CAC 40 Slides On Weak Data

RTTNews | Před 1146 dny
CAC 40 Slides On Weak Data

(RTTNews) - French stocks declined on Thursday after Federal Reserve Chair Jerome Powell said a soft landing for the economy is going to be very challenging and a recession is possible.

Adding to growth worries, France's business activity data for June came in weaker than forecast.

The June composite PMI flash figure which comprises the services and manufacturing sectors dropped to 52.8 points from 57.0 points in May, according to a S&P Global survey.

The benchmark CAC 40 fell 68 points, or 1.2 percent, to 5,848 after closing 0.8 percent lower in the previous session.

Air Liquide shares tumbled 2.2 percent. The company which supplies industrial gases and services to various industries and Germany's Siemens Energy have announced a joint venture for the series production of industrial scale renewable hydrogen electrolyzers in Europe.

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Euro Slides On Downbeat German Economic Sentiment Data

Euro Slides On Downbeat German Economic Sentiment Data

The euro weakened against other major currencies in the European session on Tuesday, after German economic confidence deteriorated sharply in August due to disappointing EU-US trade deal.
RTTNews | Před 46 minutami
CAC 40 Up Marginally In Cautious Trade

CAC 40 Up Marginally In Cautious Trade

The French market is slightly higher on Tuesday with stocks turning in a mixed performance as investors weigh the potential impact of tariffs. The decision of the U.S. government to extend its pause on higher tariffs for Chinese goods until November 10 is aiding sentiment a bit.
RTTNews | Před 54 minutami
Pound Rises On Upbeat U.K. Employment Data

Pound Rises On Upbeat U.K. Employment Data

The British pound strengthened against other major currencies in the European session on Tuesday, following the release of the upbeat United Kingdom (UK) labor market data for the three-months ending June.
RTTNews | Před 1 h 14 min
DAX Retreats After Positive Start, Down 0.3%

DAX Retreats After Positive Start, Down 0.3%

Despite opening on a positive note amid easing trade tensions, the German market is down in negative territory Tuesday afternoon, with investors turning cautious, looking ahead to U.S. consumer price inflation data due later in the day. Weak economic sentiment reading is also weighing on sentiment.
RTTNews | Před 1 h 28 min
Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Tuesday.
RTTNews | Před 1 h 34 min
Australia Trims Key Interest Rate For Third Time This Year; Cuts Growth Outlook

Australia Trims Key Interest Rate For Third Time This Year; Cuts Growth Outlook

The Reserve Bank of Australia reduced its benchmark interest rate by a quarter-point for the third time this year as underlying inflation continued to moderate, while economic growth outlook was lowered due to weaker-than-expected recovery in public demand. The board decided to trim the cash rate target by 25 basis points to 3.60 percent. The decision was unanimous.
RTTNews | Před 1 h 49 min