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CAC 40 Slides In Cautious Trade On SVB Fallout Concerns
(RTTNews) - French stocks were moving lower on Wednesday after annual inflation was revised upwards to 7.3 percent in February from 7.0 percent in January as a result of higher food prices.
Investors also kept a close eye on the developments surrounding the SVB crisis after Moody's Investors downgraded the outlook on the U.S. banking system to 'negative' from 'stable'.
The benchmark CAC 40 was down 43 points, or 0.6 percent, at 7,099 after gaining 1.8 percent the previous day.
Logistics company Bollore soared 8 percent after posting a rise in fourth-quarter revenue and announcing plans to launch a cash tender offer to acquire a maximum of just over 288.6 million shares, representing 9.78 percent of its share capital.
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UK Market Roughly Flat; Mining Stocks Move Higher
Amid a lack of economic and earnings data, U.K. stocks are moving in a tight range in somewhat lackluster trade on Friday. Investors are assessing the potential impact of the Trump administration's reciprocal tariffs on global economic growth. Optimism about a rate cut by the Fed next month is aiding sentiment a bit.
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36分前
CAC 40 Climbs Higher For 3rd Straight Day
French stocks are modestly higher on Friday, extending gains to a third straight session, with mostly encouraging corporate earnings announcements aiding sentiment.
Concerns about the potential impact of Trump's reciprocal tariffs limit market's upside a bit.
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55分前
Sensex Plunges 765 Points On Tariff Worries; Nifty Ends Below 24,400
Indian shares fell sharply on Friday amid concerns that steep 50 percent U.S. tariffs on Indian goods may hut the country's manufacture push and slow economic growth.
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1時9分前
DAX Modestly Lower After Four-day Winning Streak
German stocks are down in negative territory on Friday, drifting lower after four successive days of gains, as some disappointing earnings announcements, and concerns about the impact of tariffs imposed by U.S. President Donald Trump weigh on sentiment.
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1時58分前
European Shares Mixed As Investors Weigh Trump Tariff Impact
European stocks were mixed on Friday after the Trump administration's higher tariff rates on trading partners took effect from midnight and Moscow confirmed Russian President Vladimir Putin and U.S. President Donald Trump are preparing to meet in the coming days, raising hopes of a ceasefire in the Ukraine war.
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2時30分前
Asian Shares Mostly Lower In Cautious Trade; Nikkei Bucks Trend
Asian stocks ended mostly lower in cautious trade on Friday as U.S. President Donald Trump's reciprocal tariffs targeting more than 90 nations came into force just after midnight.
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2時53分前
European Shares Seen Higher At Open
European shares are seen opening higher on Friday after U.S. reciprocal tariffs took effect at midnight on Thursday.
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5時52分前
NZ Dollar Rises Against Majors
The New Zealand dollar strengthened against other major currencies in the Asian session on Friday.
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6時5分前
