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CAC 40 Slips As Business Activity Falls Again

RTTNews | il y a 572

CAC 40 Slips As Business Activity Falls Again

(RTTNews) - French stocks declined on Thursday, with disappointing earnings results and weak business acidity data sentiment.

The HCOB France flash November composite PMI - which comprises both the services and manufacturing sectors - dropped to 44.5 points from 44.6 in October.

Euro zone inflation data for January and the Bank of England's interest-rate decision will be in the spotlight later today.

The benchmark CAC 40 was down 47 points, or 0.6 percent, at 7,609 after ending 0.3 percent lower the previous day.

Sanofi fell more than 2 percent after posting fourth-quarter earnings below estimates.

Also, the healthcare firm announced that François-Xavier Roger will take over as Chief Financial Officer and join its Executive Committee starting April 1, 2024.

BNP Paribas plunged 8.5 percent. The lender reported pre-tax income of 1.476 billion euros for the fourth quarter, lower than 2.790 billion euros a year ago.

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European Stocks Close Lower On Political Concerns, Tariff Worries

European Stocks Close Lower On Political Concerns, Tariff Worries

European stocks closed weak on Tuesday, weighed down by political uncertainty in France, and lingering concerns about tariffs and their impact on global economic growth.

RTTNews | il y a 30 minutes

U.S. Consumer Confidence Index Edges Lower In August

U.S. Consumer Confidence Index Edges Lower In August

A report released by the Conference Board on Tuesday showing a modest deterioration by consumer confidence in the U.S. in the month of August. The Conference Board said its consumer confidence index dipped to 97.4 in August from an upwardly revised 98.7 in July.

RTTNews | il y a 3h 59min

U.S. Durable Goods Orders Slump 2.8% In July, Much Less Than Expected

U.S. Durable Goods Orders Slump 2.8% In July, Much Less Than Expected

Reflecting a continued plunge by orders for transportation equipment, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of July. The Commerce Department said durable goods orders slumped by 2.8 percent in July after plummeting by a revised 9.4 percent in June.

RTTNews | il y a 4h 10min

Bay Street May Open On Weak Note

Bay Street May Open On Weak Note

Canadian shares look headed for negative start on Tuesday, weighed down by weak oil prices, and concerns about global trade after U.S. President Donald Trump threatened 200% tariffs on China if Beijing does not export rare-earth magnets to the U.S.

RTTNews | il y a 5h 29min

U.S. Durable Goods Orders Tumble Less Than Expected In July

U.S. Durable Goods Orders Tumble Less Than Expected In July

Reflecting a continued plunge by orders for transportation equipment, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of July.

RTTNews | il y a 5h 35min

FTSE 100 Modestly Lower

FTSE 100 Modestly Lower

After posting gains in the previous five sessions, the U.K. market is exhibiting weakness on Tuesday, weighed down by losses in financials and retail sectors.

RTTNews | il y a 5h 57min

CAC Down Sharply On Widespread Selling

CAC Down Sharply On Widespread Selling

French stocks are down sharply on Tuesday, extending previous session's steep drop, amid ongoing political uncertainty in the country.

RTTNews | il y a 6h 22min

DAX Extending Recent Weakness

DAX Extending Recent Weakness

German stocks are down in negative territory on Tuesday, extending losses from the previous session, due to geopolitical concerns and uncertainty about tariffs.

RTTNews | il y a 7h 45min

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