CAC 40 Declines On Weak PMI Data

RTTNews | vor 834 Tagen
CAC 40 Declines On Weak PMI Data

(RTTNews) - French stocks declined on Tuesday after a private survey showed China's factory activity fell into contraction territory for the first time since April.

Japan, South Korea, Taiwan and Vietnam also saw manufacturing activity contracting in July, raising fresh concerns about Asia's fragile economic recovery.

Closer home, a monthly survey showed that France's manufacturing activity slumped further in July amid deteriorating demand conditions.

The index stood at 45.1 in the month, compared to an initial estimate of 44.5 and 46.0 in June, final results from the S&P monthly survey showed.

"Production fell at a rapid pace, new orders continued to fall, and producers cut jobs at the fastest rate since the start of the COVID-19 pandemic. ", Cyrus de la Rubia, chief economist at the Hamburg Commercial Bank said.

The benchmark CAC 40 was down 61 points, or 0.8 percent, at 7,437 after rising 0.3 percent in the previous session.

read more
TSX Scales New Record High; Materials, Financials Stocks Among Top Gainers

TSX Scales New Record High; Materials, Financials Stocks Among Top Gainers

Canada's S&P/TSX Composite Index surged to a new record high on Wednesday with stocks from materials, financials, consumer staples and industrials sectors turning in a strong performance. The mood in the market is quite bullish amid hopes the government shutdown in the U.S. will come to end soon.
RTTNews | vor 4Std 33 Minuten
Swiss Market Settles On Firm Note

Swiss Market Settles On Firm Note

The Switzerland market closed on a firm note on Wednesday, tracking positive cues from other markets in Europe, amid rising prospects of an end to the U.S. government shutdown this week, and hopes about an interest rate cut by the Federal Reserve next month.
RTTNews | vor 4Std 55 Minuten
European Stocks Close On Firm Note

European Stocks Close On Firm Note

European stocks closed higher on Wednesday, extending recent gains, amid hopes the U.S. government shutdown will end soon, possibly even by this Friday. Expectations of a rate cut by the Federal Reserve next month, and data showing a smaller than expected increase in Germany's consumer price inflation also contributed to markets' positive close.
RTTNews | vor 5Std 9 Minuten
Bay Street May Open On Positive Note Again

Bay Street May Open On Positive Note Again

Canadian stocks may open higher on Wednesday amid optimism about an end to the U.S. government shutdown. Firm European stocks and expectations of an interest rate cut by the Federal Reserve next month may also help underpin sentiment.
RTTNews | vor 9Std 31 Minuten
FTSE 100 Pares Early Gains; SSE Soars 12%

FTSE 100 Pares Early Gains; SSE Soars 12%

After opening marginally higher and moving up a bit subsequently, the U.K. market's FTSE 100 slipped into negative territory on Wednesday, with investors looking for direction and largely refraining from making significant moves.
RTTNews | vor 10Std 49 Minuten
CAC 40 Extends Gains To 3rd Straight Day, Rises Over 1%

CAC 40 Extends Gains To 3rd Straight Day, Rises Over 1%

French stocks are up in positive territory on Wednesday, extending gains to a third straight session, led by gains in financial and luxury sectors. Expectations of an interest rate cut by the Federal Reserve next month, and hopes that the government shutdown in the U.S. will likely end this week help underpin sentiment.
RTTNews | vor 11Std 47 Minuten
DAX Climbs To 4-week High On Inflation Data, Earnings

DAX Climbs To 4-week High On Inflation Data, Earnings

Germany's DAX climbed to a four-week high on Wednesday with investors continuing to pick up stocks amid hopes the US government shutdown will come to an end soon, and expectations of an interest rate cut by the Federal Reserve in December.
RTTNews | vor 12Std 13 Minuten