3 percent, in contrast to the 0.6 percent decrease in June, Eurostat reported. However, the rate was slightly weaker than the forecast of 0.4 percent.
RTTNews | 5 ชม. 22 นาทีที่ผ่านมา