Business

CAC 40 has a higher edge in Chinese data

French stocks rose on Wednesday as investors supported positive trade from China.

China’s export growth accelerated unexpectedly in September, providing some relief to those concerned about the world’s second-largest slowdown. Economy..

With growing concerns about global high inflation, traders will wait for US consumer price data later that day in search of further directions.

Eurostat data released earlier that day show that industrial production in the euro area declined in August due to supply chain bottlenecks and slowing global trade.

Benchmark CAC 40 rose 18 points (0.3%) to 6,566 after falling 0.3% the day before.

Luxury maker LVMH saw a nearly 2% rise after announcing improved revenues in the third quarter, with a 40% intrinsic revenue growth for the brand as a whole compared to 2020.

Contact for comments and feedback: editorial@rttnews.com



CAC 40 has a higher edge in Chinese data

Source link CAC 40 has a higher edge in Chinese data

Back to top button