CAC 40 Edges Higher On Rate Cut Expectations
(RTTNews) - French stocks climbed on Thursday amid expectations the European Central Bank will probably start cutting interest rates during the spring.
Elsewhere, the U.S. Federal Reserve is likely to hold rates steady at its policy meeting next week, but the 'dot plot' projections may signal future interest rate moves.
The U.S. producer price inflation data for February due out later in the day along with other reports on weekly jobless claims and retail sales may shed additional light on the outlook for interest rates.
The benchmark CAC 40 was up 55 points, or 0.7 percent, at 8,193 after rising 0.6 percent in the previous session.
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Swiss Market Ends On Firm Note
Save for a few minutes at the start, the Switzerland market's benchmark index SMI stayed positive on Friday as lower oil prices and bond yields helped underpin sentiment.
Additionally, weaker than expected jobs data from the U.S. has somewhat reduced the likelihood of the Federal Reserve raising interest rates at its next meeting later this month.
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European Markets Recover From Multi-month Lows, Close On Positive Note
A day after falling to multi-month lows, European markets rebounded fairly strongly on Friday as oil prices fell sharply and bond yields dropped, easing concerns about inflation and interest rates a bit.
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Canadian Market Remains Firmly Up In Positive Territory
The Canadian market is up firmly in positive territory around noon on Friday thanks to weak oil prices and lower bond yields aiding sentiment.
Additionally, weaker than expected jobs data from the U.S. has somewhat reduced the likelihood of the Federal Reserve raising interest rates at its next meeting later this month.
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U.S. Factory Orders Inch Up In Line With Estimates In August
A report released by the Commerce Department on Friday showed a slight uptick in new orders for U.S. manufactured goods in the month of August. The Commerce Department said factory orders crept up by 0.1 percent in August after climbing by a downwardly revised 0.8 percent in July.
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U.S. Employment Rises By 29,000 Jobs In September, Much Less Than Expected
The Labor Department released a closely watched report on Friday showing employment in the U.S. increased by much less than expected in the month of September. The report said non-farm payroll employment rose by 29,000 jobs in September after jumping by a downwardly revised 133,000 jobs in August. Economists had expected employment to increase by 85,000 jobs.
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Euro Slides Against Majors
The euro weakened against other major currencies in the European session on Friday.
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Walmart Recalls Over 4.4 Mln Grill Brushes For Ingestion Risk
Retail giant Walmart Inc. is recalling around 4.478 million units of metal wire bristle grill brushes, citing risk of ingestion and internal injuries, according to the U.S. Consumer Product safety Commission or CPSC. The recall involves certain Walmart Expert Grill brushes with black plastic or stainless-steel handles. Some brushes come with metal scraper attached.
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Bay Street Headed For Positive Start
Canadian stocks look headed for a positive start on Friday with concerns about inflation and interest rates easing a bit following a sharp drop in oil prices. Bond yields have dropped as well.
U.S. non-farm payroll data for the month of September is likely to make an impact on investor sentiment.
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11 jam 53 menit yang lalu
