CAC 40 Edges Higher In Cautious Trade
(RTTNews) - French stocks were seeing modest gains on Thursday, after having suffered heavy losses the previous day on concerns that U.S. interest rates are likely to stay higher for longer.
The benchmark CAC 40 was up 22 points, or 0.3 percent, at 7,957 after tumbling 1.5 percent the previous day.
The dollar held steady near a two-week high following a two-day, 15-basis point jump above 4.6 percent for long-term Treasury yields.
Traders kept a close eye on the bond market to see if there's any further selloff.
VINCI rose about 1 percent. The concessions and construction company announced that it has received a new works contract worth A$159 million or approximately 96 million euros for Melbourne Airport in Australia.
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Pred 9 h 22 min
Dollar Turns In Mixed Performance Against Major Counterparts
The U.S. dollar turned in a sluggish performance on Friday with investors assessing the Federal Reserve's likely moves with regard to interest rate reductions in the wake of most recent economic data, and Fed Chair Jerome Powell's somewhat hawkish comments.
RTTNews
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Pred 9 h 38 min
Canadian Shares Notably Lower
The Canadian market is down in negative territory Friday afternoon with stocks from several sectors reeling under sustained selling pressure amid uncertainty about U.S. interest rate cuts after dovish comments from Fed Chair Jerome Powell.
RTTNews
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Pred 11 h 57 min
Swiss Market Ends Lower On Growth Concerns
Swiss stocks tumbled on Friday, weighed down data showing a slowdown in growth, and uncertainty about Fed interest rate cuts following hawkish comments by the central bank chair Jerome Powell.
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Pred 12 h 29 min
U.S. Dollar Strengthens After Strong Retail Sales Data
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Pred 13 h 6 min
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Pred 13 h 8 min
U.S. Business Inventories Inch Up Slightly Less Than Expected In September
With a jump by retail inventories partly offset by dips by manufacturing and wholesale inventories, the Commerce Department released a report on Friday showing U.S. business inventories crept up by slightly less than expected in the month of September. The Commerce Department said business inventories inched up by 0.1 percent in September after climbing by 0.3 percent in August.
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Pred 14 h 43 min
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With the effects of recent hurricanes and the since-resolved strike at Boeing (BA) continuing to weigh on growth, the Federal Reserve released a report on Friday showing U.S. industrial production decreased in line with economist estimates in the month of October.
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Pred 14 h 52 min
