CAC 40 Declines On Growth Concerns

RTTNews | 1051 days ago
CAC 40 Declines On Growth Concerns

(RTTNews) - French stocks fell sharply on Wednesday, with concerns about energy shortages and spiraling inflation keeping investors nervous.

French consumer confidence weakened more-than-expected in September and fell back to July's 9-year low after rebounding slightly in August, monthly survey results from the statistical office Insee showed earlier today.

The consumer confidence index fell to 79.0 in September from 82.0 in August. Economists had forecast the index to fall to 80.0.

The latest reading was the weakest since June 2013, when it was also 79.0.

The benchmark CAC 40 was down 76 points, or 1.3 percent, at 5,678 after closing 0.3 percent lower the previous day.

The dollar marched to a new 20-year high and government bond yields surged after several Fed officials reiterated their hawkish stance toward interest-rate hikes.

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Swiss Market Ends Modestly Higher After Mild Struggle

Swiss Market Ends Modestly Higher After Mild Struggle

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RTTNews | 1h 54min ago
Major European Markets Close On Positive Note

Major European Markets Close On Positive Note

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RTTNews | 2h 10min ago
U.S. Producer Price Growth Far Exceeds Estimates In July

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RTTNews | 4h 37min ago
U.S. Weekly Jobless Claims Unexpectedly Dip To 224,000

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RTTNews | 5h 10min ago
UK GDP Rises More Than Expected

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RTTNews | 5h 51min ago
Bay Street Likely To Open On Mixed Note

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S&P Sees Limited Impact From U.S. Tariffs On Indian Economy, Raises Ratings

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RTTNews | 6h 26min ago