CAC 40 Declines On US-China Tensions

RTTNews | vor 1003 Tagen
CAC 40 Declines On US-China Tensions

(RTTNews) - French stocks tumbled on Monday as robust U.S. jobs data released on Friday fanned fears of more interest rate hikes to cool inflation.

According to the Federal Reserve, a strong labor market would lead to excessive wage growth which, in turn, would lead to inflation pressures.

U.S-China tensions also remained on investors' radar after the Biden administration decided to postpone Secretary of State Antony Blinken's upcoming trip to China in response to the Pentagon's discovery of an alleged Chinese spy balloon, that was later shot down.

The benchmark CAC 40 was down 66 points, or 1 percent, at 7,168 after climbing 0.9 percent on Friday.

Eurazeo fell over 1 percent after the investment company named a new executive board that will be led by two chairmen.

read more
European Stocks Shrug Off Early Weakness, Close Higher

European Stocks Shrug Off Early Weakness, Close Higher

European stocks recovered after a weak start and settled on a positive note on Wednesday, as investors tracked steady U.S. markets and indulged in some bargain hunting at several counters.
RTTNews | vor 4Std 34 Minuten
TSX Rises Over 1%; Materials, Energy Stocks Move Up Sharply

TSX Rises Over 1%; Materials, Energy Stocks Move Up Sharply

The Canadian market is up firmly in positive territory on Wednesday, lifted by strong gains in energy, materials and technology sectors. Data showing an improvement in Canadian services sector activity, firm commodity prices and bargain hunting after recent sharp decline contribute to market's notable move up north.
RTTNews | vor 5Std 27 Minuten
U.S. Service Sector Activity Returns To Expansion In October

U.S. Service Sector Activity Returns To Expansion In October

The Institute for Supply Management released a report on Wednesday showing U.S. service sector activity returned to expansion in the month of October. The ISM said its services PMI climbed to 52.4 in October after falling to 50.0 in September, with a reading above 50 indicating growth. Economists had expected the index to inch up to 50.8.
RTTNews | vor 7Std 31 Minuten
U.S. Private Sector Employment Rebounds More Than Expected In October

U.S. Private Sector Employment Rebounds More Than Expected In October

Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. rebounded by more than expected in the month of October. ADP said private sector employment climbed by 42,000 jobs in October after slipping by a revised 29,000 jobs in September. Economists had expected private sector employment to rise by 25,000 jobs.
RTTNews | vor 8Std 14 Minuten
Wall Street May Open With Slightly Negative Bias

Wall Street May Open With Slightly Negative Bias

Slightly lower S&P and Nasdaq futures amid valuation concerns indicate a flat to negative start for stocks on Wall Street Wednesday morning. Data on manufacturing and services sector activity in the U.S. in the month of October may provide some direction to the mark
RTTNews | vor 9Std 59 Minuten