CAC 40 Slips In Lackluster Trade Ahead Of US Jobs Report
(RTTNews) - French stocks were moving lower on Friday, a day after minutes from the European Central Bank's last meeting highlighted worries about exceptionally high levels of inflation and the need for aggressive policy tightening to bring it under control.
All eyes now turn to the U.S. nonfarm payrolls report due later in the day, with economists expecting employment to jump by 250,000 jobs in September after an increase of 315,000 jobs in August. The unemployment rate is expected to hold at 3.7 percent.
The benchmark CAC 40 was down 11 points, or 0.2 percent, at 5,92 after falling 0.8 percent the previous day.
Automaker Renault surged 4 percent to top the gainers list while top banks traded on a mixed note.
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U.S. Dollar Moves To The Upside After Early Volatility
After seeing considerable volatility earlier in the day, the value of the U.S. dollar has moved higher over the course of trading on Friday.
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12h 34min ago
Swiss Stock Market Extends Win Streak To Four Sessions
The Swiss stick market was in the green from start to finish on Friday, rising optimism over the outlook for interest rates and extending recent gains.
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14h 32min ago
Swiss Franc Drops Against Most Majors
The Swiss franc fell against its most major counterparts in the New York session on Friday.
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14h 48min ago
Rate Cut Hopes Boost European Stock Markets
Optimism over interest rate cuts had traders in a happy mood on Friday as the major European stock markets finished solidly to the upside, extending recent gains.
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15h 10min ago
Japanese Yen Declines Against Majors
The Japanese yen weakened against its major counterparts in the New York session on Friday.
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15h 29min ago
U.S. Industrial Production Jumps In December As Utilities, Mining Output Surges
Industrial production in the U.S. increased by much more than expected in the month of December, according to a report released by the Federal Reserve on Friday. The Fed said industrial production jumped by 0.9 percent in December after rising by a revised 0.2 percent in November.
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18h 36min ago
U.S. Housing Starts Skyrocket To Ten-Month High In December
A report released by the Commerce Department on Friday showed new residential construction in the U.S. surged by much more than anticipated in the month of December. The Commerce Department said housing starts soared by 15.8 percent to an annual rate of 1.499 million in December after tumbling by 3.7 percent to a revised rate of 1.294 million in November.
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19h 29min ago
U.S. Industrial Production Jumps Much More Than Expected In December
Industrial production in the U.S. increased by much more than expected in the month of December, according to a report released by the Federal Reserve on Friday.
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19h 42min ago
