CAC 40 Gains As US Debt Deal Progress Boosts Sentiment

RTTNews | 1206 days ago
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.

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U.S. Dollar Slips As Focus Shifts To Upcoming Trump's Meet With GCC Leaders

U.S. Dollar Slips As Focus Shifts To Upcoming Trump's Meet With GCC Leaders

The U.S. Dollar value ticked lower on Friday after U.S. President Donald Trump hinted at returning to a possible military confrontation with Iran. Trump is planning to take a call after his upcoming meeting with the leaders of the Gulf Cooperation Council on Tuesday in New York.
RTTNews | 10h 50min ago
Swiss Market Ends On Weak Note

Swiss Market Ends On Weak Note

The Switzerland stock market closed notably lower on Friday, in line with markets across Europe as worries about inflation and uncertainty about central banks' monetary policy moves rendered the mood cautious.
RTTNews | 13h 30min ago
European Stocks Fall As Central Bank Signals Weigh On Sentiment

European Stocks Fall As Central Bank Signals Weigh On Sentiment

European stocks declined Friday amid caution over monetary policy and inflation outlooks from major central banks. The ECB survey showed Euro Zone inflation expectations rose to 3% from 2.9%, while the Bank of Japan raised rates by 25 basis points.
RTTNews | 14h 2min ago
U.S. Leading Economic Index Unexpectedly Edges Lower In August

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A report released the Conference Board on Friday unexpectedly showed a modest decrease by its reading on leading U.S. economic indicators in the month of August. The Conference Board said its leading economic index edged down by 0.1 percent in August after rising by 0.2 percent in July. Economists had expected the index to inch up by 0.1 percent.
RTTNews | 17h 37min ago
U.S. Industrial Production Unexpectedly Flat In August

U.S. Industrial Production Unexpectedly Flat In August

With a jump in utilities output offset by a decrease in manufacturing output, the Federal Reserve released a report on Friday showing U.S. industrial production unexpectedly came in flat in the month of August. The Fed said industrial production was unchanged in August after rising by an unrevised 0.2 percent in July. Economists had expected industrial production to climb by 0.3 percent.
RTTNews | 17h 45min ago
UK Retail Sales Recover Unexpectedly

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UK retail sales rebounded unexpectedly in August underpinned by online shopping and warm weather boosted sales of seasonal items, data from the Office for National Statistics revealed Friday. Retail sales grew 0.5 percent on a monthly basis, offsetting July's 0.5 percent fall. Sales were expected to drop 0.2 percent.
RTTNews | 18h 28min ago
Bay Street Likely To Open On Mixed Note

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Canadian stocks are likely to open on mixed note on Friday, with investors tracking commodity prices and assessing recent monetary policy moves and weighing inflation outlook. Activity for most part of the session could be a bit lackluster amid a lack of fresh data or corporate news.
RTTNews | 19h 4min ago