CAC-40 Overwhelmed By Recession Fears

RTTNews | 1053 दिनों पहले
CAC-40 Overwhelmed By Recession Fears

(RTTNews) - The CAC-40 plunged more than 1 percent as markets weighed the likelihood of the prolonged interest rate hikes taking a toll on the economy's health. Recession fears dominated sentiment amidst central banks worldwide reiterating their commitment to fighting inflation, even at the cost of sacrificing growth.

The PMI readings for December which showed Services sector falling to 48.1 from 49.3, and Manufacturing sector increasing to 48.9 from 48.3 also swayed sentiment.

The CAC-40 is currently trading at 6,435.40, down 1.34 percent from the previous close. The day's trading has been between 6,418.95 and 6,515.70.

BNB Paribas and Credit Agricole are the only two scrips that have advanced from Thursday's levels.

Eurofins Scientific, Unibail Rodamco Westfield and Teleperformance declined more than 3 percent. 11 scrips are currently trading with losses of more than 2 percent.

The EUR/USD pair is at 1.0635, edging up from the previous close of 1.0626. The Dollar dithered, dragging the Dollar Index by 0.03 percent to 104.53.

The ten-year bond yield has increased 5.3 percent to 2.726% versus the previous close of 2.589%.

read more
Swiss Market Pares Early Gains, Settles Flat

Swiss Market Pares Early Gains, Settles Flat

Save for a brief while during the closing minutes, Switzerland's SMI index stayed positive on Monday, but still ended the session with just a slender gain as several stocks pared early gains due to a lack of support at higher levels.
RTTNews | 1घंटे 25 मिनट पहले
European Stocks Close Higher As Investors Asses Economic Data, Recent Earnings

European Stocks Close Higher As Investors Asses Economic Data, Recent Earnings

European markets closed mostly higher on Monday, led by gains in the banking and automobile sectors. Investors assessed U.S.-China trade discussions, recent earnings updates, and digested the latest batch of regional economic data, in addition to awaiting the Bank of England's monetary policy announcement due this week.
RTTNews | 1घंटे 57 मिनट पहले
U.S. Manufacturing Index Unexpectedly Edges Lower In October

U.S. Manufacturing Index Unexpectedly Edges Lower In October

Manufacturing activity in the U.S. unexpectedly contracted at a slightly faster rate in the month of October, according to a report released by the Institute for Supply Management on Monday. The ISM said its manufacturing PMI slipped to 48.7 in October after edging up to 49.1 in September, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 49.5.
RTTNews | 4घंटे 11 मिनट पहले
Bay Street Likely To Open On Positive Note

Bay Street Likely To Open On Positive Note

Canadian shares are likely to open higher Monday morning, with firm metal prices expected to trigger buying in the materials sector. The focus will be on the developments on the trade front and corporate earnings announcements.
RTTNews | 6घंटे 12 मिनट पहले
UK Manufacturing PMI At 1-Year High

UK Manufacturing PMI At 1-Year High

The UK manufacturing activity shrank in October but the pace of contraction was the slowest in a year, the final purchasing managers' survey from S&P Global revealed on Monday. The factory Purchasing Managers' Index rose to a 12-month high of 49.7 in October from 46.2 in September. The flash reading was 49.6.
RTTNews | 6घंटे 46 मिनट पहले
Eurozone Manufacturing Sector Stagnates In October

Eurozone Manufacturing Sector Stagnates In October

Eurozone manufacturing sector stagnated in October, as initially estimated, following a fractional deterioration in September, the purchasing managers' survey compiled by S&P Global showed on Monday. The final Purchasing Managers' Index posted 50.0 in October, signalling no change in the operating conditions in the manufacturing sector. The score matched the initial estimate and remained above S
RTTNews | 7घंटे 18 मिनट पहले
FTSE 100 Up Marginally In Cautious Trade

FTSE 100 Up Marginally In Cautious Trade

U.K.'s stock market's FTSE 100 is gaining some ground in positive territory on Monday, with stocks from the banking sector attracting attention ahead of the Bank of England's monetary policy announcement this week.
RTTNews | 7घंटे 36 मिनट पहले