CAC 40 Climbs Ahead Of ECB Rate Decision

RTTNews | 41 days ago
CAC 40 Climbs Ahead Of ECB Rate Decision

(RTTNews) - French stocks advanced on Thursday amid bets that the European Central Bank (ECB) will announce an interest-rate cut later in the day, responding to falling inflation and worsening economic conditions.

The benchmark CAC 40 was up 84 points, or 1.1 percent, at 7,576 after falling 0.4 percent in the previous session.

In corporate news, Schneider Electric rallied 2.6 percent after it agreed to acquire a controlling stake in Motivair Corporation, a firm specializing in advanced liquid cooling for high-performance computing.

Advertising group Publicis Groupe gained 1 percent after revising its global forecast for 2024 upwards for a second time.

Getlink jumped 2.1 percent after the Channel tunnel operator posted better-than-expected Q3 revenue.

Spirits maker Pernod Ricard rose over 2 percent. After a disappointing start to its financial year, the company said it expects to be back on the growth track by next summer.

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European Markets Finish Mixed On Tuesday

European Markets Finish Mixed On Tuesday

The major European markets saw late support to finish mixed on Tuesday, shaking off early weakness as investors fretted about potential inflationary pressures arising from U.S. President-elect Donald Trump's proposed tariff policies.
RTTNews | 6h 10min ago
Pound Climbs Against Majors

Pound Climbs Against Majors

The pound firmed against its major counterparts in the New York session on Wednesday.
RTTNews | 7h 5min ago
U.S. Pending Home Sales Unexpectedly Increase In October

U.S. Pending Home Sales Unexpectedly Increase In October

The National Association of Realtors released a report on Wednesday unexpectedly showing a continued increase by U.S. pending home sales in the month of October. NAR said its pending home sales index jumped by 2.0 percent to 77.4 in October after soaring by 7.5 percent to an upwardly revised 75.9 in September. Economists had expected pending home sales to pull back by 1.3 percent.
RTTNews | 8h 31min ago
U.S. Consumer Price Growth Matches Estimates In October

U.S. Consumer Price Growth Matches Estimates In October

A closely watched report released by the Commerce Department on Wednesday showed consumer prices in the U.S. increased in line with expectations in the month of October. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in October, matching the uptick seen in September as well as economist estimates.
RTTNews | 8h 34min ago
Chicago Business Barometer Unexpectedly Edges Lower In November

Chicago Business Barometer Unexpectedly Edges Lower In November

A report released by MNI Indicators on Wednesday showed an unexpected decreased by its reading on Chicago-area business activity in the month of November. MNI Indicators said its Chicago business barometer slipped to 40.2 in November from 41.6 in October, with a reading below 50 indicating contraction. Economists had expected the Chicago business barometer to rise to 44.7.
RTTNews | 8h 51min ago
U.S. Economic Growth Unrevised At 2.8% In Third Quarter

U.S. Economic Growth Unrevised At 2.8% In Third Quarter

The jump by U.S. economic activity in the third quarter was unrevised compared to the previous estimate, according to a report released by the Commerce Department on Wednesday. The Commerce Department said gross domestic product surged by 2.8 percent in the third quarter, unchanged versus the "advance" estimate issued last month.
RTTNews | 9h 5min ago
U.S. Durable Goods Orders Rise 0.2% In October, Less Than Expected

U.S. Durable Goods Orders Rise 0.2% In October, Less Than Expected

The Commerce Department released a report on Wednesday showing new orders for U.S. manufactured durable goods increased by less than expected in the month of October. The report said durable goods orders crept up by 0.2 in October after falling by a revised 0.4 percent in September. Economists had expected durable goods orders to climb by 0.5 percent.
RTTNews | 9h 8min ago