CAC 40 Little Changed Ahead Of ECB Meeting
(RTTNews) - French stocks held steady on Wednesday ahead of U.S. consumer inflation data due later in the day which could shed light on the size of a widely expected rate cut by the Federal Reserve at next week's policy meeting.
Focus was also on the European Central Bank (ECB), which is likely to reduce its own borrowing costs for the second time this year on Thursday.
The benchmark CAC 40 was marginally higher at 7,408 after declining 0.2 percent the previous day.
Drug maker Sanofi fell about 1 percent. The French company and its partner Regeneron have presented data from a phase 3 trial that could help push the megablockbuster across the finish line in the indication.
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U.S. Consumer Sentiment Edges Lower In January As Inflation Expectations Surge
Consumer sentiment in the U.S. has unexpectedly seen a modest deterioration in the month of January, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index edged down to 73.2 in January from 74.0 in December. Economists had expected the index to inch up to 74.5.
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5h 18min ago
U.S. Job Growth Far Exceeds Estimates In December
A closely watched report released by the Labor Department on Friday showed employment in the U.S. increased by much more than expected in the month of December. The Labor Department said non-farm payroll employment surged by 256,000 jobs in December after jumping by a downwardly revised 212,000 jobs in November. Economists had expected employment to climb by 160,000 jobs.
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6h 0min ago
U.S. Employment Surges Much More Than Expected In December
A closely watched report released by the Labor Department on Friday showed employment in the U.S. increased by much more than expected in the month of December.
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7h 8min ago
Higher Commodity Prices Point To Positive Start On Bay Street; Jobs Data In Focus
Higher crude oil prices and steady bullion market point to a positive start for Canadian stocks on Friday. However, the focus is on jobs data from Canada and the U.S., and any disappointment on that front could render the market a bit volatile.
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7h 55min ago
Swiss Franc Slides Against Majors
The Swiss franc weakened against other major currencies in the European session on Friday.
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10h 15min ago
Sensex, Nifty Extend Losses For Third Day; IT Stocks Climb After TCS Results
Indian shares ended slightly lower on Friday to extend their losing streak for a third day running due to concerns over a weakening rupee, rising oil prices and continued FII outflows amidst global uncertainties.
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10h 24min ago
FTSE 100 Down Marginally As Market Awaits U.S. Jobs Data
U.K.'s benchmark stock index FTSE 100 is down marginally Friday morning with stocks moving in a narrow range as investors largely refrain from making significant moves while awaiting the crucial U.S. jobs data due later in the day.
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10h 44min ago
CAC 40 Pares Modest Early Gains, Down Marginally In Cautious Trade
French stocks are turning in a mixed performance Friday morning with investors digesting the data on industrial production and consumer spending, and looking ahead to U.S. jobs data.
RTTNews
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11h 6min ago
