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CAC 40 Slips Into Red On China COVID Concerns

RTTNews | 875 days ago

CAC 40 Slips Into Red On China COVID Concerns

(RTTNews) - French stocks fell in cautious trade on Monday, as investors avoided making big bets ahead of key U.S. inflation data as well as a trio of central bank meetings due this week.

Meanwhile, the relaxation of strict curbs has sparked concerns about a new wave of infections in China.

The benchmark CAC 40 dropped 29 points, or half a percent, to 6,646 after gaining half a percent on Friday.

China-exposed luxury firms such as LVMH and Hermes International were moving lower after a top government health adviser warned that the epidemic in China is spreading rapidly and that it will be difficult to completely cut off the transmission chain.

Sanofi SA shares fell 1.3 percent after the drug maker said it was no longer in discussions to buy Horizon Therapeutics.

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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 | 3h 8min 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 | 3h 50min 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 | 4h 14min 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 | 4h 44min 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 | 6h 29min 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 | 7h 7min 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 | 8h 8min 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 | 8h 45min ago

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