CAC 40 Rises As Inflation Fears Ease
(RTTNews) - French stocks advanced on Thursday after the minutes from the U.S. Federal Reserve's latest policy meeting revealed commitment among officials to fight record-high inflation.
Falling commodity prices, especially a drop in Brent crude futures below $100 a barrel, also helped ease investor concerns surrounding inflation and aggressive rate hikes by major central banks.
The benchmark CAC 40 climbed 80 points, or 1.4 percent, to 5,992 after adding 2 percent the previous day.
Economy-sensitive stocks were rising, with automaker Renault rallying 4.5 percent.
Electric utility EDF edged lower after saying that a search for a successor to EDF's Chairman and Chief Executive Jean-Bernard Lévy will be launched as his tenure will end on March 18, 2023.
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Euro Falls On Tariff Concerns
The euro dropped against its most major counterparts in the New York session on Wednesday on concerns that implementation of new tariffs by the incoming Donald Trump administration could lift inflation.
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5ч 15мин назад
U.S. Wholesale Inventories Dip 0.2% In November, In Line With Estimates
Wholesale inventories in the U.S. dipped in line with estimates in the month of November, the Commerce Department revealed in a report released on Wednesday. The Commerce Department said wholesale inventories slipped by 0.2 percent in November, matching the preliminary estimate as well as economists' expectations.
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8ч 7мин назад
U.S. Jobless Claims Unexpectedly Slip To Nearly Eleven-Month Low
With the more closely watched monthly jobs report looming, the Labor Department released a report on Wednesday unexpectedly showing another modest decrease by first-time claims for U.S. unemployment benefits in the week ended January 4th. The report said initial jobless claims slipped to 201,000, a decrease of 10,000 from the previous week's unrevised level of 211,000.
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8ч 46мин назад
U.S. Private Sector Job Growth Slows More Than Expected In December
Private sector employment in the U.S. increased by less than expected in the month of December, according to a report released by payroll processor ADP on Wednesday. The report said private sector employment rose by 122,000 jobs in December after climbing by 146,000 jobs in November. Economists had expected private sector employment to grow by 140,000 jobs.
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9ч 24мин назад
U.S. Weekly Jobless Claims Unexpectedly Dip To 201,000
With the more closely watched monthly jobs report looming, the Labor Department released a report on Wednesday unexpectedly showing another modest decrease by first-time claims for U.S. unemployment benefits in the week ended January 4th.
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9ч 52мин назад
Amazon's AWS To Invest At Least $11 Bln In Georgia For Cloud, AI Infrastructure
Amazon Web Services or AWS, affiliated to tech major Amazon.com Inc., announced its plan to invest at least $11 billion in the U.S. state of Georgia, aiming to expand infrastructure to support cloud computing and artificial intelligence technologies. The landmark investment in Butts and Douglas counties, which is expected to create at least 550 new high-skilled jobs, would enhance Georgia's...
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10ч 3мин назад
U.S. Private Sector Employment Climbs Less Than Expected In December
Private sector employment in the U.S. increased by less than expected in the month of December, according to a report released by payroll processor ADP on Wednesday.
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10ч 4мин назад
Eurozone Economic Sentiment Deteriorates Sharply
Euro area economic confidence deteriorated to the lowest in more than a year in December as the improvement in services sentiment was offset by weaker morale in industry, construction and among consumers. The economic sentiment index dropped more-than-expected to 93.7 in December from 95.6 in the previous month.
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10ч 51мин назад
