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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Bay Street May Open Higher On Firm Metal Prices; GDP Data In Focus
Canadian shares may open higher on Friday with materials stocks set to ride on strong gold and silver prices. Data on Canadian GDP data for the third quarter is due out at 8:30 AM ET.
As the U.S. market will close early today, volume of business on Bay Street will be thin for a second straight day.
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5h 18min ago
German Unemployment Rises Less Than Forecast
German unemployment increased less than expected in November despite companies reporting job cuts, figures from the Federal Employment Agency revealed Friday. The jobless rate came in at 6.1 percent, the same as in September and October. Also, the rate matched expectations. The number of people out of work increased only 7,000 after rising 26,000 in the previous month.
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5h 48min ago
French GDP Growth Accelerates; Inflation Rises Marginally
The French economic growth accelerated as estimated in the third quarter on the Paris Olympic and Paralympic Games and inflation rose only marginally in November, official data revealed on Friday. Gross domestic product logged a quarterly growth of 0.4 percent in the third quarter, which was unchanged from the previous estimate, the statistical office INSEE reported. This follows a 0.2 percent ri
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7h 10min ago
Sensex, Nifty Rebound Sharply; Airtel And Pharma Stocks Top Gainers
Indian shares rebounded on Friday, after having seen steep declines the previous day on account of F&O expiry.
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7h 16min ago
European Shares Muted Ahead Of Key Inflation Reading
European stocks slipped into the red on Friday ahead of the release of flash euro zone inflation data for November, due later in the day.
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8h 18min ago
FTSE 100 Muted In Cautious Trade
U.K. stocks were muted on Friday ahead of the release of euro zone inflation data later in the day.
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8h 29min ago
CAC 40 Subdued On Budget Worries
French stocks traded lower on Friday, a day after the country's borrowing costs rose above those of Greece for the first time amid ongoing issues in politics and a weakening economy.
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8h 42min ago
DAX Slips As Retail Sales Disappoint
German stocks traded lower on Friday after data showed retail sales in the country fell more than expected in October, falling 1.5 percent month-on-month.
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8h 53min ago
