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CAC 40 Drops On China Concerns
(RTTNews) - French stocks fell notably on Monday after a slew of Chinese data including reports on GDP, industrial output and retail sales proved to be a mixed bag, raising concerns about economic recovery in the world's second-largest economy.
The benchmark CAC 40 was down 54 points, or 0.7 percent, at 7,321 after ending flat with a positive bias on Friday.
China-related luxury-goods makers were coming under selling pressure, with Kering, Hermes and LVMH falling between 1.5 percent and 3.4 percent.
Danone edged down slightly. The food and beverage company reported about Russian authorities' decision to place Danone Russia under temporary external administration of the country's Federal Agency for State Property Management.
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China Cuts Loan Prime Rates For First Time In 7 Months
The People's Bank of China reduced its benchmark interest rate for the first time in seven months to stimulate consumption and support the property market amid soothing trade tensions. The central bank lowered its one-year loan prime rate by 10 basis points to 3.0 percent from 3.10 percent.
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1 시간 30 분 전
Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Tuesday.
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1 시간 57 분 전
European Shares Likely To Open On Firm Note
European stocks may open on a positive note Tuesday as trade tensions continue to ease, and China's central bank cut interest rates to record lows to stimulate the world's second-largest economy challenged by weak consumer demand and a property crisis.
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2 시간 32 분 전
R&M Refresher Instant Milk Tea Powder Recalled
Lakewood, Washington-based R&M Trading LLC is recalling R&M Refresher brand Instant Milk Tea powder products of various flavors as they may contain undeclared milk, a known allergen, the U.S. Food and Drug Administration said. The Instant Milk Tea products are recalled because the ingredients statement declares Whey and Caseinate in Non-Dairy Creamer ingredients, but it does not specify milk.
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2 시간 41 분 전
Chinese Yuan Falls To 8-day Low Against U.S. Dollar
The Chinese yuan weakened against the U.S. dollar in the Asian session on Tuesday.
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3 시간 39 분 전
Sensex, Nifty Struggle For Direction In Early Trade
Indian shares struggled for direction on Tuesday despite firm cues from global markets.
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3 시간 40 분 전
Australian Market Halves Early Gains In Mid-market
The Australian stock market is halving its early gains in mid-market trading on Tuesday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,300 level, with gains in technology and financial stocks partially offset a mixed performance in mining and energy stocks.
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4 시간 27 분 전
Asian Markets Track Wall Street Higher
Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, as traders remain cautiously optimistic on the outlook for markets after the U.S.-China temporary trade truce. They now stay focused on the outcome of US trade negotiations with India and Japan. Some traders also locked in profits following the recent upside in the markets.
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4 시간 52 분 전
