CAC 40 Inches Higher On Earnings

RTTNews | il y a 898
Stocktwits
CAC 40 Inches Higher On Earnings

(RTTNews) - French stocks edged up slightly on Wednesday as Treasury yields continued their retreat on hopes for slower U.S. rate hikes in the coming months.

The upside remained capped after technology giants Alphabet Inc and Microsoft posted unexpectedly weak earnings.

The benchmark CAC 40 rose 0.2 percent to 6,264 after climbing 1.9 percent the previous day.

Thales gained nearly 3 percent. The maker of electrical systems for industries backed its FY22 view after reporting higher sales and order intake in its first nine months of fiscal 2022.

Sodexo rose about 2 percent. The food services and facilities management company reported that its profit attributable to equity holders of the parent for fiscal year 2022 surged to 695 million euros from 139 million euros last year.

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U.S. Consumer Sentiment Index Tumbles Much More Than Expected In April

U.S. Consumer Sentiment Index Tumbles Much More Than Expected In April

Preliminary data released by the University of Michigan on Friday showed a continued slump by U.S. consumer sentiment in the month of April. The University of Michigan said its consumer sentiment index tumbled to 50.8 in April after plunging to 57.0 in March. Economists had expected the consumer sentiment index to fall to 54.5.
RTTNews | il y a 11h 20min
CPSC Recalls: Fisher-Price Toys, OTC Cold Medicine, Youth ATVs, Baby Bath Seats, High Chairs

CPSC Recalls: Fisher-Price Toys, OTC Cold Medicine, Youth ATVs, Baby Bath Seats, High Chairs

The U.S. Consumer Product safety Commission or CPSC has announced various recalls including Fisher-Price Stroller Toys and Tissue Box Toys, over-the-counter or OTC cold medicine, youth All-Terrain Vehicles or ATVs, baby bath seats, and high chair activity centers, among others. Toy maker Fisher-Price Inc., owned by Mattel, Inc., recalled about 253,000 units of Brunch & Go Stroller Toys.
RTTNews | il y a 11h 41min
U.S. Producer Prices Unexpectedly Decrease In March, Annual Growth Slows

U.S. Producer Prices Unexpectedly Decrease In March, Annual Growth Slows

On the heels of yesterday's report showing a surprise dip by U.S. consumer prices, the Labor Department released a separate report on Friday showing U.S. producer prices also unexpectedly decreased in the month of March. The Labor Department said its producer price index for final demand fell by 0.4 percent in March after inching up by a revised 0.1 percent in February.
RTTNews | il y a 13h 15min
U.S. Producer Prices Unexpectedly Fall 0.4% In March

U.S. Producer Prices Unexpectedly Fall 0.4% In March

On the heels of yesterday's report showing a surprise dip by U.S. consumer prices, the Labor Department released a separate report on Friday showing U.S. producer prices also unexpectedly decreased in the month of March.
RTTNews | il y a 14h 26min
Bay Street May Open On Positive Note

Bay Street May Open On Positive Note

Canadian shares are likely to open higher on Friday, led by gains in the materials sectors thanks to rising metal prices. Gold prices climbed to record highs past $3,200 an ounce mark. Escalating tensions between China and the U.S. could weigh on sentiment and cap market's upside.
RTTNews | il y a 14h 26min
JPMorgan Stock Gains On Q1 Results Above Street, AUM Strength

JPMorgan Stock Gains On Q1 Results Above Street, AUM Strength

Shares of JPMorgan Chase & Co. were gaining around 2 percent in the pre-market activity on the NYSE after the banking major reported Friday higher profit and revenues in its first quarter, both above market estimates, despite significant growth in provision for credit losses. Assets under management climbed from last year, driven by continued net inflows and higher market levels.
RTTNews | il y a 14h 50min
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