CAC 40 Edges Lower As Oil Prices Climb

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CAC 40 Edges Lower As Oil Prices Climb

(RTTNews) - French stocks declined on Thursday as oil prices climbed to the highest in a year, underpinning bond yields and raising fears of further interest rate hikes in the U.S. and Europe.

The German and Spanish CPI figures may sway sentiment as the day progresses. The benchmark CAC 40 was down 17 points, or 0.2 percent, at 7,054 after ending flat with a negative bias on Wednesday.

TotalEnergies SE rallied 1.5 percent. The energy and petroleum firm has finalized the sale of 40 percent interest in Block 20 in the Kwanza Basin of Angola to PETRONAS ANGOLA E&P LTD (PAEPL), a company of PETRONAS group of companies.

China-exposed LVMH, Kering and Hermes International were seeing modest losses amid concerns over the health of China's property sector and ahead of purchasing managers' index data from China, due over the weekend.

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U.S. Dollar Falls Amid Rising Fed Rate Cut Bets

U.S. Dollar Falls Amid Rising Fed Rate Cut Bets

The U.S. dollar weakened against other major currencies in the late Asian session on Monday, due to growing speculation that the U.S. Federal Reserve (Fed) may lower interest rates at its September meeting.
RTTNews | il y a 45 minutes
UK House Price Growth Softens In August

UK House Price Growth Softens In August

UK house prices logged a slower pace of growth in August due to stretched affordability, the Nationwide Building Society said Monday. House prices increased 2.1 percent on a yearly basis in August, slower than the 2.4 percent rise seen in July. On a monthly basis, house prices edged down 0.1 percent, in contrast to the 0.5 percent increase in the previous month.
RTTNews | il y a 1h 11min
Asian Shares Mixed After US Tech Selloff

Asian Shares Mixed After US Tech Selloff

Asian stocks turned in a mixed performance on Monday as China's factory activity data painted a mixed picture of the world's second-largest economy and investor enthusiasm for artificial intelligence waned.
RTTNews | il y a 2h 3min
China Manufacturing Activity Returns To Growth

China Manufacturing Activity Returns To Growth

China's manufacturing sector returned to growth in August as rising orders pushed up purchasing activity and unfinished business but firms remained cautious about hiring, survey data from S&P Global showed on Monday. The RatingDog manufacturing Purchasing Managers' Index posted 50.5 in August, up from 49.5 in July. A reading above 50.0 indicates expansion in the sector.
RTTNews | il y a 3h 25min
European Economic News Preview: UK Mortgage Approvals, House Price Data Due

European Economic News Preview: UK Mortgage Approvals, House Price Data Due

Mortgage approvals, house prices and final manufacturing Purchasing Managers' survey results from the UK are the top economic news due on Monday. At 2.00 am ET, the Office for National Statistics releases UK Nationwide house price data. Economists forecast house prices to rise 0.1 percent month-on-month in August, following a 0.6 percent rise in July.
RTTNews | il y a 4h 51min