CAC 40 Gains With Focus On Upcoming US Inflation Data
(RTTNews) - French stocks traded higher on Tuesday ahead of key U.S. inflation figures and earnings from AI darling Nvidia due later in the week.
On the political front, more talks will take place today after French President Emmanuel Macron refused to name a prime minister from the left-wing New Popular Front alliance (NFP), which won the most seats in last month's snap election.
The benchmark CAC 40 was up 33 points, or 0.4 percent, at 7,623 after edging up 0.2 percent in the previous session.
In corporate news, Technip Energies rose half a percent after securing the Front-End Engineering Design (FEED) contract from bp for the H2Teesside project in the North East of the United Kingdom.
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Eurozone Private Sector Activity Shrinks
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CAC 40 Climbs On Earnings
French stocks climbed on Thursday as upbeat earnings results outweighed signs of weakness in the economy.
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German Private Sector Downturn Eases In October
Germany's private sector downturn slowed marginally in October as output dropped at a slightly slower pace and business expectations picked up, the latest HCOB Purchasing Managers' survey compiled by S&P Global showed Thursday. The flash composite output index rose to 48.4 in October from September's seven-month low of 47.5. The score was also above forecast of 47.6.
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DAX Gains On Economic Optimism
German stocks traded higher on Thursday after a business survey showed German business activity contracted less steeply than the previous month in October.
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