CAC 40 Little Changed As China Data Disappoints
(RTTNews) - French stocks were little changed on Thursday after rising notably in the previous session on bets of a Federal Reserve rate cut in September.
Investors were reacting to a mixed set of economic activity data from China released earlier in the day.
China's industrial production slowed for a third straight month in July, unemployment rose, and home sales pointed to continued weakness in the property sector, while retail sales, a key proxy for consumer spending, ticked up slightly from a year -a slew of data revealed.
The benchmark CAC 40 was marginally higher after climbing 0.8 percent on Wednesday.
China-linked LVMH, Kering and Hermes International were little changed as underwhelming data boosted hopes for more stimulus.
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Gold Futures Settle Modestly Higher For The Session, Gain 1% In Week
Gold futures settled higher on Friday despite a slightly stronger dollar, as rising predictions of a Trump presidency as well as geopolitical tensions in the Middle East pushed up demand for the safe-haven yellow metal.
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5h 56min ago
Swiss Market Ends Slightly Higher
The Switzerland market ended slightly up on Friday after a choppy session as investors largely refrained from making significant moves due to a lack of triggers.
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6h 31min ago
Major European Markets Close Slightly Lower
European stocks closed slightly lower on Friday with investors largely reacting to quarterly earnings results, and assessing the outlook for growth in the wake of recent economic data.
Persisting worries about tensions in the Middle East and uncertainty about the outcome of the upcoming U.S. presidential election weighed a bit on stocks.
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6h 50min ago
Canadian Dollar Weakens In Cautious Trade
The Canadian dollar declined against its major counterparts in the New York session on Friday, as investors became cautious ahead of the U.S presidential election, jobs data and key tech earnings.
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7h 43min ago
Canadian Market Modestly Lower In Lackluster Trade
Canadian stocks are turning in a mixed performance on Friday with investors digesting a slew of Canadian earnings updates from the U.S. and Canada, as well as the latest batch of economic releases.
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7h 58min ago
U.S. Consumer Sentiment Unexpectedly Improves To Six-Month High In October
Consumer sentiment in the U.S. unexpectedly improved in the month of October, according to revised data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index for October was upwardly revised to 70.5 from a preliminary reading of 68.9. Economists had expected the index to be upwardly revised slightly to 69.0.
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10h 9min ago
U.S. Durable Goods Orders Fall More Than Expected As Aircraft Demand Slumps
Reflecting a continued slump by orders for transportation equipment, the Commerce Department released a report on Friday showing new orders for U.S. manufactured durable goods fell by more than expected in the month of September. The Commerce Department said durable goods orders slid by 0.8 percent in September, matching a revised decrease in August.
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10h 36min ago
European Stocks Turning In Mixed Performance In Cautious Trade
European stocks are turning in a mixed performance Friday afternoon with investors largely reacting to corporate earnings updates, the latest batch of regional economic data.
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10h 45min ago
