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CAC 40 Gains On US Rate Cut Optimism

RTTNews | 197 days ago

CAC 40 Gains On US Rate Cut Optimism

(RTTNews) - French stocks were slightly higher on Monday as optimism over interest rate cuts returned to the fore, following weaker-than-expected U.S. jobs data released on Friday. Also helping underpin sentiment, the latest HCOB PMI data produced by S&P Global showed that the French services economy began the second quarter of 2023 in expansion territory.

The benchmark CAC 40 was up 21 points, or 0.3 percent, at 7,978 after rising half a percent on Friday.

In corporate news, Atos slumped 5.4 percent after announcing that it has received four distinct offers to help bail out the debt-laden IT company.

TotalEnergies rose about 1 percent as oil prices climbed amid rising tensions in Gaza and after Saudi Arabia hiked June crude prices for most regions.

Eutelsat dropped 1.4 percent. The satellite operator confirmed that it is analyzing options for its ground station network.

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U.S. Housing Starts Tumble 3.1% In October, More Than Expected

U.S. Housing Starts Tumble 3.1% In October, More Than Expected

New residential construction in the U.S. tumbled by more than expected in the month of October, according to a report released by the Commerce Department on Tuesday. The report said housing starts dove by 3.1 percent to an annual rate of 1.311 million in October after slumping by 1.9 percent to a revised rate of 1.353 million in September.

RTTNews | 5h 13min ago

U.S. Housing Starts Tumble More Than Expected In October

U.S. Housing Starts Tumble More Than Expected In October

New residential construction in the U.S. tumbled by more than expected in the month of October, according to a report released by the Commerce Department on Tuesday.

RTTNews | 6h 11min ago

Eurozone Inflation Rises To 2% As Estimated

Eurozone Inflation Rises To 2% As Estimated

Eurozone inflation returned to the 2 percent target in October, final data from Eurostat showed on Tuesday. The harmonized index of consumer prices climbed as initially estimated in October after rising 1.7 percent in September. Core inflation that excludes prices of energy, food, alcohol and tobacco, remained unchanged at 2.7 percent in October.

RTTNews | 6h 31min ago

Bay Street Seen Opening Lower On Geopolitical Concerns; Canadian Inflation Data In Focus

Bay Street Seen Opening Lower On Geopolitical Concerns; Canadian Inflation Data In Focus

Canadian shares look headed for a weak start on Tuesday amid rising geopolitical concerns after Russian President Vladimir Putin updated nuclear doctrine.

RTTNews | 6h 55min ago

Euro Slides Against Majors

Euro Slides Against Majors

The euro weakened against other major currencies in the European session on Tuesday, as traders are worried that protectionist policies by President-elected Donald Trump could disrupt the Eurozone's growth potential.

RTTNews | 7h 1min ago

FTSE 100 Slips As Geopolitics Weighs

FTSE 100 Slips As Geopolitics Weighs

The FTSE 100 benchmark of the London Stock Exchange aligned with the trend in European markets to trade in the red amidst a massive spike in geopolitical concerns. However, the index managed to outperform its European peers.

RTTNews | 7h 5min ago

European Stocks Tumble As Russia-Ukraine War Hurts Sentiment

European Stocks Tumble As Russia-Ukraine War Hurts Sentiment

European stocks are reeling under a bout of selling pressure on Tuesday following an escalation in the Russia - Ukraine war, and amid uncertainty about U.S. interest-rate trajectory and the outlook for global economic growth.

RTTNews | 7h 14min ago

Ukraine Conflict Drags Down CAC 40

Ukraine Conflict Drags Down CAC 40

Market sentiment remains heavily impacted by the heightened tensions between Ukraine and Russia over the past few days.

RTTNews | 7h 56min ago

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