CAC 40 Subdued On Hawkish ECB Comments

RTTNews | 798 dias atrás
CAC 40 Subdued On Hawkish ECB Comments

(RTTNews) - French stocks were marginally lower on Friday as trading resumes on Wall Street later in the day after a holiday the previous day for Thanksgiving.

The benchmark CAC 40 was down 2 points at 6,705 after closing 0.4 percent higher on Thursday.

The euro rose for the fourth straight day against the dollar after hawkish ECB comments. ECB's Executive Board member Isabel Schnabel said on Thursday that "incoming data so far suggest that the room for slowing down the pace of rate adjustments remains limited". Orange SA shares rose half a percent. The telecommunications company has concluded a long-term agreement with 1&1 AG for the provision of international roaming services for the 1&1 mobile network.

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DAX Advances, Hovers Around Record High

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German stocks are edging higher in cautious trade Friday morning with investors digesting the nation's retail sales and unemployment data, and looking ahead to the consumer price inflation report due later in the day.
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European Shares Extend Gains On ECB's Dovish Outlook

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European stocks hit new record highs on Friday, a day after the European Central Bank delivered a widely expected 25-basis point interest-rate cut and guided for a further reduction in March due to concerns about economic growth.
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The Japanese yen strengthened against other major currencies in the Asian session on Friday, as investor sentiment dropped on the sidelines after U.S. President Donald Trump announced that 25 percent tariffs on Canada and Mexico are coming on Saturday, although crude flows may be exempted from the levies.
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Flash consumer prices, retail sales and unemployment figures from Germany and house prices from the UK are the top economic news due on Friday. At 2.00 am ET, the UK Nationwide house price data is due. Economists forecast house prices to grow 4.3 percent on a yearly basis in January following a 4.7 percent rise in December.
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