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CAC 40 Slips Into Red In Lackluster Trade
(RTTNews) - French stocks fell on Monday as a stronger-than-anticipated U.S. jobs report released on Friday revived worries about the pace of U.S. rate hikes.
Meanwhile, latest PMI data released by S&P Global showed little change to the initial estimates that showed business activity across France's service sector fell in November, marking the first contraction since March 2021.
The composite PMI came in at 48.7 versus 48.8 preliminary. The final services PMI dropped to 49.3 versus the flash estimate of 49.4.
The benchmark CAC 40 was down 12 points, or 0.2 percent, at 6,730, recouping some early losses.
The euro hit a fresh six-month high against the dollar on concerns about a widening policy gap between the U.S. and Europe.
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Swiss Market Ends On Positive Note
Despite a couple of setbacks during the day's session, the Switzerland market managed to close modestly higher on Friday thanks to a few frontline stocks finding good support towards the closing minutes.
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European Stocks Close On Mixed Note
Despite some fairly strong earnings updates, European stocks turned in a subdued performance on Friday on reports the U.S. President Donald Trump is looking to impose at least 15 to 20% tariffs on goods imported from the European Union irrespective even if a trade deal is arrived at.
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TSX Retreats After Hitting New High
The Canadian market is down in negative territory in early afternoon trades on Friday, with stocks from communications, industrials and consumer discretionary sectors under pressure.
However, the downside is limited as tariff concerns have eased a bit on reports that trade talks between Canada and South American countries, including Brazil and Argentina are in advanced stages.
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1घंटे 47 मिनट पहले
U.S. Consumer Sentiment Reaches Five-Month High In July
After reporting a substantial rebound by U.S. consumer sentiment in the previous month, the University of Michigan released a report on Friday showing a more modest improvement by consumer sentiment in the month of July. The University of Michigan said its consumer sentiment index climbed to 61.8 in July after surging to 60.7 in June. Economists had expected the index to rise to 61.5.
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U.S. Housing Starts Rebound More Than Expected In June
New residential construction in the U.S. rebounded by more than expected in the month of June, according to a report released by the Commerce Department on Friday. The Commerce Department said housing starts surged by 4.6 percent to an annual rate of 1.321 million in June after plunging by 9.7 percent to a revised rate of 1.263 million in May.
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4घंटे 58 मिनट पहले
Bay Street Likely To Open Higher On Firm Commodities, Trade Deal Hopes
Higher U.S. and Canadian futures, firm commodity prices, and fairly encouraging U.S. economic data point to a positive start for the Canadian market Friday morning.
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5घंटे 49 मिनट पहले
U.S. Housing Starts Surge 4.6% In June, More Than Expected
New residential construction in the U.S. rebounded by more than expected in the month of June, according to a report released by the Commerce Department on Friday.
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FTSE 100 Up Marginally
The U.K. stock market is up marginally Friday afternoon with investors mostly making cautious moves, reacting to corporate news. Mining and energy stocks are gaining some ground in positive territory, while bank stocks are a bit weak.
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