CAC 40 Edges Higher Ahead Of No-confidence Vote

RTTNews | 15h 30min ago
CAC 40 Edges Higher Ahead Of No-confidence Vote

(RTTNews) - French stocks rose slightly on Wednesday ahead of a crucial no-confidence vote by lawmakers in parliament against Prime Minister Michel Barnier's government over a budget dispute.

Barnier kept his hopes alive by expressing willingness to negotiate the budget with Marine Le Pen's far-right National Rally and other parties.

The benchmark CAC 40 was up 24 points, or 0.3 percent, at 7,280 after rising 0.3 percent in the previous session.

Banks traded higher, with BNP Paribas and Credit Agricole rising over 1 percent each.

Automaker Renault, which is enhancing its EV segment with an expansion into China, rallied 2.7 percent.

Sanofi SA edged down slightly after the company announced plans to invest around 1 billion euros ($1.05 billion) to build a new insulin production base in Beijing.

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Fed's Beige Book Says U.S. Economic Activity Rose Slightly

Fed's Beige Book Says U.S. Economic Activity Rose Slightly

Economic activity rose slightly in most Federal Reserve districts, according to the central bank's Beige Book, a compilation of anecdotal evidence on economic conditions in each of the twelve Fed districts. The Beige Book, released Wednesday afternoon, said three regions exhibited modest or moderate growth that offset flat or slightly declining activity in two others.
RTTNews | 5h 19min ago
Gold Futures Close Higher As Dollar Remains Weak

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RTTNews | 5h 20min ago
Swiss Market Close Moderately Lower

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RTTNews | 6h 16min ago
European Stocks Close Broadly Higher

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RTTNews | 6h 31min ago
U.S. Factory Orders Rise In Line With Estimates In October

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RTTNews | 8h 54min ago
U.S. Service Sector Growth Slows More Than Expected In November

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A report released by the Institute for Supply Management on Wednesday showed U.S. service sector growth slowed by more than anticipated in the month of November. The ISM said its services PMI fell to 52.1 in November from 56.0 in October. While a reading above 50 still indicates growth, economists had expected the index to show a much more modest decrease to 55.5.
RTTNews | 9h 13min ago
U.S. Private Sector Job Growth Falls Modestly Short Of Estimates In November

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A report released by payroll processor ADP on Wednesday showed private sector employment in the U.S. increased by slightly less than expected in the month of November. ADP said private sector employment climbed by 146,000 jobs in November after jumping by a downwardly revised 184,000 jobs in October.
RTTNews | 9h 45min ago