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CAC 40 Gains As ECB Survey Signals Quicker Return Of Inflation To Targets

RTTNews | 9h 26min atrás

CAC 40 Gains As ECB Survey Signals Quicker Return Of Inflation To Targets

(RTTNews) - French stocks were moving higher on Friday after an ECB survey showed headline inflation in the euro zone will return to the central bank's 2 percent target sooner than earlier thought. The survey is an important input in the ECB's policy deliberations.

The European Central Bank lowered interest rates for the third time this year on Thursday, citing moderating price pressures and sluggish growth.

The benchmark CAC 40 was up 31 points, or 0.4 percent, at 7,614 after rallying 1.2 percent the previous day.

EssilorLuxottica shares were marginally higher. The ophthalmic company reported that its third-quarter total revenue rose 2.3 percent to 6.437 billion euros from 6.294 billion euros last year.

On a constant currency basis, revenues grew 4.0 percent in the quarter.

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U.S. Housing Starts Pull Back Modestly As Multi-Family Starts Extend Plunge

U.S. Housing Starts Pull Back Modestly As Multi-Family Starts Extend Plunge

After reporting a sharp increase in new residential construction in the U.S. in the previous month, the Commerce Department released a report on Friday showing a modest pullback by housing starts in the month of September. The Commerce Department said housing starts fell by 0.5 percent to an annual rate of 1.354 million in September.

RTTNews | 4h 51min atrás

CPSC Recalls: Textron ROVs, Colsen Fire Pits, Anker Power Banks, Oliva Cigar Lighters

CPSC Recalls: Textron ROVs, Colsen Fire Pits, Anker Power Banks, Oliva Cigar Lighters

The U.S. Consumer Product safety Commission or CPSC has announced recalls including Textron Specialized Vehicles' Recreational Off Highway vehicles, Colsen Fire Pits LLC's Fire Pits, Anker Innovations Ltd.'s Anker Power Banks, and Oliva Cigars Co. Inc.'s Cigar Lighters, citing various reasons. In most of the recalls, consumers are urged to immediately stop using the recalled product

RTTNews | 4h 55min atrás

U.S. Housing Starts Show Modest Pullback In September

U.S. Housing Starts Show Modest Pullback In September

After reporting a sharp increase in new residential construction in the U.S. in the previous month, the Commerce Department released a report on Friday showing a modest pullback by housing starts in the month of September.

RTTNews | 5h 43min atrás

Bay Street Likely To Open Higher

Bay Street Likely To Open Higher

The Canadian market is seen opening on a positive note Friday morning, with materials shares set for some upside thanks to firm metal prices. With the economic calendar blank and no big earnings updates due for the day, trading is likely to remain somewhat lackluster.

RTTNews | 5h 56min atrás

Wall Street Likely To See Mixed Open; Earnings In Focus

Wall Street Likely To See Mixed Open; Earnings In Focus

Futures point to a mixed start for stocks on Wall Street Friday morning. With the economic calendar rather light, investors are likely to focus on earnings.

RTTNews | 6h 18min atrás

Sensex, Nifty Snap Three Day Losing Streak

Sensex, Nifty Snap Three Day Losing Streak

Indian shares recovered from an early slide to end modestly higher on Friday. Rate-sensitive banks, automakers and metal stocks advanced, offsetting weakness in the IT and FMCG sectors.

RTTNews | 8h 6min atrás

European Shares Mixed As Investors Look To UK Budget

European Shares Mixed As Investors Look To UK Budget

European shares were mixed on Friday, a day after the European Central Bank (ECB) cut its deposit rate by 25 basis points to 3.25 percent, citing sluggish economic growth and easing inflation.

RTTNews | 9h 0min atrás

Pound Surges As U.K. Retail Sales Rise Unexpectedly

Pound Surges As U.K. Retail Sales Rise Unexpectedly

The British pound strengthened against other major currencies in the European session on Friday, after data showed that U.K. retail sales logged an unexpected growth in September on higher sales of technology products.

RTTNews | 9h 8min atrás

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