CAC 40 Gains Ahead Of Key Inflation Data

RTTNews | vor 32 Tagen
CAC 40 Gains Ahead Of Key Inflation Data

(RTTNews) - French stocks traded slightly higher on Monday ahead of key inflation data from the United States and Europe, due later this week.

Euro zone May consumer prices data for May could provide additional clues on whether the European Central Bank will cut interest rates next week.

The release of the Fed's preferred inflation gauge on Friday could help traders access the timing and pace of Fed rate cuts this year.

The benchmark CAC 40 was up 14 points, or 0.2 percent, at 8,108 after ending marginally lower on Friday.

In corporate news, Alstom shares soared 5.2 percent.

The multinational company specializing in the manufacture of rail transport equipment and systems has launched a share capital increase with preferential subscription rights for an amount of about 1 billion euros, thus executing the final step of the announced 2 billion euros deleveraging plan.

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Canadian Stocks Turning In Mixed Performance

Canadian Stocks Turning In Mixed Performance

Canadian stocks are turning in a mixed performance on Friday with investors digesting the nation's GDP data, and the Personal Consumption Expenditure report from the U.S.
RTTNews | vor 4Std 43 Minuten
U.S. Dollar Slides After PCE Inflation Data

U.S. Dollar Slides After PCE Inflation Data

The U.S. dollar declined against its major counterparts in the New York session on Friday, as PCE inflation data came in line with economist estimates in May.
RTTNews | vor 6Std 9 Minuten
German Unemployment Rises More Than Forecast

German Unemployment Rises More Than Forecast

Joblessness in German grew more than expected in June and the unemployment rate edged up, preliminary figures from the Federal Labor Agency showed Friday. The seasonally adjusted unemployment grew by 19,000 persons in June following a 25,000 increase in May. Economists had forecast a rise of 15,000.
RTTNews | vor 6Std 11 Minuten
U.S. Consumer Sentiment Deteriorates Much Less Than Previously Estimated In June

U.S. Consumer Sentiment Deteriorates Much Less Than Previously Estimated In June

Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. deteriorated by much less than previously estimated in the month of June. The University of Michigan said the consumer sentiment index for June was upwardly revised to 68.2 from the preliminary reading of 65.6.
RTTNews | vor 6Std 38 Minuten
Chicago Business Barometer Rebounds Much More Than Expected In June

Chicago Business Barometer Rebounds Much More Than Expected In June

A report released by MNI Indicators on Friday showed a substantial slowdown in the pace of contraction in Chicago-area business activity in the month of June. MNI Indicators said its Chicago business barometer surged to 47.4 in June from 35.4 in May, although a reading below 50 still indicates contraction. Economists had expected the business barometer to climb to 40.0.
RTTNews | vor 7Std 2 Minuten
U.S. Consumer Price Inflation Data In Line With Estimates In May

U.S. Consumer Price Inflation Data In Line With Estimates In May

The Commerce Department released closely watched consumer price inflation data on Friday, with the readings for the month of May coming in line with economist estimates. The report said the personal consumption expenditures (PCE) price index came in unchanged in May after rising by 0.3 percent in April. The unchanged reading matched expectations.
RTTNews | vor 7Std 16 Minuten