CAC 40 Rises As Investors Focus On Fed's Policy Path

RTTNews | 806 дней спустя
CAC 40 Rises As Investors Focus On Fed's Policy Path

(RTTNews) - French stocks edged higher on Tuesday after a survey showed the country's unemployment rate fell slightly in the third quarter.

The ILO jobless rate slid to 7.3 percent, as expected, from 7.4 percent in the second quarter, statistical office INSEE reported. The number of unemployed decreased by 17,000 over the quarter and reached 2.3 million.

The benchmark CAC 40 was up 27 points, or 0.4 percent, at 6,636 after gaining 0.2 percent the previous day.

The dollar weakened in early European trade and Treasury yields dipped after Federal Reserve Vice Chair Lael Brainard indicated a slowdown in interest rate rises.

Call center company Teleperformance jumped nearly 6 percent after Citigroup upgraded its rating on the stock to "buy" from "neutral."

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European Economic News Preview: German GfK Consumer Confidence Due

European Economic News Preview: German GfK Consumer Confidence Due

Consumer confidence from Germany and monetary aggregates from the euro area are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the market research GfK publishes German consumer sentiment survey results. The forward-looking consumer sentiment index is expected to rise to -20.5 in February from -21.3 in January.
RTTNews | 5ч 5мин назад
Australia Inflation Softens In December

Australia Inflation Softens In December

Australia's consumer price inflation eased in December to the lowest since early 2021 on falling electricity and auto fuel prices, the Australian Bureau of Statistics reported Wednesday. Consumer prices logged an annual increase of 2.4 percent in the December quarter, following a 2.8 percent rise in the preceding period. This was the lowest rate since March 2021.
RTTNews | 5ч 17мин назад
Asian Markets Mostly Higher In Holiday Trade

Asian Markets Mostly Higher In Holiday Trade

Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, with most of the major markets in the region including China, Hong Kong, Singapore and South Korea closed for Lunar New Year holidays. Traders remain cautious ahead of the US Fed's interest rate decision later in the day. Asian markets closed mostly lower on Tuesday.
RTTNews | 7ч 14мин назад
Australian Market Extends Gains In Mid-market Moves

Australian Market Extends Gains In Mid-market Moves

The Australian stock market is extending its gains in mid-market trading on Wednesday, reversing the slight losses in the previous session, with the benchmark S&P/ASX 200 is moving well above the 8,450 level, following the broadly positive cues from Wall Street overnight, with gains across most sectors led by technology, energy and financial stocks.
RTTNews | 8ч 10мин назад
Sensex, Nifty Poised For Firm Opening

Sensex, Nifty Poised For Firm Opening

Indian shares are seen opening a tad higher on Wednesday, mirroring firm cues from global markets and amid hopes for a rate cut by the RBI next week.
RTTNews | 8ч 17мин назад
Australia Inflation Rises 0.2% On Quarter In Q4

Australia Inflation Rises 0.2% On Quarter In Q4

Consumer prices in Australia were up a seasonally adjusted 0.2 percent on quarter in the fourth quarter of 2024, the Australian Bureau of Statistics said on Wednesday - shy of forecasts for 0.3 percent but unchanged from the previous quarter.
RTTNews | 9ч 21мин назад