CAC-40 Stays Firm Despite Spike In Inflation In The Region

RTTNews | 926 dagar sedan
CAC-40 Stays Firm Despite Spike In Inflation In The Region

(RTTNews) - France's CAC-40 continued to hold on to gains amidst data that showed the presence of high inflation in both the Euro area as well as the U.K. The positive sentiment generated by the earnings season as well as the U.K. government's reversal of fiscal plans outweighed anxiety over inflation and monetary policy tightening in the region.

The CAC-40 is currently trading at 6,089.59, up 0.37 percent from Tuesday's close. The day's trading has been between 6,109.97 and 6,045.84.

Total Energies which gained 1.11 percent is the most active scrip with a turnover of 49 million.

Railroads business Alstom gained 2.81 percent after it announced the signing of an agreement to supply ERTMS signaling system for central and southern Italy.

Publicis Groupe, the world's third-biggest advertising group added 2.7 percent in the day's trade following Tuesday's announcement that raised its full-year guidance for the second time this year. The company had also reported third quarter organic revenue growth ahead of expectations.

Veolia Environnement, AXA and Thales have all gained close to 1 percent.

Healthcare business Eurofins Scientific, software business Worldline and construction materials business Saint Gobain have all declined more than one percent.

The EUR/USD pair is at 0.9792, declining 0.61 percent overnight amidst the US Dollar Index strengthening 0.43 percent to 112.61.

The ten-year bond yield has increased 2.2 percent to 2.914 percent versus 2.851 percent on Thursday.

read more
U.S. Factory Orders Spike Slightly Less Than Expected In March

U.S. Factory Orders Spike Slightly Less Than Expected In March

The Commerce Department released a report on Friday showing a sharp increase by new orders for U.S. manufactured goods in the month of March. The report said factory orders spiked by 4.3 percent in March after rising by a downwardly revised 0.5 percent in February.
RTTNews | 54 minuter sedan
U.S. Employment Jumps By 177,000 Jobs In April, Much More Than Expected

U.S. Employment Jumps By 177,000 Jobs In April, Much More Than Expected

Job growth in the U.S. far exceeded economist estimates in the month of April, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 177,000 jobs in April compared to expectations for an increase of about 130,000 jobs.
RTTNews | 1h 49minuter sedan
Eurozone Inflation Remains Stable At 2.2%

Eurozone Inflation Remains Stable At 2.2%

Euro area annual inflation remained stable in April near the European Central Bank's 2 percent target, but the trade tariff uncertainty clouds the outlook. The harmonized index of consumer prices grew 2.2 percent on a yearly basis in April, the same pace of increase as seen in March, flash data from Eurostat showed on Friday. Prices were expected to climb at a slower pace of 2.1 percent.
RTTNews | 2h 13minuter sedan
Eurozone Manufacturing Activity Shrinks At Slower Pace

Eurozone Manufacturing Activity Shrinks At Slower Pace

Euro area factory activity contracted at a slower pace in April as production grew at the fastest pace in more than three years, final data of the purchasing managers' survey by S&P Global showed Friday. The HCOB manufacturing Purchasing Managers' Index rose to a 32-month high of 49.0 in April from 48.6 in March. The score was also above the flash estimate of 48.7.
RTTNews | 2h 25minuter sedan
Bay Street May Open Higher

Bay Street May Open Higher

The Canadian market is likely to open on a positive note on Friday, tracking firm European stocks amid easing concerns over U.S.-China trade tensions after Beijing stated its willingness to engage in tariff negotiations with the United States.
RTTNews | 2h 27minuter sedan
SharkNinja Recalls 1.85 Mln Pressure Cookers

SharkNinja Recalls 1.85 Mln Pressure Cookers

SharkNinja Operating LLC is recalling about 1.85 million units of Foodi Multi-Function Pressure Cookers citing risk of burn, and after 26 lawsuits were filed, according to the U.S. Consumer Product Safety Commission or CPSC. In addition, about 184,240 units were sold in Canada. The agency noted that the pressure-cooking lid can be opened during use, causing hot contents to escape.
RTTNews | 2h 54minuter sedan