CAC 40 Little Changed As Investors Await Fed Decision

RTTNews | 117 일 전
CAC 40 Little Changed As Investors Await Fed Decision

(RTTNews) - French stocks were steady on Monday as investors remained cautious ahead of an expected Federal Reserve interest-rate cut this week. The main debate is should the Fed go in with a 50-bps cut or stick to a 25-bps cut.

The benchmark CAC 40 was marginally higher at 7,471 after rising 0.4 percent on Friday.

Ipsen SA jumped 5.5 percent. The drug maker has cancelled plans to commercialize a treatment for prostate cancer after a late-stage trial stopped short of reaching its main goals.

Electrical supplies distributor Rexel soared 10 percent after saying it had rejected an unsolicited preliminary bid from billionaire Brad Jacobs-led QXO.

Vallourec SA was moving lower. The seamless tubular solutions company has agreed to acquire Thermotite do Brasil Ltda. a provider of thermal insulation pipe coating services for the offshore oil and gas industry, from Mattr Corp. (MATR.TO) for $17.5 million, on a cash-free, debt-free basis.

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TSX Ends Notably Lower As Stocks Drop On Interest Rate Concerns

TSX Ends Notably Lower As Stocks Drop On Interest Rate Concerns

The Canadian market closed notably lower on Friday, hurt by rising bond yields, and fading optimism about interest rate cuts by the Federal Reserve after data showed stronger-than-expected growth in U.S. non-farm payroll employment. Canadian employment data too came in stronger than expected, reducing prospects of any significant monetary easing by the Bank of Canada.
RTTNews | 16 시간 15 분 전
Dollar Climbs Higher After Buoyant Jobs Data

Dollar Climbs Higher After Buoyant Jobs Data

The U.S. dollar firmed against its major counterparts on Friday amid fading hopes of further reductions in interest rates after data from the Labor Department showed stronger-than-expected growth in non-farm payroll employment in the month of December.
RTTNews | 16 시간 45 분 전
Swiss Market Ends Notably Lower

Swiss Market Ends Notably Lower

The Switzerland market settled notably lower on Friday, in line with markets across Europe, as upbeat U.S. jobs data raised concerns that the Federal Reserve will likely hold interest rates unchanged from current levels, or go slow on interest rate cuts this year. Data showing an increase in Swiss unemployment weighed as well.
RTTNews | 20 시간 9 분 전
U.S. Dollar Firms As Strong Jobs Data Dampens Rate Cut Hopes

U.S. Dollar Firms As Strong Jobs Data Dampens Rate Cut Hopes

The U.S. dollar climbed against its most major counterparts in the New York session on Friday, as stronger-than-expected jobs data for December strengthened expectations that the Federal Reserve will hold rates steady for sometime.
RTTNews | 20 시간 23 분 전
Canadian Stocks Tumble As Upbeat Jobs Data Raises Interest Rate Concerns

Canadian Stocks Tumble As Upbeat Jobs Data Raises Interest Rate Concerns

Canadian stocks are down sharply on Friday with stronger-than-expected U.S. jobs data raising concerns that the Federal Reserve will likely hold interest rates unchanged from current levels for sometime. Also, a buoyant Canadian employment reports has dimmed the prospects for further easing by the Canadian central bank for now.
RTTNews | 21 시간 36 분 전
U.S. Consumer Sentiment Edges Lower In January As Inflation Expectations Surge

U.S. Consumer Sentiment Edges Lower In January As Inflation Expectations Surge

Consumer sentiment in the U.S. has unexpectedly seen a modest deterioration in the month of January, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index edged down to 73.2 in January from 74.0 in December. Economists had expected the index to inch up to 74.5.
RTTNews | 23 시간 29 분 전