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CAC 40 Slumps On China COVID Concerns

RTTNews | Před 975 dny

CAC 40 Slumps On China COVID Concerns

(RTTNews) - French stocks slumped on Tuesday after the Bank of Japan widened its target band for interest rates - a move that analysts said would allow long-term interest rates to rise more.

Sentiment was also dented by reports of a widespread wave of new coronavirus cases in China, with a top infectious disease expert projecting that more than 60 percent of China's population is likely to be infected by the coronavirus in the next three months.

The benchmark CAC 40 was down 78 points, or 1.20 percent, at 6,395 after closing 0.3 percent higher on Monday.

Orange SA shares fell more than 1 percent. The telecom group said in a statement that its deputy chief executive and head of finance, Ramon Fernandez, would leave the company at the end of the first quarter of 2023.

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U.S. Existing Home Sales Unexpectedly Rebound In July

U.S. Existing Home Sales Unexpectedly Rebound In July

The National Association of Realtors released a report on Thursday showing an unexpected rebound by existing home sales in the U.S. in the month of July. The report said existing home sales jumped by 2.0 percent to an annual rate of 4.01 million in July after tumbling by 2.7 percent to an annual rate of 3.93 million in June.

RTTNews | Před 19 minutami

Walmart Shares Hit As Q2 Profit Misses Street, Updates FY26 Outlook Below View

Walmart Shares Hit As Q2 Profit Misses Street, Updates FY26 Outlook Below View

Shares of Walmart Inc. were losing around 5 percent in the morning trading after the retail behemoth reported second-quarter earnings below market estimates, despite a significant year-over-year growth. Meanwhile, net sales were higher and beat the Street estimates.

RTTNews | Před 32 minutami

Philly Fed Index Unexpectedly Returns To Negative Territory In August

Philly Fed Index Unexpectedly Returns To Negative Territory In August

Manufacturing activity in the Philadelphia area has weakened in the month of August, the Federal Reserve Bank of Philadelphia revealed in a report released on Thursday. The Philly Fed said its diffusion index for current general activity tumbled to a negative 0.3 in August from a positive 15.9 in July, with a negative reading indicating contraction.

RTTNews | Před 43 minutami

U.S. Jobless Claims Rise More Than Expected To 235,000

U.S. Jobless Claims Rise More Than Expected To 235,000

First-time claims for U.S. unemployment benefits rose by much more than expected in the week ended August 16th, according to a repot released by the Labor Department on Thursday. The report said initial jobless claims climbed to 235,000, an increase of 11,000 from the previous week's unrevised level of 224,000. Economists had expected jobless claims to inch up to 225,000.

RTTNews | Před 57 minutami

Euro, Pound Rises After Eurozone, U.K. PMI Reports

Euro, Pound Rises After Eurozone, U.K. PMI Reports

The European currency abd British pound strengthened against other major currencies in the European session on Thursday, after the release of Purchasing Managers' index data from both economies.

RTTNews | Před 1 h 48 min

Canadian Stocks May Open Slightly Weak

Canadian Stocks May Open Slightly Weak

Canadian shares may open slightly down on Thursday with investors focusing on the upcoming speeches by central bank chiefs, including Fed Chair Jerome Powell, at the Jackson Hole Symposium.

RTTNews | Před 1 h 55 min

Philly Fed Index Slumps Much More Than Expected In August

Philly Fed Index Slumps Much More Than Expected In August

Manufacturing activity in the Philadelphia area has weakened in the month of August, the Federal Reserve Bank of Philadelphia revealed in a report released on Thursday.

RTTNews | Před 2 h 6 min

U.S. Weekly Jobless Claims Rise More Than Expected

U.S. Weekly Jobless Claims Rise More Than Expected

First-time claims for U.S. unemployment benefits rose by much more than expected in the week ended August 16th, according to a repot released by the Labor Department on Thursday.

RTTNews | Před 2 h 11 min

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