CAC 40 Holds Steady In Cautious Trade
(RTTNews) - French stocks held steady on Monday as investors awaited cues from the FOMC meeting minutes along with speeches by Fed Chair Jerome Powell and other Fed speakers this week for additional clues on the rate trajectory.
The dollar began the week on a weak note after a couple of Fed officials said its time to adjust borrowing costs.
Closer home, flash Purchasing Managers' Index (PMI) data for France, Germany, Britain, and the Eurozone will be in focus later in the week. The benchmark CAC 40 was marginally higher at 7,452 after adding 0.4 percent on Friday. Power cable supplier Nexans tumbled 3.6 percent after Goldman Sachs cut its rating on the stock.
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Pound Rises Against Majors
The British pound weakened against other major currencies in the European session on Friday.
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4g 9 minut temu
Earning Updates Fail To Boost CAC 40
Corporate earnings updates from France failed to lift the CAC-40 benchmark above the flatline on Friday.
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4g 21 minut temu
DAX Positive Amidst Boost In Business Climate
A more-than-expected increase in the Business Climate indicator and positive earnings updates from the corporate sector helped the DAX benchmark record positive performance in the day's trading.
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4g 56 minut temu
Microsoft CEO Satya Nadella Gets $79.1 Mln Pay In 2024, Up 63%
Microsoft Corp.'s Chairman and Chief Executive Officer Satya Nadella received a pay raise of around 63% in fiscal 2024, with most of the package being in the shares of the tech major. Meanwhile, the cash incentive was more than 50 percent lower than Nadella would have been awarded, following his request for a reduction amid recent security issues.
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5g 13 minut temu
Eurozone Bank Lending Growth Improves In September
Eurozone bank lending growth improved moderately in September as interest rates started to ease, data published by the European Central Bank showed on Friday. The adjusted loans to the private sector rose 1.6 percent compared with 1.5 percent in August. Claims on the private sector posted a steady annual growth of 1.2 percent in September.
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5g 24 minut temu
Mixed Trend In Asian Markets
Equity markets in Asia traded on a mixed note ahead of elections in Japan over the weekend and uncertainty over the impact on Bank of Japan's monetary policy stance.
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6g 1 minut temu
German Business Confidence Improves For First Time In 5 Months
German business confidence improved for the first time in five months in October but remained at a low level suggesting weaker economic activity, survey results from the ifo Institute showed Friday. The business climate index climbed to 86.5 in October from 85.4 in the previous month. The score was forecast to rise to 85.6. This was the first rise in five months.
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6g 6 minut temu
Tokyo Inflation Falls Below 2%
Inflation in Japan's capital Tokyo fell below 2 percent for the first time since May, data from the Ministry of Internal Affairs and Communications showed Friday. Excluding fresh food, consumer price inflation weakened to 1.8 percent in October from 2.0 percent in September. Inflation was seen at 1.7 percent. The rate fell below 2.0 percent for the first time in five months.
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8g 18 minut temu
