CAC 40 Holds Steady On US Debt Deal Optimism

RTTNews | 1211 days ago
CAC 40 Holds Steady On US Debt Deal Optimism

(RTTNews) - French stocks held steady on Friday after reports suggested that U.S. lawmakers are inching closer to an agreement that would raise the debt limit for about two years and cap federal spending at the same level as fiscal 2023 for two years.

The dollar eased on optimism that the U.S. government would avert a government default. The benchmark CAC 40 was up 10 points, or 0.1 percent, at 7,239 after losing 0.3 percent the previous day.

Casino plunged nearly 6 percent. The debt-ridden retailer said it was officially started court-backed negotiations with its creditors.

The dollar edged lower in European trade but was on course for its third consecutive weekly gain amid speculation that the Federal Reserve may raise rates again in June.

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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 | 1h 59min 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 | 4h 38min 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 | 5h 10min ago
U.S. Leading Economic Index Unexpectedly Edges Lower In August

U.S. Leading Economic Index Unexpectedly Edges Lower In August

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 | 8h 46min 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 | 8h 54min ago
UK Retail Sales Recover Unexpectedly

UK Retail Sales Recover Unexpectedly

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 | 9h 36min ago
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

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 | 10h 12min ago