CAC 40 Slides On Risk Aversion

RTTNews | vor 918 Tagen
CAC 40 Slides On Risk Aversion

(RTTNews) - French stocks fell on Thursday, as U.S. political uncertainty, China's COVID-woes and the turmoil in crypto currency markets spurred risk aversion. Investors also awaited key U.S. inflation data later in the day that is expected to show some moderation in price growth.

The benchmark CAC 40 was down 13 points, or 0.2 percent, at 6,417 after closing 0.2 percent lower the previous day.

Crédit Agricole shares fell 4.4 percent. The lender reported lower-than-expected revenue in the third quarter, hit by weaker trading income and withdrawals at asset manager Amundi.

Peers BNP Paribas and Societe Generale were flat to slightly higher.

The dollar edged lower in European trade, while Euro zone bond yields struggled for direction ahead of the U.S. inflation report.

read more
European Shares Edge Higher In Cautious Trade

European Shares Edge Higher In Cautious Trade

European stocks traded higher on Friday as a slew of weak U.S. economic data suggested the Federal Reserve may have more leeway to cut interest rates later this year.
RTTNews | vor 15 Minuten
Yen Rises Amid Risk-off Mood, BoJ Rate Hike Bets

Yen Rises Amid Risk-off Mood, BoJ Rate Hike Bets

The Japanese yen strengthened against other major currencies in the Asian session on Friday amid risk-off mood, as traders digested the latest settlements on the trade tariff front and remained caution as they awaited more clarity on the developments in trade negotiations with other trade partners.
RTTNews | vor 40 Minuten
NZ Dollar Rebounds Against Majors

NZ Dollar Rebounds Against Majors

The New Zealand dollar rebounded from recent lows against other major currencies in the Asian session on Friday.
RTTNews | vor 1Std 59 Minuten
Malaysia GDP Growth Softens As Estimated

Malaysia GDP Growth Softens As Estimated

Malaysia's economic growth slowed to the weakest in a year in the first quarter, as estimated, and the economy is projected to log weaker growth this year than the official estimate due to trade tensions. Gross domestic product advanced 4.4 percent on a yearly basis in the first quarter, slower than the revised 4.9 percent growth posted in the fourth quarter, data from the Bank Negara Malaysia re
RTTNews | vor 2Std 11 Minuten
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Friday.
RTTNews | vor 2Std 32 Minuten
European Shares Seen Flat To Higher At Open

European Shares Seen Flat To Higher At Open

European stocks are seen opening flat to slightly higher on Friday as investors look for the next trigger to move markets. A day after U.S. President Donald Trump announced that India has offered to "literally charge us no tariffs" on American goods, India's External Affairs Minister S Jaishankar labelled the talks "complicated' and warning "nothing is decided till everything is…"
RTTNews | vor 3Std 48 Minuten