CAC 40 Gains As Parties Begin Talks On Forming Government
(RTTNews) - French stocks eked out modest gains on Wednesday after French political leaders from the left-wing bloc said they intended to form a government.
However, centrists pointed out that should play a role as the left lacked a majority. The benchmark CAC 40 was up 25 points, or 0.3 percent, at 7,535 after losing 1.6 percent the previous day.
The dollar held firm following cautious but encouraging remarks on inflation by Federal Reserve Chair Jerome Powell the day before.
In corporate news, Vallourec, a tubular solutions provider, was little changed despite bagging a contract from TotalEnergies.
Banks were mostly higher, with BNP Paribas and Societe Generale posting modest gains.
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European Shares Decline Ahead Of Inflation Data
European stocks were slightly lower on Thursday as investors assessed the latest batch of earnings and awaited the closely watched preliminary euro zone inflation reading for clues to the ECB's rate trajectory.
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4h 22min ago
Asian Shares Decline Following BoJ Decision
Asian stocks ended broadly lower on Thursday as investors reacted to mixed earnings from U.S. technology companies and signals from the Bank of Japan that further rate rises were still on the horizon.
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4h 52min ago
Yen Rises After BoJ Keeps Key Rate Unchanged
The Japanese yen strengthened against other major currencies in the Asian session on Thursday, after the Bank of Japan left its key interest rate unchanged as widely expected on Thursday and retained a cautious approach as political instability and looming U.S. presidential election added concerns about economic outlook.
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5h 34min ago
Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
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6h 5min ago
European Economic News Preview: Eurozone Inflation, Unemployment Data Due
Inflation and unemployment from the euro area and retail sales from Germany are the top economic news due on Thursday. At 3.00 am ET, Destatis is scheduled to issue Germany's retail sales and import prices for September. Economists forecast retail sales to fall 0.7 percent on month in September.
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6h 31min ago
China Manufacturing Activity Expands For First Time In 6 Months
China's manufacturing activity expanded for the first time in six months in October, underpinned by strong domestic demand, official survey data revealed Thursday. The official manufacturing Purchasing Managers' Index rose to 50.1 in October from 49.8 in September, survey data from the National Bureau of Statistics showed. The score was seen unchanged at 49.8.
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6h 44min ago
Bank Of Japan Keeps Key Rate Unchanged
The Bank of Japan left its key interest rate unchanged as widely expected on Thursday and retained a cautious approach as political instability and looming US presidential election added concerns about economic outlook. In a unanimous vote, the Policy Board decided to maintain the uncollateralized overnight call rate to remain at around 0.25 percent. This was the highest since late 2008.
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7h 22min ago
European Shares Seen Lower With Focus On Earnings And US Election
European stocks may drift lower at open on Thursday as investors absorb another batch of mixed earnings results from megacap technology companies and await key U.S. inflation data for directional cues.
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7h 44min ago
