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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Canadian Market Remains Positive, Looks On Course For Another Firm Close
The Canadian market looks set to end on a firm note for the third consecutive session, with stocks from communications, real estate and industrial sectors recording strong gains.
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8h 52min ago
Swiss Market Ends Modestly Higher
After a positive start, Swiss stocks retreated and moved along the flat line right till the end of the day's trading session on Friday, as investors, returning to the market after New Year holidays, refrained from making significant moves.
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9h 50min ago
European Stocks Close Weak After Cautious Session
European stocks closed weak on Friday, retreating after scoring strong gains on the first session of Year 2024. Losses in automobile, luxury and travel sectors weighed on the markets on a day when investors largely stayed cautious, looking for directional clues.
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10h 11min ago
Australian Dollar Drops Against Most Majors
The Australian dollar fell against its most major counterparts in the New York session on Friday.
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10h 25min ago
Canadian Dollar Falls Against Majors
The Canadian dollar weakened against its major counterparts in the New York session on Friday.
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11h 27min ago
U.S. Manufacturing Index Indicates Modestly Slower Contraction In December
Manufacturing activity in the U.S. contracted at a slower rate in the month of December, according to a report released by the Institute for Supply Management on Friday. The ISM said its manufacturing PMI inched up to 49.3 in December from 48.4 in November, although a reading below 50 still indicates contraction. Economists had expected the index to come in unchanged.
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12h 50min ago
Tesla Stock Hit On First Decline In Annual Deliveries
Shares of Tesla, Inc. fell around 6.1 percent on Thursday's regular trading after the luxury electric vehicle maker reported a decline in annual deliveries for the first time. The company also reported weak production in the year and in the fourth quarter, while quarterly sales were higher. On the Nasdaq, Tesla stock moved 1.1 percent higher in the extended trading on Thursday.
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14h 42min ago
Bay Street Likely To Open On Mixed Note
Canadian shares are likely to open on a mixed note Friday morning, and may move in a tight range during much of the day's trading session as investors await directional clues.
Jobs data from Canada and the U.S., due during the later part of next week, may provide some clues about the interest rate moves of the Bank of Canada and the Federal Reserve.
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15h 38min ago
