CAC 40 Gains Ahead Of Upcoming ECB And Fed Meetings

RTTNews | 123 days ago
CAC 40 Gains Ahead Of Upcoming ECB And Fed Meetings

(RTTNews) - French stocks advanced on Monday after U.S. Treasury Secretary Janet Yellen said that the U.S. economy remains strong and that recent months of cooler jobs data is a signal of a soft landing, not a recession.

The focus now shifts to the August inflation data due this week and the Federal Reserve's policy meeting on September 17 and September 18.

The U.S. Labour Department will release the consumer price index early Wednesday and the producer price index before Thursday's open. Tame readings could give policymakers ammo for making a 50-bps rate cut on Sept. 18.

Closer home, the governing council of the European Central Bank will meet on Thursday and it its widely expected that the board will reduce interest rates for the second time this year.

The benchmark CAC 40 was up 38 points, or half a percent, at 7,390 after declining 1.1 percent on Friday.

read more
Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against major currencies in the Asian session on Friday.
RTTNews | 5h 13min ago
Macy's To Close 66 Stores Under 'Bold New Chapter' Strategy

Macy's To Close 66 Stores Under 'Bold New Chapter' Strategy

Department store chain Macy's Inc. is closing 66 Macy's non-go-forward store locations in 2025, as part of its strategic plan, called "A Bold New Chapter", aiming to return to sustainable, profitable sales growth. The move comes after the Omni-channel fashion retailer, which owns Macy's, Bloomingdale's and Bluemercury brands, slashed its fiscal 2024 adjusted earnings guidance in early December.
RTTNews | 5h 37min ago
European Economic News Preview: France Industrial Output, Consumer Spending Due

European Economic News Preview: France Industrial Output, Consumer Spending Due

Industrial production and consumer spending from France and retail sales from Italy are due on Friday, headlining a light day for the European economic news. At 1.45 am ET, the State Secretariat for Economic Affairs releases Swiss unemployment data for December. The jobless rate is forecast to rise to 2.7 percent from 2.6 percent in the previous month.
RTTNews | 6h 5min ago
Asian Markets Mixed Amid Cautious Trades

Asian Markets Mixed Amid Cautious Trades

Asian stock markets are trading mixed on Friday, following the mixed cues from European markets and lack of cues from Wall Street overnight as they were closed, as traders are cautious ahead of the release of the closely watched US monthly jobs later in the day, which will potentially provide additional clarity about the strength of the labor market and the outlook for interest rate cuts.
RTTNews | 9h 15min ago
Australian Market Maintains Early Losses In Mid-market

Australian Market Maintains Early Losses In Mid-market

The Australian stock market is maintain its early losses in mid-market trading on Friday, also adding to the losses in the previous session, following the mixed cues from European markets and lack of cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,300 level, with weakness in financial, energy and technology stocks partially offset by gains in mining stocks.
RTTNews | 9h 49min ago