CAC 40 Rallies As Inflation Worries Ease
(RTTNews) - French stocks rallied on Friday as investors pared back their inflation expectations.
As commodities extend declines on worries of a possible recession, investors are pinning hopes that inflation will start easing.
The benchmark CAC 40 jumped 76 points, or 1.3 percent, to 5,959 after losing 0.6 percent in the previous session.
Banks traded mixed, with Credit Agricole rising nearly 2 percent.
Automaker Renault fell over 1 percent as concerns over a global economic slowdown intensified.
Sanofi shares jumped 2.1 percent. The French drug major and GSK announced positive data from their vaccine trial which evaluated an adjuvanted bivalent D614 and Beta (B.1.351) vaccine candidate.
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U.S. Weekly Jobless Claims Unexpectedly Edge Down To 219,000
The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly edged slightly lower in the week ended December 21st.
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5h 26min ago
Sensex, Nifty End Lackluster Session Little Changed
Indian shares moved in a narrow range before ending on a flat note Thursday as trading resumed after a holiday for Christmas.
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8h 33min ago
NZ Dollar Slides Against Most Majors
The New Zealand dollar weakened against most major currencies in the European session on Thursday.
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8h 58min ago
Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the European session on Thursday.
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9h 13min ago
Asian Shares Mixed In Thin Holiday Trade
Asian stocks ended mixed in thin holiday trade on Thursday while regional currencies were mostly lower against a resilient dollar and elevated Treasury yields amid uncertainty about the Federal Reserve's interest-rate path and U.S. President-elect Donald Trump's tariff threats. Oil and gold clung to modest gains in Asian trade.
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10h 36min ago
Chinese Yuan Falls To More Than 1-year Low Against U.S. Dollar
The Chinese yuan weakened against the U.S. dollar in the Asian session on Thursday.
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12h 9min ago
European Markets Closed For Boxing Day Holiday
Major stock markets around the world remain closed today amid festive season.
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13h 33min ago
Sensex, Nifty Edge Higher In Cautious Trade
Indian shares were a tad higher on Thursday after U.S. shares kicked of their seasonal Santa Claus rally on Tuesday in thin pre-Christmas trade.
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14h 18min ago
