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CAC 40 Recovers From Slide To Trade Flat
(RTTNews) - French stocks recovered from an early slide to trade on a flat note Wednesday, as U.S. stock futures traded marginally higher a day after the steepest fall on Wall Street in two years.
The benchmark CAC 40 was marginally higher at 6,246 after closing 1.4 percent lower on Tuesday.
A cautious undertone prevailed as hotter-than-expected U.S. inflation data boosted bets that the Federal Reserve will stay aggressive in raising rates.
The increase in CPI now paves the way for the U.S. Federal Reserve to raise rates by 75-100 basis points in its next monetary policy meeting scheduled for next Wednesday.
Nomura analysts have called for a full percentage hike in short-term interest rates, citing the emergence of upside inflation risks.
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U.S. Pending Home Sales Unexpectedly Spike 6.1% March
Partly reflecting a substantial increase in the South, the National Association of Realtors released a report on Wednesday showing an unexpected spike by pending home sales in the U.S. in the month of March. NAR said its pending home sales index surged by 6.1 percent to 76.5 in March after jumping by 2.1 percent to a revised to 72.1 in February.
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U.S. Consumer Prices Virtually Unchanged In March, In Line With Estimates
A closely watched report released by the Commerce Department on Wednesday showed U.S. consumer prices were virtually unchanged in the month of March. The Commerce Department said its personal consumption expenditures (PCE) price index edged down by less than a tenth of a percent in March after rising by an upwardly revised 0.4 percent in February.
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Chicago Business Barometer Drops More Than Expected In April
MNI Indicators released a report on Wednesday showing its reading on Chicago-area business activity fell by more than expected in the month of April.
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U.S. GDP Unexpectedly Dips In First Quarter As Imports Soar
The Commerce Department released a report on Wednesday showing the U.S. economy unexpectedly shrank in the first quarter of 2025. The report said real gross domestic product fell by 0.3 percent in the first quarter after surging by 2.4 percent in the fourth quarter of 2024. Economists had expected GDP to rise by 0.4 percent.
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1h 22min ago
U.S. Private Sector Job Growth Falls Well Short Of Expectations In April
Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by much less than expected in the month of April. ADP said private sector employment climbed by 62,000 jobs in April after surging by a downwardly revised 147,000 jobs in March.
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1h 46min ago
Eurozone GDP Growth Gains Strength In Q1
Euro area economic growth accelerated in the first quarter as exports may have benefited from higher demand from the U.S. ahead of the imposition of higher trade tariffs. The quarterly growth in gross domestic product doubled to 0.4 percent from 0.2 percent seen in the fourth quarter of 2024, preliminary flash estimates from Eurostat showed on Wednesday.
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1h 58min ago
U.S. GDP Unexpectedly Dips 0.3% In First Quarter
The Commerce Department released a report on Wednesday showing the U.S. economy unexpectedly shrank in the first quarter of 2025.
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2h 30min ago
Indian Rupee Rises On Trade-deal Hopes
The Indian rupee strengthened against the U.S. dollar in the European session on Wednesday, as investor mood was bolstered by trade-deal prospects and foreign fund inflows.
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2h 36min ago
