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CAC 40 Declines On Profit Taking

RTTNews | 846 days ago

CAC 40 Declines On Profit Taking

(RTTNews) - French stocks fell on Tuesday, as investors booked some profits following recent gains on optimism surrounding China's reopening and expectations over a potential slowdown in U.S. interest rate hikes.

The dollar edged higher in European trade but hovered near a seven-month low as investors focus on the outlook for China's economy and U.S. interest rate hikes.

Fed Chair Jerome Powell's speech later in the day also remained on investors' radar. The euro held steady and Eurozone yields rose after data showed French industrial production jumped 2.0 percent month-on-month in November.

The benchmark CAC 40 was down 39 points, or 0.6 percent, at 6,866 after rising 0.7 percent on Monday.

Among the prominent decliners, Alstom, Airbus Group, Essilor Luxottica, Kering, Michelin, Publicis Groupe, Saint Gobain and Société Générale fell 1-2 percent.

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Pound Weakens In Cautious Trade

Pound Weakens In Cautious Trade

The pound dropped against its most major counterparts in the New York session on Monday amid renewed trade concerns, as President Donald Trump announced plans to impose a 100 percent tariff on movies produced in foreign countries.

RTTNews | 2h 17min ago

Swiss Market Ends Marginally Down After Choppy Session

Swiss Market Ends Marginally Down After Choppy Session

Despite staying positive for much of the day's trading session, the Switzerland market closed slightly weak on Monday with a few stocks turning weak past mid afternoon, as investors turned cautious amid a lack of prominent triggers.

RTTNews | 2h 59min ago

European Stocks Closed Mixed After Cautious Session

European Stocks Closed Mixed After Cautious Session

European stocks turned in a mixed performance on Monday with investors closely following developments on the trade front, and continuing to react to quarterly earnings updates from big name European companies.

RTTNews | 3h 23min ago

Canadian Stocks Largely Subdued In Cautious Trade

Canadian Stocks Largely Subdued In Cautious Trade

After a slightly weak start and a subsequent drop to lower levels, the Canadian market recovered some lost ground Monday morning, but still struggles to move any significantly above the flat line.

RTTNews | 3h 53min ago

U.S. Services Index Unexpectedly Increases In April

U.S. Services Index Unexpectedly Increases In April

A report released by the Institute for Supply Management on Monday showed an unexpected increase by its reading on U.S. service sector activity in the month of April. The ISM said its services PMI rose to 51.6 in April from 50.8 in March, with a reading above 50 indicating growth. Economists had expected the index to edge down to 50.6.

RTTNews | 5h 39min ago

Dollar Rallies Amidst Mixed Economic Data, Trade Deal Hopes

Dollar Rallies Amidst Mixed Economic Data, Trade Deal Hopes

The U.S. Dollar extended gains during the week ended May 2 in the backdrop of mixed economic data from the U.S.

RTTNews | 6h 16min ago

Australian Dollar Rises After PM Albanese's Win Election

Australian Dollar Rises After PM Albanese's Win Election

The Australian dollar strengthened against other major currencies in the late Asian session on Monday, after Australia's Prime Minister Anthony Albanese won a second three-year term in the 2025 Federal Election.

RTTNews | 7h 17min ago

Bay Street Seen Opening On Negative Note

Bay Street Seen Opening On Negative Note

Lower Canadian and U.S. futures amid concerns about fresh tariffs may send stock prices down the chart Monday morning. Also, uncertainty surrounding U.S.-China trade talks, and weak crude oil prices may also weigh on sentiment

RTTNews | 7h 54min ago

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