CAC 40 Climbs Ahead Of ECB Rate Decision

RTTNews | vor 8Std 11 Minuten
CAC 40 Climbs Ahead Of ECB Rate Decision

(RTTNews) - French stocks advanced on Thursday amid bets that the European Central Bank (ECB) will announce an interest-rate cut later in the day, responding to falling inflation and worsening economic conditions.

The benchmark CAC 40 was up 84 points, or 1.1 percent, at 7,576 after falling 0.4 percent in the previous session.

In corporate news, Schneider Electric rallied 2.6 percent after it agreed to acquire a controlling stake in Motivair Corporation, a firm specializing in advanced liquid cooling for high-performance computing.

Advertising group Publicis Groupe gained 1 percent after revising its global forecast for 2024 upwards for a second time.

Getlink jumped 2.1 percent after the Channel tunnel operator posted better-than-expected Q3 revenue.

Spirits maker Pernod Ricard rose over 2 percent. After a disappointing start to its financial year, the company said it expects to be back on the growth track by next summer.

read more
Nestle Stock Up On 9M Organic Sales Growth; Cuts FY24 View

Nestle Stock Up On 9M Organic Sales Growth; Cuts FY24 View

Nestle SA on Thursday trimmed its fiscal 2024 outlook for earnings and organic sales growth after reporting weak sales in the first nine months of the year. However, organic growth was 2 percent in the period, with positive real internal growth. The Swiss food and beverage major also announced changes to its organization, effective as of January 1, along with certain key changes...
RTTNews | vor 4Std 45 Minuten
Bay Street Likely To Open On Positive Note

Bay Street Likely To Open On Positive Note

The Canadian market is likely to open higher on Thursday, tracking positive European markets and slightly higher commodity prices. Investors will also be reacting to the European Central Bank's decision to lower interest rates.
RTTNews | vor 4Std 47 Minuten
Eurozone Trade Surplus Falls Sharply On Weak Exports

Eurozone Trade Surplus Falls Sharply On Weak Exports

Eurozone trade surplus declined notably in August due to the fall in exports, official data showed on Thursday. Exports decreased 2.4 percent on a yearly basis, in contrast to the 9.4 percent increase in July, Eurostat reported. Likewise, imports dropped 2.3 percent after prior month's 3.6 percent gain.
RTTNews | vor 5Std 42 Minuten
European Shares Gain Before ECB Verdict

European Shares Gain Before ECB Verdict

European stocks traded higher on Thursday as investors digested a slew of earnings and awaited the European Central Bank's interest-rate decision.
RTTNews | vor 7Std 34 Minuten
Eurozone Inflation Eases To 1.7% In September

Eurozone Inflation Eases To 1.7% In September

Eurozone inflation eased slightly more than initially estimated in September, raising expectations for a quarter point rate cut by the European Central Bank later today. The harmonized index of consumer prices posted an annual increase of 1.7 percent, which was revised down from 1.8 percent estimated on October 1, final data from Eurostat showed on Thursday.
RTTNews | vor 7Std 36 Minuten
FTSE 100 Slightly Higher On Rate Cut Bets

FTSE 100 Slightly Higher On Rate Cut Bets

U.K. stocks were slightly higher on Thursday as signs of falling inflation spurred expectations that interest rates could be cut faster than previously thought.
RTTNews | vor 7Std 54 Minuten