CAC 40 Slumps As Investors Await US Jobs Data For Fed Rate Clues

RTTNews | Před 781 dny
CAC 40 Slumps As Investors Await US Jobs Data For Fed Rate Clues

(RTTNews) - French stocks were moving lower on Thursday after the Federal Reserve's June meeting minutes showed policymakers anticipate two more interest- rate hikes in 2023 to bring inflation back down.

Concerns about China's economic recovery and rising tensions between the U.S. and China also sapped investors' appetite for riskier assets.

The benchmark CAC 40 was down 121 points, or 1.7 percent, at 7,190 after losing 0.8 percent in the previous session.

The dollar held slightly higher alongside Treasury yields ahead of the all-important U.S. jobs report due on Friday.

In corporate news, aircraft maker Airbus fell over 1 percent.

Reuters reported, citing industry sources that its deliveries increased by 6 percent in the first half of the year and the company is targeting 720 deliveries for the year.

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Swiss Market Ends Moderately Lower

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RTTNews | Před 1 h 15 min
European Markets Close Weak After Cautious Session

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RTTNews | Před 1 h 36 min
U.S. New Home Sales Pull Back From Upwardly Revised Level In July

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Bay Street May Open On Weak Note

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A markedly dovish tone in Fed Chair Jerome Powell's speech at the Jackson Hole symposium on Friday weakened the Dollar, resulting in further losses for the currency during the week ended August 22.
RTTNews | Před 7 h 26 min
German Ifo Business Confidence Strongest Since 2024

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German business sentiment hit the highest level in more than two years in August on expectations that the fiscal stimulus would help to kickstart the economic recovery. The business climate index rose to 89.0 in August from 88.6 in the previous month. This was the highest score since April 2024 and also came in above economists' forecast of 88.6. The German economy's recovery remains weak.
RTTNews | Před 7 h 29 min
CAC 40 Down Nearly 0.6% In Cautious Trade

CAC 40 Down Nearly 0.6% In Cautious Trade

French stocks remain in negative territory on Monday, with investors mostly making cautious moves, looking for some more clarity on U.S. - EU trade deal, and awaiting crucial inflation data from the region.
RTTNews | Před 8 h 3 min