CAC 40 Edges Higher After Thursday's Selloff
(RTTNews) - French stocks eked out modest gains on Friday after falling sharply in the previous session on concerns over a worsening conflict in the Middle East.
The benchmark CAC 40 was up 29 points, or 0.4 percent, at 7,507 after tumbling 1.3 percent the previous day.
Alstom SA jumped 5.5 percent. The rolling stock manufacturer has reaffirmed its annual EBIT margin guidance of around 6.5 percent, an improvement of around 80bps from prior year, helped by volume and mix, and initiates to reduce costs.
Sanofi rose 1.3 percent after Italian pharma group Recordati S.p.A., agreed with the French company to acquire the global rights to Enjaymo, the only approved treatment for people with cold agglutinin disease.
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New York Manufacturing Index Unexpectedly Indicates Contraction In January
New York manufacturing activity unexpectedly declined in the month of January, according to a report released by the Federal Reserve Bank of New York on Wednesday. The New York Fed said its general business conditions index tumbled to a negative 12.6 in January from a positive 2.1 in December, with a negative reading indicating contraction.
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5j 32min yang lalu
U.S. Annual Core Consumer Price Growth Unexpectedly Slows In December
While the Labor Department released a closely watched report on Wednesday showing U.S. consumer prices increased by slightly more than expected in the month of December, the report also showed an unexpected slowdown by the annual rate of core consumer price growth.
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5j 47min yang lalu
Indonesia Unexpectedly Cuts Key Interest Rate To Boost Economic Growth
Indonesia's central bank unexpectedly lowered interest rates for the first time in five policy sessions, in a bid to boost the economic growth, citing the prospect of lower inflation this year and next.
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6j 17min yang lalu
New York Manufacturing Index Unexpectedly Turns Negative In January
New York manufacturing activity unexpectedly declined in the month of January, according to a report released by the Federal Reserve Bank of New York on Wednesday.
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6j 43min yang lalu
U.S. Consumer Prices Climb Slightly More Than Expected In December
Largely reflecting a surge by energy prices, the Labor Department released a report on Wednesday showing consumer prices in the U.S. increased by slightly more than expected in the month of December.
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6j 49min yang lalu
Slowing Inflation Strengthens Calls For Bank Of England Rate Cuts
The unexpected softening of UK consumer price inflation at the end of 2024 added expectations for more interest rate reductions by the Bank of England this year. The consumer price index registered an annual increase of 2.5 percent in December, weaker than the 2.6 percent gain in November, the Office for National Statistics said on Wednesday. The rate was expected to remain unchanged at 2.6 perc
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7j 7min yang lalu
Bay Street Looks Headed For Positive Start
Canadian shares are likely to open higher on Wednesday, tracking positive cues from European markets and firm commodity prices. U.S. consumer price inflation data, due before the opening bell, is likely to make a significant impact on investor mood.
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7j 12min yang lalu
German Economy Stuck In Recession
The German economy shrank for the second straight year in 2024 as the euro area struggles with global headwinds and the political and structural problems on the domestic front. Gross domestic product contracted 0.2 percent in 2024 after a 0.3 percent decline in 2023, Destatis reported Wednesday.
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8j 47min yang lalu
