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CAC 40 Inches Higher In Cautious Trade
(RTTNews) - French stocks were modestly higher on Friday, a day after the European Central Bank slowed the pace of its rate increases but signaled more tightening to fight inflation. The benchmark CAC 40 was up 18 points, or 0.3 percent, at 7,359 after losing 0.9 percent on Thursday.
Banks were broadly higher, with BNP Paribas, Credit Agricole and Societe Generale rising between half a percent and 1.2 percent.
Air France tumbled 3.2 percent after the Franco-Dutch carrier group posted an operating loss of €306 million ($338 million) for the first quarter.
Thales Group slipped half a percent despite reporting higher Q1 sales and confirming its 2023 outlook.
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Pound Slides On Weak UK GDP Data
The British pound weakened against most major currencies in the European session on Friday, after U.K. economy logged an unexpected contraction at the start of the year on a sharp fall in production.
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hace 4h 10min
CAC Moderately Higher In Cautious Trade
French stocks are up in positive territory a little past noon on Friday, led by gains financials and luxury sectors. The mood remains cautious amid escalating trade war tensions. Slight optimism about a ceasefire in Ukraine is aiding sentiment.
RTTNews
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hace 4h 27min
DAX Climbs Higher; Adidas, Daimler Among Notable Gainers
German stocks are up firmly in positive territory a little past noon on Friday, despite rising trade tensions, and uncertainty surrounding the nation's spending plans. Investors are digesting the nation's inflation data and some corporate earnings updates.
RTTNews
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hace 4h 55min
Pound Slides Against Most Majors
The British pound weakened against most major currencies in the European session on Friday.
RTTNews
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hace 6h 4min
European Shares Inch Higher In Cautious Trade
European shares inched higher on Friday but were on track for a weekly loss on heightened trade tensions and growing concerns about an economic slowdown.
RTTNews
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hace 6h 16min
UK Economy Contracts Unexpectedly On Weaker Production
The UK economy logged an unexpected contraction at the start of the year on a sharp fall in production, official data revealed on Friday. Gross domestic product shrank 0.1 percent on a monthly basis in January, following a growth of 0.4 percent in December, the Office for National Statistics reported. GDP was expected to grow 0.1 percent.
RTTNews
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hace 6h 35min
Asian Shares Advance As US Shutdown Worries Ease
Asian stocks ended mostly higher on Friday after U.S. Senate Minority Leader Chuck Schumer said he plans to vote for a Republican bill to fund the government through September, helping ease worries about a potential federal government shutdown.
RTTNews
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hace 6h 41min
Yen Falls Amid Uncertainty Over BoJ Policy
The Japanese yen weakened against other major currencies in the Asian session on Friday, as the Bank of Japan (BoJ) is anticipated to keep interest rates steady next week as a way to evaluate the risks of escalating U.S. trade tensions.
RTTNews
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hace 7h 26min
