CAC 40 Edges Higher In Cautious Trade
(RTTNews) - French stocks edged up slightly on Thursday as investors reacted to dovish-sounding remarks by Federal Reserve Chair Jerome Powell and signs of easing COVID-19 curbs in China.
Investors await the release of final manufacturing PMI figures for November later in the day for directional cues.
The benchmark CAC 40 edged up 15 points, or 0.2 percent, to 6,753 after rallying 1 percent on Wednesday.
The U.S. dollar slumped in early European trade as Powell's remarks validated market expectations for a 50-basis point rate hike later this month.
Valneva SE shares jumped nearly 5 percent. Pfizer Inc. and the French biotech company reported today six-month antibody persistence data for Lyme disease vaccine candidate VLA15 in both children and adults.
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TSX Tumbles More Than 1% As Stocks Fall On Tariff Concerns
After posting a record close the previous day, the Canadian market opened marginally up and edged higher Friday morning, but kept losing ground as the day progressed with stocks from across several sectors reeling under selling pressure as Trump administration confirmed that it would begin imposing 25% tariffs on imports from Canada from February 1.
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10h 44min atrás
German Inflation Unexpectedly Eases In January
Consumer price pressures in Germany slowed unexpected at the start of the year amid a sharp slowdown in food inflation, offering some relief for the European Central Bank that lowered interest rates a day earlier and plan to continue easing to boost the single currency economy that came to a standstill in the final three months of 2024.
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13h 40min atrás
Swiss Markets Ends Slightly Weak
The Swiss market edged down marginally on Friday with stocks paring gains in late afternoon trade as investors chose to take some profits following a long winning streak. Data showing a stronger than expected jump in the nation's retail sales aided sentiment.
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14h 50min atrás
Major European Markets Close Slightly Higher
European stocks saw some profit taking in late afternoon trades on Friday, but the major markets in the region still managed to close slightly up.
Investors assessed recent economic data, earnings news, and monetary policy announcements of the Federal Reserve and the European Central Bank.
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15h 5min atrás
Canadian Market Down Marginally In Cautious Trade; Tech Stocks Move Higher
The Canadian market is up in positive territory a little past noon on Friday with the benchmark S&P/TSX Composite Index hovering near record high, thanks largely to strong buying in the technology sector after encouraging earnings updates from big name U.S. companies such as Apple Inc. and Meta Platforms.
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16h 26min atrás
U.S. Dollar Advances Amid Trump's Tariff Threats
The U.S. dollar firmed against its most major counterparts in the New York session on Friday amid concerns about President Donald Trump's renewed pledge to slap 25 percent tariffs on imports from Canada and Mexico on February 1.
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16h 35min atrás
ECB Surveys Show Rising Eurozone Inflation Expectations
Euro area consumers' inflation expectations for the next 12 months increased for a third straight month in December, while professional forecasters revised up the projections for this year and next, separate surveys by the European Central Bank showed on Friday.
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16h 44min atrás
Chicago Business Barometer Increases But Still Indicates Contraction
MNI Indicators released a report on Friday showing its reading on Chicago-area business activity increased in the month of January but continued to indicate contraction. The report said the Chicago business barometer rose to 39.5 in January from 36.9 in December, although a reading below 50 still indicates contraction. Economists had expected the index to climb to 40.0.
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18h 43min atrás
