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CAC 40 Slides Ahead Of Powell's Speech
(RTTNews) - French stocks fell notably on Wednesday, as renewed fears over a possible recession overshadowed recent optimism about China reopening.
Investors await the release of Eurozone's consumer confidence data for June and a preliminary reading on German inflation for further direction.
Traders also seemed reluctant ahead of a speech by European Central Bank President Christine Lagarde at the Sintra forum, alongside Federal Reserve Chairman Jerome Powell and Bank of England Governor Andrew Baile.
The benchmark CAC 40 was down 37 points, or 0.6 percent, at 6,049 after rising 0.6 percent in the previous session.
EssilorLuxottica shares declined 2.5 percent. Leonardo Del Vecchio, the chairman of the eyeglass retailer and one of Italy's wealthiest business figures, passed away at the age of 87.
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Indonesia GDP Growth Fastest In 2 Years
Indonesia's economic growth accelerated the most in two years in the second quarter driven by household spending and investment, official data showed Tuesday. Gross domestic product expanded 5.12 percent year-on-year in the second quarter, following an annual growth of 4.87 percent seen in the first quarter. The latest expansion was the fastest since the second quarter of 2023.
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hace 11 minutos
China Services Growth Fastest Since May 2024
China's services activity expanded at the fastest pace in more than a year in July on rising inflows of new business, purchasing managers' survey data from S&P Global showed on Tuesday. The headline general services business activity index rose to 52.6 in July from 50.6 in June. The index extended the current period of growth to just over two-and-a-half years. Moreover, the index suggested that t
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European Economic News Preview: Eurozone Final Composite PMI Data Due
Composite Purchasing Managers' survey results from the euro area and other major euro area economies are due on Tuesday. At 2.45 am ET, France's statistical office INSEE publishes industrial output data for June. Production is forecast to grow 0.8 percent on a monthly basis, in contrast to the 0.5 percent fall in May. At 3.00 am ET, Spain's INE publishes industrial output data for June.
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European Shares Set To Open On Firm Note
European stocks are seen opening higher on Tuesday as investors await the next batch of earnings and any new developments on the trade front.
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hace 1h 51min
Sensex, Nifty Open Lower After Trump's Fresh Tariff Threat
Indian shares opened on a sluggish note Tuesday after U.S. President Donald Trump threatened to "substantially" raise tariffs on goods imported from India, accusing that the country profited from Russia's war in Ukraine by purchasing large quantities of Russian oil and reselling it on the global market.
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hace 2h 53min
Australian Market Extends Early Gains In Mid-market
The Australian stock market is extending its early gains in mid-market trading on Tuesday, adding to the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,750 level, with gains across all sectors led by mining, energy and technology stocks.
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hace 3h 58min
Asian Markets Track Wall Street Higher
Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, amid optimism the weak monthly US jobs data will lead the US Fed to lower interest rates next month. Traders also picked up stocks at a bargain following the recent downturn in the markets. Asian markets closed mixed on Monday.
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hace 4h 24min
Sensex, Nifty Set To Open Lower As Trump Again Threatens India With Harsh Tariffs
Indian shares may open on a weak note Tuesday after U.S. President Donald Trump threatened to "substantially" raise tariffs on goods imported from India, accusing that the country profited from Russia's war in Ukraine by purchasing large quantities of Russian oil and reselling it on the global market.
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hace 4h 56min
