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CAC 40 Slips On Growth Concerns

RTTNews | Před 857 dny

CAC 40 Slips On Growth Concerns

(RTTNews) - French stocks were moving lower in thin holiday trading on Friday after the World Health Organization (WHO) expressed concern over new surge in COVID-19 cases in China.

As infections surge in China, several countries including the United States, Italy and Japan, have announced plans to impose new testing rules on Chinese visitors.

Meanwhile, China has said criticism of its COVID statistics is groundless, and downplayed the risk of new variants, saying it expects mutations to be more infectious but less severe.

The benchmark CAC 40 slipped 40 points, or 0.6 percent, to 6.533 after rallying 1 percent the previous day.

Luxury firms such as LVMH, Kering and Hermes International fell around 1 percent each on concerns that surging COVID-19 cases in China would weigh on global growth.

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Pound Weakens In Cautious Trade

Pound Weakens In Cautious Trade

The pound dropped against its most major counterparts in the New York session on Monday amid renewed trade concerns, as President Donald Trump announced plans to impose a 100 percent tariff on movies produced in foreign countries.

RTTNews | Před 48 minutami

Swiss Market Ends Marginally Down After Choppy Session

Swiss Market Ends Marginally Down After Choppy Session

Despite staying positive for much of the day's trading session, the Switzerland market closed slightly weak on Monday with a few stocks turning weak past mid afternoon, as investors turned cautious amid a lack of prominent triggers.

RTTNews | Před 1 h 30 min

European Stocks Closed Mixed After Cautious Session

European Stocks Closed Mixed After Cautious Session

European stocks turned in a mixed performance on Monday with investors closely following developments on the trade front, and continuing to react to quarterly earnings updates from big name European companies.

RTTNews | Před 1 h 54 min

Canadian Stocks Largely Subdued In Cautious Trade

Canadian Stocks Largely Subdued In Cautious Trade

After a slightly weak start and a subsequent drop to lower levels, the Canadian market recovered some lost ground Monday morning, but still struggles to move any significantly above the flat line.

RTTNews | Před 2 h 24 min

U.S. Services Index Unexpectedly Increases In April

U.S. Services Index Unexpectedly Increases In April

A report released by the Institute for Supply Management on Monday showed an unexpected increase by its reading on U.S. service sector activity in the month of April. The ISM said its services PMI rose to 51.6 in April from 50.8 in March, with a reading above 50 indicating growth. Economists had expected the index to edge down to 50.6.

RTTNews | Před 4 h 9 min

Dollar Rallies Amidst Mixed Economic Data, Trade Deal Hopes

Dollar Rallies Amidst Mixed Economic Data, Trade Deal Hopes

The U.S. Dollar extended gains during the week ended May 2 in the backdrop of mixed economic data from the U.S.

RTTNews | Před 4 h 47 min

Australian Dollar Rises After PM Albanese's Win Election

Australian Dollar Rises After PM Albanese's Win Election

The Australian dollar strengthened against other major currencies in the late Asian session on Monday, after Australia's Prime Minister Anthony Albanese won a second three-year term in the 2025 Federal Election.

RTTNews | Před 5 h 48 min

Bay Street Seen Opening On Negative Note

Bay Street Seen Opening On Negative Note

Lower Canadian and U.S. futures amid concerns about fresh tariffs may send stock prices down the chart Monday morning. Also, uncertainty surrounding U.S.-China trade talks, and weak crude oil prices may also weigh on sentiment

RTTNews | Před 6 h 25 min

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