Main Quotes Calendar Forum
flag

FX.co ★ CAC 40 Gains As Industrial Output Extends Rebound

back back next
typeContent_19130:::2024-02-02T08:57:00

CAC 40 Gains As Industrial Output Extends Rebound

On Friday, French stocks saw an increase in value, just as the dollar and bond yields drew back in anticipation of the U.S. nonfarm payrolls survey results, set to be announced later in the day.

Earlier in the day, data from the statistical office INSEE revealed that France's industrial production growth had more than doubled in December. The industrial output had a growth rate of 1.1 percent on a monthly basis, compared to November's 0.5 percent. This increase came as a surprise as the growth rate was projected to go down to 0.2 percent due to the sluggish activity observed in the broader eurozone.

Moreover, the manufacturing output growth also increased, climbing to 1.2 percent from 0.2 percent a month ago.

On the same day, the benchmark CAC 40 grew by 27 points or 0.4 percent, reaching 7,615 after experiencing a 0.9 percent dip the previous day.

Share this article:
back back next
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...