CAC 40 Edges Higher As Manufacturing Activity Improves

RTTNews | 826 days ago
Stocktwits
CAC 40 Edges Higher As Manufacturing Activity Improves

(RTTNews) - French stocks were seeing modest gains on Tuesday after a survey showed manufacturing activity in the country improved for the first time since August.

S&P Global's flash composite purchasing managers' index for January slipped to 49.0 points from 49.1 in December amid a decline in activity in the country's dominant services sector. However, the corresponding PMI for manufacturing rose to 50.8 points from 49.2.

The benchmark CAC 40 was up 17 points, or 0.3 percent, at 7,044 after rising half a percent the previous day.

Technip Energies N.V. edged up slightly. The engineering and technology firm has bagged a contract from Saudi Aramco to upgrade sulfur recovery facilities at Aramco's Riyadh oil refinery.

Industrial gas and services provider Air Liquide was little changed after signing a power purchase agreement with Enel Green Power for the long-term supply of renewable power to Sasol's Secunda site, in South Africa.

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Yen Rises Ahead Of BoJ Monetary Policy Meeting

Yen Rises Ahead Of BoJ Monetary Policy Meeting

The Japanese yen strengthened against other major currencies in the Asian session on Tuesday, as traders await the Bank of Japan (BoJ) monetary policy decision due this week.
RTTNews | 2h 4min ago
German Consumer Sentiment Set To Continue Recovery: GfK

German Consumer Sentiment Set To Continue Recovery: GfK

German consumer confidence is set to continue its recovery in May as trade tariff hikes by the US administration had a limited impact, a closely watched survey showed Tuesday. The forward-looking consumer sentiment index improved unexpectedly to -20.6 in May from revised -24.3 in the previous month.
RTTNews | 2h 5min ago
Commodity Currencies Rise Amid Risk-on Mood

Commodity Currencies Rise Amid Risk-on Mood

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Tuesday, as traders remain optimistic and keep a close eye on developments on the tariff front, with U.S. Treasury Secretary Scott Bessent reportedly said he believes an agreement in principle can reached on "17 or 18 important trade deals" the administration is currently negotiating.
RTTNews | 2h 45min ago
European Economic News Preview: Eurozone Economic Sentiment Due

European Economic News Preview: Eurozone Economic Sentiment Due

Economic sentiment and monetary aggregates from the euro area and consumer sentiment from Germany are the top economic news due on Tuesday. At 2.00 am ET, the market research group GfK publishes German consumer sentiment survey results. The confidence index is forecast to fall to -25.6 in May from -24.5 in April.
RTTNews | 3h 43min ago
NZ Dollar Advances Against Majors

NZ Dollar Advances Against Majors

The New Zealand dollar strengthened against most major currencies in the Asian session on Tuesday. The NZ dollar rose to a 4-day high of 0.5987 against the U.S. dollar, from yesterday's closing value of 0.5971.
RTTNews | 3h 54min ago
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