CAC 40 Gains As Focus Turns To Powell's Speech

RTTNews | 721 gün önce
CAC 40 Gains As Focus Turns To Powell's Speech

(RTTNews) - French stocks traded higher on Thursday after softer-than-economic data from the U.S. and Europe increased the chances that big central banks would soon stop raising interest rates.

A pause in ECB rate hikes this September seems more likely, a day after data showed Eurozone business activity declined far more than expected in August.

The Jackson Hole event lined up this week is being anxiously awaited by investors for clues on U.S. interest rates.

The benchmark CAC 40 was up 50 points, or 0.7 percent, at 7,296 after finishing marginally higher the previous day.

In corporate news, energy provider Engie was little changed after it signed a binding agreement to acquire Broad Reach Power, a company specialized in battery storage and based in Houston, from private equity funds EnCap and Apollo.

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U.S. Producer Price Growth Far Exceeds Estimates In July

U.S. Producer Price Growth Far Exceeds Estimates In July

Producer prices in the U.S. increased by much more than expected in the month of July, the Labor Department revealed in a report released on Thursday. The Labor Department said its producer price index for final demand shot up by 0.9 percent in July after coming in unchanged in June. Economists had expected producer prices to rise by 0.2 percent.
RTTNews | 1s 25 dakika önce
U.S. Weekly Jobless Claims Unexpectedly Dip To 224,000

U.S. Weekly Jobless Claims Unexpectedly Dip To 224,000

The Labor Department released a report on Thursday unexpectedly showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 9th. The report said initial jobless claims dipped to 224,000, a decrease of 3,000 from the previous week's revised level of 227,000.
RTTNews | 1s 58 dakika önce
UK GDP Rises More Than Expected

UK GDP Rises More Than Expected

The UK economy expanded more than expected in the second quarter but the overall growth softened as US frontloading propelled growth at the start of the year. Gross domestic product expanded 0.3 percent in the second quarter largely driven by growth in the service sector, the Office for National Statistics reported Thursday. Although the rate was stronger than the expected growth of 0.1 pe
RTTNews | 2s 39 dakika önce
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a mixed note Thursday morning, reacting to data showing a bigger than expected increase in U.S. producer price index, and mixed batch of earnings data from Canada. Oil prices are up, while metals are exhibiting weakness.
RTTNews | 3s 10 dakika önce
S&P Sees Limited Impact From U.S. Tariffs On Indian Economy, Raises Ratings

S&P Sees Limited Impact From U.S. Tariffs On Indian Economy, Raises Ratings

S&P Global Ratings upgraded India's sovereign ratings on Thursday citing a buoyant economic growth, enhanced monetary policy conditions and the government's fiscal consolidation commitment, while the higher tariffs from the U.S. administration is estimated to have only limited impact on the economy. India's sovereign credit ratings were raised to 'BBB' from 'BBB-', with a 'stable' outlook.
RTTNews | 3s 14 dakika önce
Pound Rises On Upbeat U.K. GDP Data

Pound Rises On Upbeat U.K. GDP Data

The British pound strengthened against most major currencies in the European session on Thursday, as the U.K. economy rebounded at a faster-than-expected pace in June.
RTTNews | 4s 43 dakika önce