CAC 40 Slides As Yields Extend Climb

RTTNews | Před 683 dny
CAC 40 Slides As Yields Extend Climb

(RTTNews) - French stocks declined on Friday, with a surge in U.S. bond yields and escalating Middle East tensions keeping investors nervous.

The U.S. 10-year Treasury yield briefly reached 5 percent for the first time since 2007 and oil prices climbed above $93 a barrel, stoking fresh concerns about inflation, interest rates and economic growth.

The benchmark CAC 40 was down 45 points, or 0.7 percent, at 6,876 after closing 0.6 percent lower on Thursday.

Media conglomerate Vivendi rose nearly 3 percent after its third-quarter revenues grew 2.5 percent to 2.43 billion euros from last year's 2.37 billion euros.

Ophthalmic company EssilorLuxottica edged ups slightly. The company's third-quarter total revenue declined 1.6 percent to 6.29 billion euros from last year's 6.39 billion euros. Revenues, however, grew 5.2 percent on a constant currency basis.

Beauty company L'Oreal fell about 1 percent after third-quarter sales came in below estimates.

read more
U.S. Construction Spending Unexpectedly Edges Lower In July

U.S. Construction Spending Unexpectedly Edges Lower In July

A report released by the Commerce Department on Tuesday showed construction spending in the U.S. unexpectedly edged slightly lower in the month of July. The Commerce Department said construction spending slipped by 0.1 percent to an annual rate of $2.139 trillion in July after falling by 0.4 to a revised rate of $2.141 trillion in June.
RTTNews | Před 1 h 32 min
Domino's Launches Two New Delectable Bread Bites Flavors

Domino's Launches Two New Delectable Bread Bites Flavors

Domino's Pizza, the largest pizza company in the world, announced the launch of two new Bread Bite flavors: Cinnamon and Garlic, to join Domino's Parmesan Bread Bites, adding to its line of oven-baked mouthwatering options for customers to enjoy.
RTTNews | Před 1 h 45 min
U.S. Manufacturing Index Inches Up In Line With Estimates In August

U.S. Manufacturing Index Inches Up In Line With Estimates In August

The Institute for Supply Management released a report on Tuesday showing a slight increase by its reading on U.S. manufacturing activity in the month of August, although the index still indicated the sixth consecutive month of contraction.
RTTNews | Před 1 h 47 min
CAC 40 Slips Amidst Fiscal Concerns

CAC 40 Slips Amidst Fiscal Concerns

A renewed focus on the fiscal situation in France dampened sentiment for the CAC 40 benchmark that tracks the 40 largest French stocks based on the Euronext Paris.
RTTNews | Před 3 h 42 min
DAX Dips As Inflation Spike Hurts Sentiment

DAX Dips As Inflation Spike Hurts Sentiment

The DAX benchmark that tracks the performance of the 40 largest companies listed on the Frankfurt Stock Exchange is trading deep in the red amidst a higher-than-expected level of inflation reading from Euro Area.
RTTNews | Před 4 h 44 min
Pound Slides After UK Starmer's Reshuffle

Pound Slides After UK Starmer's Reshuffle

The British pound weakened against other major currencies in the European session on Tuesday, amid rising concerns about the UK government's ability to maintain fiscal discipline. In order to meet her fiscal goals, Chancellor Rachel Reeves is anticipated to increase taxes in her autumn budget, which could likely weigh on economy.
RTTNews | Před 5 h 53 min