CAC 40 Rises With Political Turmoil In Focus

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CAC 40 Rises With Political Turmoil In Focus

(RTTNews) - French stocks were sharply higher on Tuesday despite Prime Minister Michel Barnier bracing for a no-confidence vote this week over a budget dispute.

After Barnier invoked a rarely used constitutional mechanism to push through the contentious 2025 budget without parliamentary approval, Marine Le Pen's far-right National Rally and the leftist New Popular Front both have filed no-confidence motions, setting the stage for a vote as early as Wednesday that could see Barnier's ouster.

The benchmark CAC 40 was up 72 points, or 1 percent, at 7,309 after finishing marginally higher the previous day.

Worldline SA shares were up 2.6 percent, extending gains from the previous session after the payments group attracted takeover interest from private equity firms.

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Fed's Beige Book Says U.S. Economic Activity Rose Slightly

Fed's Beige Book Says U.S. Economic Activity Rose Slightly

Economic activity rose slightly in most Federal Reserve districts, according to the central bank's Beige Book, a compilation of anecdotal evidence on economic conditions in each of the twelve Fed districts. The Beige Book, released Wednesday afternoon, said three regions exhibited modest or moderate growth that offset flat or slightly declining activity in two others.
RTTNews | il y a 5h 3min
Gold Futures Close Higher As Dollar Remains Weak

Gold Futures Close Higher As Dollar Remains Weak

Gold futures closed higher on Wednesday, gaining for a second straight session, as the dollar remained weak. Geopolitical tensions and political uncertainty in France contributed as well for the increased demand for the safe-haven asset.
RTTNews | il y a 5h 3min
Swiss Market Close Moderately Lower

Swiss Market Close Moderately Lower

The Switzerland market closed weak on Wednesday after languishing in the red right through the day's trading session, as investors looked for directional clues and made cautious moves.
RTTNews | il y a 5h 59min
European Stocks Close Broadly Higher

European Stocks Close Broadly Higher

European stocks closed broadly lower on Wednesday despite political uncertainty in France, and lingering concerns about geopolitical tensions. Investors also awaited some crucial economic data from the U.S. A report from the Organization for Economic Co-operation and Development (OECD) saying that the global economy will likely remain resilient helped underpin sentiment.
RTTNews | il y a 6h 15min
U.S. Factory Orders Rise In Line With Estimates In October

U.S. Factory Orders Rise In Line With Estimates In October

The Commerce Department released a report on Wednesday showing a modest increase by new orders for U.S. manufactured goods in the month of October. The report said factory orders rose by 0.2 percent in October after dipping by a revised 0.2 percent in September. Economists had expected factory orders to rise by 0.2 percent.
RTTNews | il y a 8h 38min
U.S. Service Sector Growth Slows More Than Expected In November

U.S. Service Sector Growth Slows More Than Expected In November

A report released by the Institute for Supply Management on Wednesday showed U.S. service sector growth slowed by more than anticipated in the month of November. The ISM said its services PMI fell to 52.1 in November from 56.0 in October. While a reading above 50 still indicates growth, economists had expected the index to show a much more modest decrease to 55.5.
RTTNews | il y a 8h 56min
U.S. Private Sector Job Growth Falls Modestly Short Of Estimates In November

U.S. Private Sector Job Growth Falls Modestly Short Of Estimates In November

A report released by payroll processor ADP on Wednesday showed private sector employment in the U.S. increased by slightly less than expected in the month of November. ADP said private sector employment climbed by 146,000 jobs in November after jumping by a downwardly revised 184,000 jobs in October.
RTTNews | il y a 9h 29min