CAC 40 Gains With Focus On Upcoming ECB Meeting

RTTNews | il y a 158
CAC 40 Gains With Focus On Upcoming ECB Meeting

(RTTNews) - French stocks traded higher on Monday as a survey showed France's manufacturing PMI improved to 46.40 in May from 45.30 in April.

Investors also braced for a key interest-rate decision from the European Central Bank this week.

The benchmark CAC 40 was up 38 points, or half a percent at 8,030 after closing up 0.2 percent on Friday.

Biopharmaceutical company Ipsen edged up slightly after saying it has initiated a share buy-back program to cover its free employee share-allocation plan and employee share plan.

China-related LVMH rose half a percent, Hermes inched up slightly and Kering rallied 2.6 percent after a private survey showed China's factory activity grew the fastest in about two years in May due to production gains and new orders.

read more
Dollar Extends Gains As Aggressive Rate Cut Bets Drop

Dollar Extends Gains As Aggressive Rate Cut Bets Drop

The U.S. dollar extended gains against most of its major counterparts on Friday amid bets interest rates will stay mostly higher during the upcoming term of Donald Trump as his policies are likely to elevate upside risks to inflation and push rates higher.
RTTNews | il y a 9h 7min
Swiss Market Ends Notably Lower

Swiss Market Ends Notably Lower

The Switzerland market closed notably lower on Friday on weak global cues as concerns about global economic growth and geopolitical tensions rendered the mood a bit bearish.
RTTNews | il y a 12h 30min
European Stocks Close Lower As Markets Assess Rate Moves, Earnings

European Stocks Close Lower As Markets Assess Rate Moves, Earnings

European stocks closed weak on Friday with investors reacting to corporate earnings announcements, and assessing the Bank of England and the Federal Reserve's interest rate decisions. Weak commodity prices, geopolitical tensions, and the likely impact of Donald Trump's protectionist policies on global economy weighed on sentiment.
RTTNews | il y a 12h 53min
U.S. Dollar Climbs On Trump Optimism

U.S. Dollar Climbs On Trump Optimism

The U.S. dollar strengthened against its major counterparts in the New York session on Friday on hopes that policies under incoming President Donald Trump would spur economic growth and inflation.
RTTNews | il y a 12h 57min
U.S. Consumer Sentiment Improves More Than Expected In November

U.S. Consumer Sentiment Improves More Than Expected In November

Preliminary data released by the University of Michigan on Friday showed consumer sentiment has improved by more than expected in the month of November. The University of Michigan said its consumer sentiment index climbed to 73.0 in November from 70.5 in October. Economists had expected the index to inch up to 71.0.
RTTNews | il y a 16h 7min
Bay Street Likely To Open On Negative Note

Bay Street Likely To Open On Negative Note

Lower Canadian and U.S. stock futures, weak commodity prices and European stocks point to a negative start for the Canadian market Friday morning. The focus will be on Canadian employment data.
RTTNews | il y a 18h 38min