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CAC 40 Slips On Recession Worries

RTTNews | Před 927 dny

CAC 40 Slips On Recession Worries

(RTTNews) - French stocks fell sharply on Friday as concerns over inflation and recession overshadowed a slew of positive earnings updates.

The benchmark CAC 40 fell 94 points, or 1.5 percent, to 5,992 after climbing 0.8 percent the previous day.

Cosmetics group L'Oreal slumped 4.3 percent despite posting robust sales growth over the third quarter.

Automaker Renault fell 2.3 percent after reporting a dip in Q3 auto sales, hit by supply constraints.

Rexel Group shares were down 3 percent. The energy products and services firm said that one of its entities has been placed under a formal probe related to derogation case requiring it to set aside a bank guarantee of 20 million euros and a cash guarantee of 48 million euros to be paid by January 15, 2023.

Luxury eyewear maker EssilorLuxottica tumbled 3 percent despite the company reporting a rise in third-quarter revenues.

Media company Vivendi lost about 4 percent after saying it will go ahead with the spin off its publishing business Editis.

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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 2 h 22 min

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 3 h 4 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 3 h 28 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 3 h 58 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 5 h 43 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 6 h 21 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 7 h 22 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 7 h 59 min

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