CAC 40 Retreats On Growth Concerns

RTTNews | 836 दिनों पहले
CAC 40 Retreats On Growth Concerns

(RTTNews) - French stocks slipped into the red on Tuesday as investors awaited cues from a slew of central bank meetings and key U.S. tech earnings.

Official data released earlier today showed that French economic expansion slowed in the fourth quarter of 2022, in line with economists' expectations.

GDP grew 0.1 percent quarter-on-quarter following a 0.2 percent increase in the third quarter due to a slump in domestic demand that was led by a steep fall in household consumption and weaker investments.

This was the worst outcome since the first quarter of 2022, when the economy contracted 0.2 percent.

Earlier today, the International Monetary Fund retained France's growth forecast for this year at 0.7 percent and raised the estimate for 2022 to 2.6 percent from 2.5 percent. The lender projected 1.6 percent growth for next year.

The benchmark CAC 40 was down 20 points, or 0.3 percent, at 7,062 after closing 0.2 percent lower on Monday.

read more
FTSE 100 Advances Again

FTSE 100 Advances Again

U.K. stocks are moving higher on Friday as investors continue to cheer the recent tariff agreement between U.S. and China, and news about a positive progress in talks between the EU bloc and U.S. for lowering the tariffs from earlier proposed levels.
RTTNews | 31 मिनटों पहले
CAC 40 Advances On Easing Trade Tensions

CAC 40 Advances On Easing Trade Tensions

French stocks are up in positive territory on Friday, extending gains from the previous session, amid easing fears of a trade war. Following announcements of U.S.-UK pact, and U.S.-China deal, reports about a positive progress in the EU bloc's discussions with the U.S. for considerable tariff reductions have bolstered investor sentiment.
RTTNews | 59 मिनटों पहले
DAX Up 0.8%, Looks Set To End Week On Strong Note

DAX Up 0.8%, Looks Set To End Week On Strong Note

German stocks are up firmly in positive territory on Friday, amid easing trade tensions following the U.S.-China deal earlier in the week, and recent reports about a positive progress in the EU bloc's discussions with the U.S. for tariff reductions.
RTTNews | 1घंटे 18 मिनट पहले
European Shares Edge Higher In Cautious Trade

European Shares Edge Higher In Cautious Trade

European stocks traded higher on Friday as a slew of weak U.S. economic data suggested the Federal Reserve may have more leeway to cut interest rates later this year.
RTTNews | 2घंटे 7 मिनट पहले
Yen Rises Amid Risk-off Mood, BoJ Rate Hike Bets

Yen Rises Amid Risk-off Mood, BoJ Rate Hike Bets

The Japanese yen strengthened against other major currencies in the Asian session on Friday amid risk-off mood, as traders digested the latest settlements on the trade tariff front and remained caution as they awaited more clarity on the developments in trade negotiations with other trade partners.
RTTNews | 2घंटे 32 मिनट पहले