CAC 40 Gains With Focus On Upcoming US Inflation Data
(RTTNews) - French stocks traded higher on Tuesday ahead of key U.S. inflation figures and earnings from AI darling Nvidia due later in the week.
On the political front, more talks will take place today after French President Emmanuel Macron refused to name a prime minister from the left-wing New Popular Front alliance (NFP), which won the most seats in last month's snap election.
The benchmark CAC 40 was up 33 points, or 0.4 percent, at 7,623 after edging up 0.2 percent in the previous session.
In corporate news, Technip Energies rose half a percent after securing the Front-End Engineering Design (FEED) contract from bp for the H2Teesside project in the North East of the United Kingdom.
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CAC 40 Climbs On Earnings
French stocks climbed on Thursday as upbeat earnings results outweighed signs of weakness in the economy.
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4h 19min ago
German Private Sector Downturn Eases In October
Germany's private sector downturn slowed marginally in October as output dropped at a slightly slower pace and business expectations picked up, the latest HCOB Purchasing Managers' survey compiled by S&P Global showed Thursday. The flash composite output index rose to 48.4 in October from September's seven-month low of 47.5. The score was also above forecast of 47.6.
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4h 25min ago
DAX Gains On Economic Optimism
German stocks traded higher on Thursday after a business survey showed German business activity contracted less steeply than the previous month in October.
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4h 37min ago
Asian Shares Mostly Lower On US Election Uncertainty
Asian stocks ended mostly lower on Thursday as rising yields on uncertainty over the U.S. election outcome weighed on the tech sector. Tesla's forecast-beating earnings provided some comfort for investors, helping limit regional losses.
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4h 53min ago
French Manufacturing Sentiment Deteriorates In October
France's manufacturing confidence weakened sharply in October, survey data from the statistical office INSEE showed on Thursday. The business climate index fell to 92 in October from 99 in September. The score deviated sharply from its long-term average of 100. Moreover, excluding the COVID-19 pandemic period, this was the biggest monthly fall since November 2008.
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5h 20min ago
Pound Falls Against Majors
The British pound weakened against other major currencies in the Asian session on Thursday.
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7h 0min ago
European Shares Seen Broadly Lower; FTSE 100 May See Firm Start
European stocks are seen opening broadly lower on Thursday even as U.K. markets may open on a firm note following declines for four straight sessions.
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7h 48min ago
Japan Private Sector Contracts For First Time In 4 Months
Japan's private sector fell into the contraction zone for the first time in four months in October, the Purchasing Managers' survey compiled by S&P Global showed on Thursday. The au Jibun Bank flash composite output index posted 49.4 compared to 52.0 in the previous month. A score below 50 suggests contraction. Both manufacturing and services shrank in October due to a muted economy.
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8h 14min ago
