CAC 40 Climbs Ahead Of ECB Rate Decision

RTTNews | 6h 19min 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.

read more
European Shares Gain Before ECB Verdict

European Shares Gain Before ECB Verdict

European stocks traded higher on Thursday as investors digested a slew of earnings and awaited the European Central Bank's interest-rate decision.
RTTNews | 5h 43min ago
Eurozone Inflation Eases To 1.7% In September

Eurozone Inflation Eases To 1.7% In September

Eurozone inflation eased slightly more than initially estimated in September, raising expectations for a quarter point rate cut by the European Central Bank later today. The harmonized index of consumer prices posted an annual increase of 1.7 percent, which was revised down from 1.8 percent estimated on October 1, final data from Eurostat showed on Thursday.
RTTNews | 5h 45min ago
FTSE 100 Slightly Higher On Rate Cut Bets

FTSE 100 Slightly Higher On Rate Cut Bets

U.K. stocks were slightly higher on Thursday as signs of falling inflation spurred expectations that interest rates could be cut faster than previously thought.
RTTNews | 6h 3min ago
Staska Pharma Recalls Ascorbic Acid Solution For Injection

Staska Pharma Recalls Ascorbic Acid Solution For Injection

Staska Pharmaceuticals, Inc. is recalling one lot of Ascorbic Acid Solution for Injection (Preservative Free, Non-Corn) 500mg/mL, 50mL vials to the user level, according to the U.S. Food and Drug Administration. The recall was due to the presence of glass particulates in one lot of vials used in the production of the impacted batch.
RTTNews | 6h 22min ago
DAX Gains On Earnings

DAX Gains On Earnings

German stocks traded higher on Thursday as investors digested a slew of earnings and awaited an interest rate cut by the European Central Bank later in the day.
RTTNews | 6h 36min ago
Expedia Stock Climbs On Report Of Takeover Interest By Uber

Expedia Stock Climbs On Report Of Takeover Interest By Uber

Shares of Expedia Group Inc. gained more than 7 percent in after-hours trading on Wednesday and is currently up above 7 percent in pre-market activity on the Nasdaq after the Financial Times reported that ride-hailing major Uber Technologies Inc. has explored a possible takeover deal for the online travel company. Meanwhile, Uber fell nearly 2.7 percent in the extended trading,...
RTTNews | 6h 39min ago
Asian Shares Mixed As China Briefing Disappoints

Asian Shares Mixed As China Briefing Disappoints

Asian stocks ended mixed on Thursday, with Chinese and Hong Kong markets giving up early gains to end sharply lower after China announced supportive measures to prop up the country's troubled property sector, albeit on a small scale.
RTTNews | 6h 52min ago