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

RTTNews | 1179 days ago
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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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 | 1 day 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 | 2 days 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 | 2 days 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 | 2 days 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 | 2 days 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 | 2 days 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 | 2 days ago