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CAC 40 Declines On Growth Worries
(RTTNews) - French stocks fell on Tuesday amid growth concerns after a survey showed business activity in the country grew at the slowest pace in four months in May.
The flash reading for the May composite PMI - which comprises both the services and manufacturing sectors - fell from 52.4 to 51.4 - marking the lowest level since a January reading of 49.0. Economists forecast a reading of 52.0 points.
U.S. debt ceiling worries and signs of increasing Sino-U.S. tensions also kept investors nervous.
The benchmark CAC 40 was down 0.8 percent at 7,416 after closing 0.2 percent lower the previous day.
Lender Societe Generale jumped 2.4 percent after the lender confirmed the launch of a global employee share ownership program.
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Swiss Franc Rises Against Majors
The Swiss franc advanced against its major counterparts in the New York session on Friday.
RTTNews
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hace 17h 53min
Swiss Market Ends On Positive Note
Despite a couple of setbacks during the day's session, the Switzerland market managed to close modestly higher on Friday thanks to a few frontline stocks finding good support towards the closing minutes.
RTTNews
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hace 18h 13min
European Stocks Close On Mixed Note
Despite some fairly strong earnings updates, European stocks turned in a subdued performance on Friday on reports the U.S. President Donald Trump is looking to impose at least 15 to 20% tariffs on goods imported from the European Union irrespective even if a trade deal is arrived at.
RTTNews
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hace 18h 36min
TSX Retreats After Hitting New High
The Canadian market is down in negative territory in early afternoon trades on Friday, with stocks from communications, industrials and consumer discretionary sectors under pressure.
However, the downside is limited as tariff concerns have eased a bit on reports that trade talks between Canada and South American countries, including Brazil and Argentina are in advanced stages.
RTTNews
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hace 19h 26min
U.S. Consumer Sentiment Reaches Five-Month High In July
After reporting a substantial rebound by U.S. consumer sentiment in the previous month, the University of Michigan released a report on Friday showing a more modest improvement by consumer sentiment in the month of July. The University of Michigan said its consumer sentiment index climbed to 61.8 in July after surging to 60.7 in June. Economists had expected the index to rise to 61.5.
RTTNews
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hace 21h 38min
U.S. Housing Starts Rebound More Than Expected In June
New residential construction in the U.S. rebounded by more than expected in the month of June, according to a report released by the Commerce Department on Friday. The Commerce Department said housing starts surged by 4.6 percent to an annual rate of 1.321 million in June after plunging by 9.7 percent to a revised rate of 1.263 million in May.
RTTNews
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hace 22h 37min
Bay Street Likely To Open Higher On Firm Commodities, Trade Deal Hopes
Higher U.S. and Canadian futures, firm commodity prices, and fairly encouraging U.S. economic data point to a positive start for the Canadian market Friday morning.
RTTNews
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hace 23h 28min
U.S. Housing Starts Surge 4.6% In June, More Than Expected
New residential construction in the U.S. rebounded by more than expected in the month of June, according to a report released by the Commerce Department on Friday.
RTTNews
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hace 23h 42min
