CAC 40 Gains As Earnings Bring Cheer
(RTTNews) - French stocks rose notably on Thursday as investors cheered strong earnings updates and flash survey data from S&P Global showing that France's private sector activity contracted at a slower pace in February.
The composite output index rose to a nine-month high of 47.7 in February from 44.6 in January.
The benchmark CAC 40 was up 65 points, or 0.8 percent, at 7,877 after gaining 0.2 percent the previous day.
Energy company ENGIE jumped 2.5 percent after raising its 2024 financial guidance. Hotel group Accor soared 4.1 percent after annual core profit topped forecasts.
AXA climbed 3.2 percent. The insurer launched a share buyback after reporting higher FY23 underlying profit.
Yoghurt maker Danone added nearly 2 percent as it delivered 2023 sales growth at the top end of its forecast.
German Unemployment Exceeds 3 Mln
U.S. PCE Price Index Increased In Line With Estimates In July
Slightly Weak Start Seen For U.S. Stocks; PCE Data In Focus
Lower Futures Pointing To Weak Start On Bay Street; Canadian GDP, US PCE Data In Focus
Pound Slides Against Majors
FTSE 100 Weak Again, Looks Headed For Weekly Loss
Pound Falls Against Majors
