CAC 40 Edges Higher As Manufacturing Activity Improves

RTTNews | 828 days ago
Stocktwits
CAC 40 Edges Higher As Manufacturing Activity Improves

(RTTNews) - French stocks were seeing modest gains on Tuesday after a survey showed manufacturing activity in the country improved for the first time since August.

S&P Global's flash composite purchasing managers' index for January slipped to 49.0 points from 49.1 in December amid a decline in activity in the country's dominant services sector. However, the corresponding PMI for manufacturing rose to 50.8 points from 49.2.

The benchmark CAC 40 was up 17 points, or 0.3 percent, at 7,044 after rising half a percent the previous day.

Technip Energies N.V. edged up slightly. The engineering and technology firm has bagged a contract from Saudi Aramco to upgrade sulfur recovery facilities at Aramco's Riyadh oil refinery.

Industrial gas and services provider Air Liquide was little changed after signing a power purchase agreement with Enel Green Power for the long-term supply of renewable power to Sasol's Secunda site, in South Africa.

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Yen Slides As Bank Of Japan Retains Rate As Expected

Yen Slides As Bank Of Japan Retains Rate As Expected

The Japanese yen weakened against other major currencies in the Asian session on Thursday, after the Bank of Japan left its interest rate unchanged for the second consecutive meeting and downgraded its growth projections citing trade tariff threats.
RTTNews | 2h 51min ago
Commodity Currencies Rise Amid Risk-on Mood

Commodity Currencies Rise Amid Risk-on Mood

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Thursday amid increased risk-on mood, as traders booked some profits after the recent upside in markets and a report showing the U.S. economy unexpectedly shrank in the first three months of 2025 generated some optimism about the outlook for interest rates.
RTTNews | 3h 6min ago
Yen Slides Against Majors

Yen Slides Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
RTTNews | 4h 16min ago
Bank Of Japan Retains Rate As Expected; Cuts Growth Outlook Amid Tariff Uncertainty

Bank Of Japan Retains Rate As Expected; Cuts Growth Outlook Amid Tariff Uncertainty

The Bank of Japan left its interest rate unchanged for the second consecutive meeting on Thursday, and downgraded its growth projections citing trade tariff threats. The policy board decided, by a unanimous vote, to hold the uncollateralized overnight call rate to remain at around 0.50 percent. This was the highest level since the global financial crisis in 2008.
RTTNews | 4h 16min ago
European Economic News Preview: UK Mortgage Approvals, Factory PMI Due

European Economic News Preview: UK Mortgage Approvals, Factory PMI Due

Mortgage approvals and final manufacturing Purchasing Managers' survey results from the UK are the major reports due on Thursday, while most of the European markets are closed for the Labor day holiday. At 2.30 am ET, Switzerland's Federal Statistical Office releases retail sales data for March. Sales are forecast o grow 1.9 percent on a yearly basis, following a 1.6 percent rise in February.
RTTNews | 4h 42min ago
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