CAC 40 Slides As Business Confidence Worsens
(RTTNews) - French stocks declined on Friday as robust U.S. economic data along with hawkish comments from another Fed official stoked concerns about sticky inflation and the Federal Reserve's rate path.
Meanwhile, the confidence among French manufacturers worsened unexpectedly in May and returned to below its long-term average, monthly data from the statistical office INSEE revealed earlier today.
The manufacturing sentiment index dropped to 99.0 in May from 100.0 in the previous month. Economists had expected confidence to remain stable at 100.0.
In addition, the index has gone back to its long-term average of 100.0. The latest score was the weakest in four months.
The benchmark CAC 40 was down 13 points, or 0.2 percent, at 8,089 after inching up by 0.1 percent on Thursday.
read more
Canadian Market Modestly Higher;BlackBerry Soars 15% On Results
Canadian stocks are modestly higher Thursday morning, led by gains in energy, real estate, materials and technology sectors. With the focus on U.S. PCE data, due on Friday, the mood in the market is somewhat cautious.
RTTNews
|
4 h 52 min atrás
U.S. Pending Home Sales Unexpectedly Slump 2.1% In May
Pending home sales in the U.S. unexpectedly saw a continued decrease in the month of May, the National Association of Realtors revealed in a report released on Thursday. NAR said its pending home sales index slumped by 2.1 percent to 70.8 in May after plunging by 7.7 percent to 72.3 in April. Economists had expected pending home sales to jump by 2.5 percent.
RTTNews
|
5 h 41 min atrás
U.S. Durable Goods Orders Unexpectedly Inch Higher In May
The Commerce Department released a report on Thursday showing new orders for U.S. manufactured durable goods unexpectedly crept higher in the month of May. The report said durable goods orders inched up by 0.1 percent in May after rising by a downwardly revised 0.2 percent in April. Economists had expected durable goods orders to slip by 0.1 percent.
RTTNews
|
6 h 5 min atrás
U.S. Jobless Claims Dip More Than Expected To 233,000
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits fell by more than expected in the week ended June 22nd. The Labor Department said initial jobless claims dropped to 233,000, a decrease of 6,000 from the previous week's revised level of 239,000. Economists had expected jobless claims to edge down to 236,000.
RTTNews
|
6 h 42 min atrás
Amazon Plans To Launch Discount Web Store: Reports
Amazon plans to launch a discount web store for selling low-cost apparel and other products directly shipped from warehouses in China, reports said citing a slide presentation in an invite-only meeting with Chinese merchants. The move is said to help the e-commerce giant meet growing competition from discount online platforms Temua, a unit of PDD Holdings Inc., as well as online fashion retailer
RTTNews
|
6 h 50 min atrás
Eurozone Money Supply, Private Sector Credit Rise In May
Eurozone broad money supply and private sector credit expanded in May but growth remained subdued, data from the European Central Bank showed on Thursday. The broad monetary aggregate M3 posted an annual increase of 1.6 percent after rising 1.3 percent in April. This was the fastest growth since March 2023 and also slightly exceeded expected growth of 1.5 percent.
RTTNews
|
6 h 58 min atrás
MDA Space Awarded $1 Bln Contract By Canadian Space Agency For Next Phases Of Canadarm3 Program
MDA Space Ltd. (MDA.TO) announced Thursday it has been awarded $1 billion from the Canadian Space Agency (CSA) for the next phases of the Canadarm3 program. The contract is expected to run until March 2030, and will be added to MDA's backlog in the second quarter of fiscal 2024.
RTTNews
|
7 h 12 min atrás
U.S. GDP Climbs Slightly More Than Previously Estimated In Q1
The U.S. economy grew by slightly more than previously estimated in the first quarter of 2024, according to a report released by the Commerce Department on Thursday.
RTTNews
|
7 h 43 min atrás
