CAC 40 Declines As Bond Yields Surge

RTTNews | Před 31 dny
CAC 40 Declines As Bond Yields Surge

(RTTNews) - French stocks tumbled on Tuesday as robust gains in March retail sales figures combined with upward revisions in the prior two months added to concerns about the outlook for U.S. interest rates.

Investors also pondered over a wider Middle East conflict. Israel is weighing possible response actions to Iran's aggression, but it is not clear if a decision has been made.

The benchmark CAC 40 was down 104 points, or 1.30 percent, at 7,941 after edging up 0.4 percent the previous day.

Amundi fell 1.5 percent. The subsidiary of banking major Credit Agricole SA and Victory Capital Holdings Inc., has signed a pact to combine Amundi US into Victory Capital.

Vallourec was down more than 2 percent. The steel tube products manufacturing company said it launched offering of $820 million Senior Notes due 2032.

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Swiss stocks turned in a fine performance on Friday, extending gains from the previous session, as some encouraging earnings updates and possibility of another rate cut from the Swiss National Bank helped underpin sentiment.
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Major European Markets Close Weak On Interest Rate Concerns

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U.S. Dollar Lower On Rate Cut Expectations

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U.S. Leading Economic Index Decreases More Than Expected In April

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Elon Musk Says Twitter's Official Rebranding As X Complete

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Bay Street Likely To Open Mixed

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Canadian shares may open on a mixed note Friday morning, and are likely to largely move in a tight band amid a lack of fresh triggers.
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China Industrial Output Gains Strength; Retail Sales & Investment Data Disappoints

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China's industrial growth accelerated in April driven by robust exports but softening growth in retail sales and fixed asset investment reflects an uneven economic recovery necessitating more efforts from the part of the government to achieve the official growth target. Industrial production registered an annual increase of 6.7 percent after rising 4.5 percent in March.
RTTNews | Před 9 h 53 min