CAC-40 Overwhelmed By Recession Fears

RTTNews | 963 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
CAC 40 Modestly Higher

CAC 40 Modestly Higher

The French stock market is modestly higher Tuesday afternoon with investors mostly reacting to earnings updates and a mixed batch of regional economic data. Expectations of a rate cut by the Federal Reserve sometime soon aid sentiment a bit.
RTTNews | 29 मिनटों पहले
Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Tuesday.
RTTNews | 1घंटे 2 मिनट पहले
DAX Up Nearly 0.8%; Infineon Rises Sharply On Strong Earnings

DAX Up Nearly 0.8%; Infineon Rises Sharply On Strong Earnings

German stocks are up in positive territory on Tuesday, gaining for a second straight session, as investors continue to focus on earnings and other corporate news, even while continuing to follow the developments on the trade front ahead of new tariffs that come into force later in the week.
RTTNews | 1घंटे 3 मिनट पहले
Yen Rises Amid BoJ Rate Hike Speculation

Yen Rises Amid BoJ Rate Hike Speculation

The Japanese yen strengthened against other major currencies in the Asian session on Tuesday, as the Bank of Japan's (BoJ) meeting minutes suggest the possibility of interest rate increases, contingent upon the anticipated performance of the economy and price.
RTTNews | 1घंटे 15 मिनट पहले
Sensex, Nifty End Modestly Lower After Trump's Tariff Threat

Sensex, Nifty End Modestly Lower After Trump's Tariff Threat

Indian shares ended Tuesday's session lower 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.
RTTNews | 1घंटे 33 मिनट पहले
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Tuesday.
RTTNews | 3घंटे 23 मिनट पहले