CAC 40 Slides As Investors Weigh Political Risks

RTTNews | 262天前
CAC 40 Slides As Investors Weigh Political Risks

(RTTNews) - French stocks fell sharply on Monday after reports emerged that the country's far-right National Rally (RN) party will likely back a no-confidence motion against the government in the coming days unless the disputed draft budget meets her party's demands.

Investors were also reacting to the results of a survey by S&P Global that showed France's manufacturing sector faced in November its steepest decline in new orders since the first wave of the COVID-19 pandemic in 2020.

The benchmark CAC 40 was down 66 points, or 0.9 percent, at 7,169 after surging 0.8 percent on Friday.

China-related Hermes International and LVMH were up 1.6 percent and half a percent, respectively after a private survey showed the manufacturing sector in China expanded at a faster pace in November, with the corresponding PMI rising to 51.5 from 50.3 in October.

read more
U.S. Leading Economic Index Edges Down In Line With Estimates In July

U.S. Leading Economic Index Edges Down In Line With Estimates In July

A reading on leading U.S. economic indicators edged slightly lower in the month of July, according to a report released by the Conference Board on Thursday. The Conference Board said leading economic index slipped by 0.1 percent in July after falling by 0.3 percent in June. The modest decrease matched economist estimates.
RTTNews | 1小時23分鐘前
U.S. Existing Home Sales Unexpectedly Rebound In July

U.S. Existing Home Sales Unexpectedly Rebound In July

The National Association of Realtors released a report on Thursday showing an unexpected rebound by existing home sales in the U.S. in the month of July. The report said existing home sales jumped by 2.0 percent to an annual rate of 4.01 million in July after tumbling by 2.7 percent to an annual rate of 3.93 million in June.
RTTNews | 1小時33分鐘前
Philly Fed Index Unexpectedly Returns To Negative Territory In August

Philly Fed Index Unexpectedly Returns To Negative Territory In August

Manufacturing activity in the Philadelphia area has weakened in the month of August, the Federal Reserve Bank of Philadelphia revealed in a report released on Thursday. The Philly Fed said its diffusion index for current general activity tumbled to a negative 0.3 in August from a positive 15.9 in July, with a negative reading indicating contraction.
RTTNews | 1小時57分鐘前
U.S. Jobless Claims Rise More Than Expected To 235,000

U.S. Jobless Claims Rise More Than Expected To 235,000

First-time claims for U.S. unemployment benefits rose by much more than expected in the week ended August 16th, according to a repot released by the Labor Department on Thursday. The report said initial jobless claims climbed to 235,000, an increase of 11,000 from the previous week's unrevised level of 224,000. Economists had expected jobless claims to inch up to 225,000.
RTTNews | 2小時12分鐘前
Euro, Pound Rises After Eurozone, U.K. PMI Reports

Euro, Pound Rises After Eurozone, U.K. PMI Reports

The European currency abd British pound strengthened against other major currencies in the European session on Thursday, after the release of Purchasing Managers' index data from both economies.
RTTNews | 3小時3分鐘前
Canadian Stocks May Open Slightly Weak

Canadian Stocks May Open Slightly Weak

Canadian shares may open slightly down on Thursday with investors focusing on the upcoming speeches by central bank chiefs, including Fed Chair Jerome Powell, at the Jackson Hole Symposium.
RTTNews | 3小時9分鐘前