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CAC 40 Gains As Inflation Slows
(RTTNews) - French stocks advanced on Wednesday as data showed inflation in the country unexpectedly slowed in December from a record high in the previous month.
France's EU-harmonized inflation rate fell to 6.7 percent in December from 7.1 percent in November, INSEE said.
Meanwhile the final purchasing managers index (PMI) for France's services sector rose to 49.5 points in December, slightly up from 49.3 points in November.
The benchmark CAC 40 jumped 93 points, or 1.4 percent, to 6,712 after rising 0.4 percent on Tuesday.
Sanofi shares rose half a percent. The healthcare firm said it expects a boost from foreign exchange movements and flu vaccine sales in its fourth-quarterly results, due to be published next month.
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Pound Falls Against Most Majors
The pound fell against its most major counterparts in the New York session on Tuesday.
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1h 38min ago
Swiss Market Closes Modestly Higher
The Switzerland market ended modestly higher on Tuesday after holding firm right through the day's trading session. Reports that the U.S. would move to reduce the impact of duties imposed on foreign parts in domestically manufactured cars helped underpin sentiment.
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1h 52min ago
European Stocks Close Broadly Higher As Investors React To Earnings
European stocks closed broadly higher on Tuesday with investors reacting to a spate of corporate earnings announcements, and continuing to assess the U.S. Government's trade policy.
Reports that the U.S. President has proposed lower tariffs on auto parts for U.S.-produced vehicles helped keep investor sentiment positive.
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2h 12min ago
Canadian Market Up Marginally In Cautious Trade
Canadian stocks are swinging between gains and losses on Tuesday as investors make cautious moves, monitoring the developments on the tariff front, and reacting positively to the victory of Prime Minister Mark Carney's victory in the general election.
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3h 7min ago
Dollar Index Edges Up Amidst Trade Deal Uncertainty
The U.S. dollar recorded a mixed performance against major currencies during the week ended April 25 amidst continuing uncertainty in respect of U.S. trade policy and oscillating expectations about a trade deal, particularly with China.
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4h 17min ago
U.S. Consumer Confidence Slumps More Than Expected In April
Largely reflecting a significant deterioration by consumer expectations, the Conference Board released a report on Tuesday showing its U.S. consumer confidence index slumped by more than expected in the month of April. The Conference Board said its consumer confidence index plunged to 86.0 in April from an upwardly revised 93.9 in March.
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5h 5min ago
U.S. Job Openings Decrease More Than Expected In March
The Labor Department released a report on Tuesday showing job openings in the U.S. fell by more than expected in the month of March.
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5h 17min ago
Bay Street May Open Slightly Higher
Higher Canadian futures point to a slightly positive start on Bay Street Tuesday morning. The victory of Mark Carney in the Canadian general election and easing concerns about U.S. tariffs may also support the market. However, weak crude oil and gold prices may weigh on sentiment and limit market's upside.
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6h 53min ago
