CAC 40 Edges Higher On China Hopes

RTTNews | 794 days ago
CAC 40 Edges Higher On China Hopes

(RTTNews) - French stocks edged higher on Tuesday after Beijing rolled out more stimulus measures and speculation mounted that the Chinese government was considering the scaling back of its anti-COVID policies following countrywide protests over the weekend.

According to a press briefing, China's health authorities today released a plan to boost vaccinations for elderly people and said they are "closely watching" the virus as it evolves and mutates.

A publicity campaign will be launched to fight vaccine hesitancy among the aged, promoting the benefits of vaccines in staving off severe illness and death, the National Health Commission said.

The benchmark CAC 40 was up 23 points, or 0.4 percent, at 6,688 after closing 0.7 percent lower the previous day.

read more
France Inflation Rises To 5-Month High

France Inflation Rises To 5-Month High

French inflation accelerated to a five-month high in January largely on energy and manufactured product prices, provisional data from the statistical office INSEE showed Friday. Consumer prices registered an annual increase of 1.4 percent in January, following December's 1.3 percent rise.
RTTNews | 5h 7min ago
FTSE 100 Hits Fresh Record High

FTSE 100 Hits Fresh Record High

U.K. stocks are up in positive territory Friday morning, and the benchmark FTSE 100 looks set to end the month with a strong gain, as the mood remains a bit bullish amid optimism about more monetary easing by central banks in the coming months.
RTTNews | 6h 14min ago
German Unemployment Rises Marginally

German Unemployment Rises Marginally

Germany's unemployment rose slightly and job vacancies decreased in January as the manufacturing sector faces severe downturn, official data revealed on Friday. The number of people out of work increased by 11,000 in January after rising 10,000 in December, the Federal Employment Agency said. Unemployment was expected to increase more sharply by 14,000.
RTTNews | 6h 41min ago
CAC 40 Modestly Higher After Inflation Data

CAC 40 Modestly Higher After Inflation Data

French stocks are up in positive territory Friday morning, as investors continue to cheer the European Central Bank's rate cut decision and the dovish remarks suggesting the possibility of more monetary easing in the coming months.
RTTNews | 6h 58min ago
UK House Price Growth Slows More Than Forecast

UK House Price Growth Slows More Than Forecast

UK house prices growth slowed more than expected in January largely reflecting high mortgage rates, data published by the Nationwide Building Society showed on Friday. House prices gained only 0.1 percent in January. This follows a 0.7 percent increase in December and also came in weaker than economists' forecast of 0.3 percent.
RTTNews | 7h 54min ago
DAX Advances, Hovers Around Record High

DAX Advances, Hovers Around Record High

German stocks are edging higher in cautious trade Friday morning with investors digesting the nation's retail sales and unemployment data, and looking ahead to the consumer price inflation report due later in the day.
RTTNews | 7h 56min ago