French stocks advanced on Friday as strong U.S. GDP growth and signs of cooling inflation paved the way for the Federal Reserve to cut interest rates soon. Earlier this week, a former Fed hawk said waiting for September to cut rates \"unnecessarily increases the risk\" of recession. The benchmark CAC 40 rose 67 points, or...
The University of Michigan released revised data on Friday showing consumer sentiment in the U.S. deteriorated by slightly less than previously estimated in the month of July. The report said the consumer sentiment index for July was upwardly revised to 66.4 from the preliminary reading of 66.0. Economists had expected the reading to be unrevised....
Canadian stocks are up in positive territory around noon on Friday, tracking firm U.S. stocks after a closely watched inflation data from the Commerce Department has added to confidence about an interest rate cut by the Federal Reserve in September. Technology stocks are up, bouncing back from recent losses. Healthcare, real estate, industrials, financials and...
The South Korea stock market has moved lower in two straight sessions, tumbling almost 65 points or 2.3 percent along the way. The KOSPI now sits just above the 2,710-point plateau and it may tick lower again on Friday. The global forecast for the Asian markets is mixed ahead of more earnings news and economic...
The Malaysia stock market has finished lower in two straight sessions, slumping almost 15 points or 1 percent in that span. The Kuala Lumpur Composite Index now rests just above the 1,615-point plateau and it\'s tipped to open in the red again on Friday. The global forecast for the Asian markets is mixed ahead of...
U.K. stocks traded higher on Friday after strong U.S. GDP data boosted hopes of a soft landing for the world\'s largest economy. The benchmark FTSE 100 was up 59 points, or 0.7 percent, at 8,245 after gaining 0.4 percent in the previous session. Lender NatWest jumped 7 percent after lifting its full-year revenue forecast. AstraZeneca...
France\'s consumer confidence improved slightly in July ahead of Olympic Games, survey results from the statistical office INSEE showed on Friday. The consumer confidence index climbed to 91 in July from revised 90 in June. The index remained below its long-term average. The score was forecast to rise to 90 from June\'s initially estimated value...
European stocks were broadly higher on Friday after strong U.S. GDP data boosted hopes of a soft landing for the world\'s largest economy and paved the way for the Federal Reserve to cut interest rates soon. Earlier this week, a former Fed hawk said waiting for September to cut rates \"unnecessarily increases the risk\" of...
Eurozone consumers\' inflation expectations remained stable in July, the latest consumer expectations survey published by the European Central Bank showed on Friday. Inflation expectations for the coming year was steady at 2.8 percent after having fallen in May to their lowest level since September 2021. Inflation expectations for the next three years also remained unchanged...
Indian shares rallied on Friday after falling for five consecutive sessions. Firm global cues helped boost sentiment after data showed the U.S. economy expanded faster than expected and inflation slowed in the second quarter, suggesting a soft landing is in sight for the world\'s largest economy. Markets have raised their expectations for three rate cuts...