CAC 40 Gains As US Debt Deal Progress Boosts Sentiment

RTTNews | 820天前
CAC 40 Gains As US Debt Deal Progress Boosts Sentiment

(RTTNews) - French stocks climbed on Thursday as investors cheered signs of progress on the U.S. debt ceiling deal, solid manufacturing data from China and dovish comments from Federal Reserve officials hinting at a pause in interest-rate hikes.

A private survey showed Chinese manufacturing activity unexpectedly swung to growth in May.

Traders shrugged off signs of a deepening downturn in Eurozone manufacturing activity in May and awaited inflation data due later in the day.

The benchmark CAC 40 was up 69 points, or 1 percent, at 7,168 after closing 1.5 percent lower in the previous session.

Safran gained 1.4 percent. The aerospace and defense company said that it has entered into exclusive discussions with Air Liquide SA to buy its aeronautical oxygen and nitrogen activities, excluding the cryogenic activities related to marine applications.

Spirits group Remy Cointreau edged down slightly after it warned of a continued slowdown of consumption growth in the U.S.

read more
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 | 31分钟前
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Friday, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.
RTTNews | 1小时45分钟前
FTSE 100 Weak Again, Looks Headed For Weekly Loss

FTSE 100 Weak Again, Looks Headed For Weekly Loss

U.K. stocks are trading lower on Friday, losing ground for a fourth straight session, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.
RTTNews | 2小时17分钟前
Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the European session on Friday.
RTTNews | 2小时24分钟前
French Stocks Mostly Subdued In Cautious Trade

French Stocks Mostly Subdued In Cautious Trade

The French market is down in negative territory on Friday with investors digesting a slew of economic data, and look ahead to key consumer inflation report from the U.S.
RTTNews | 2小时35分钟前