CAC 40 Dips With Rate-cut Bets Back In Focus
(RTTNews) - French stocks were subdued on Thursday as softer U.S. consumer inflation data brought Fed rate cuts back into focus.
Closer home, the European Central Bank is widely expected to start cutting interest rates from a record high in June, with economists expecting up to three rate cuts this year.
The benchmark CAC 40 was down 30 points, or 0.4 percent, at 8,209 after closing 0.2 percent higher in the previous session.
The dollar was on the back foot while U.S Treasury yields sank to six-week troughs ahead of speeches by several Federal Reserve officials later in the day.
Banks BNP Paribas, Credit Agricole and Societe Generale were down around half a percent each.
Automaker Renault was down 0.6 percent.
read more
TSX Ends Lower Again, Sheds About 1.7% In Week
Despite recovering from early lows, the Canadian market ended weak on Friday, hurt by losses in consumer staples and communications sectors.
RTTNews
|
7h 59phút trước
Dollar Rises To Near 7-year High
The U.S. dollar rose to a near 7-week high on Friday with traders betting on just one interest rate cut by the Federal Reserve this year.
RTTNews
|
8h 41phút trước
Canadian Market Remains Weak Despite Paring Some Early Losses
After a slightly weak start and a subsequent drop to lower levels, the Canadian market has recovered some lost ground on Friday with select stocks finding modest support.
RTTNews
|
12h 12phút trước
Swiss Market Ends Weak For 2nd Straight Day
The Switzerland market ended weak on Friday, extending losses from the previous session, amid political tensions in Europe, and continued uncertainty about interest rates.
RTTNews
|
12h 35phút trước
European Stocks Close Weak As Political Tensions, Rate Uncertainty Continue To Weigh
European stocks closed weak on Friday, with several major markets falling to multi-week or multi-month lows, amid uncertainty about interest rates, and political tensions in Europe.
RTTNews
|
12h 48phút trước
Pound Falls Amid Risk Aversion
The pound lost ground against its major counterparts on Friday, as European shares fell amid persistent concerns about the upcoming parliamentary elections in France.
RTTNews
|
14h 32phút trước
U.S. Consumer Sentiment Unexpectedly Drops To Seven-Month Low In June
The University of Michigan released preliminary data on Friday unexpectedly showing a continued deterioration in U.S. consumer sentiment in the month of June. The report said the consumer sentiment index fell to 65.6 in June after tumbling to 69.1 in May. Economists had expected the index to rebound to 72.0.
RTTNews
|
15h 27phút trước
U.S. Import Price Unexpectedly Decrease 0.4% In May
A report released by the Labor Department on Friday showed unexpected decreases by U.S. import and export prices in the month of May. The Labor Department said import prices fell by 0.4 percent in May following a 0.9 percent advance in April. Economists had expected import prices to inch up by 0.1 percent.
RTTNews
|
16h 16phút trước
