CAC 40 Modestly Higher In Cautious Trade; Renault Soars 7%

RTTNews | 792 ngày trước
CAC 40 Modestly Higher In Cautious Trade; Renault Soars 7%

(RTTNews) - French stocks were seeing modest gains on Thursday, as investors digested hawkish comments from global central bankers and awaited Chinese PMI data for directional cues. The benchmark CAC 40 was up 27 points, or 0.4 percent, at 7,313 after rallying 1 percent on Wednesday.

Alstom edged up slightly. The French rolling stock major and Northrail AG have completed a framework contract for 50 multi-system Traxx Universal locomotives with a full-service maintenance package for up to 16 years.

Automaker Renault soared 7 percent. The company lifted its annual operating margin outlook following the success of its recent launches.

Euro zone bond yields edged higher today after preliminary data showed inflation rose in five economically important German states in the month of June.

Sweden's crown hit a record low after the Riksbank modestly raised its policy rate and accelerated bond sales.

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German Inflation Accelerates To 2.2% In August

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
RTTNews | 37 phút trước
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | 3h 27phút trước
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | 3h 56phút trước
Chicago Business Barometer Slumps Much More Than Expected In August

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.
RTTNews | 6h 59phút trước
U.S. Consumer Prices Increase In Line With Estimates In July

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.
RTTNews | 7h 42phút trước
German Unemployment Exceeds 3 Mln

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
RTTNews | 8h 12phút trước