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CAC 40 Slips Into Red With Rate Decisions In Focus
(RTTNews) - French stocks were a tad lower on Thursday after the U.S. Federal Reserve raised rates by 25 bps, as widely expected, and signaled it may pause further rate increases depending on incoming data.
Meanwhile, the European Central Bank is expected to raise interest rates for the seventh meeting in a row later today, citing upside risks to the inflation outlook.
In economic releases, the French services PMI increased from 53.9 to 54.6 but was down from a prelim 56.3.
The benchmark CAC 40 was down 27 points, or 0.4 percent, at 7,377 after closing 0.3 percent higher the previous day.
Capgemini shares fluctuated after the IT consulting group posted weaker revenue growth in the first quarter amid a tense economic environment.
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Canadian Market Remains In Negative Territory After Weak Start
The Canadian market, which opened on a weak note Thursday morning, continues to languish in negative territory well past noon, weighed down by losses in technology and industrials sectors.
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1s 28 dakika önce
Swiss Market Ends Modestly Higher After Mild Struggle
The Switzerland market recovered after a flat start on Thursday, and after staying positive till well past noon, suffered a setback but regained some strength to eventually end the day's session modestly higher.
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1s 53 dakika önce
Major European Markets Close On Positive Note
Amid expectations of a rate cut from the Federal Reserve in September, and hopes the meeting between the Presidents of the U.S. and Russia will help end the war in Ukraine, the major European markets closed on a positive note on Thursday, although the U.K. market underperformed other major markets in the region.
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2s 9 dakika önce
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.
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4s 37 dakika önce
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.
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5s 9 dakika önce
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
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5s 50 dakika önce
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.
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6s 21 dakika önce
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.
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6s 25 dakika önce
