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CAC 40 Little Changed In Cautious Trade
(RTTNews) - French stocks were little changed in cautious trade on Friday, after having fallen sharply in the previous session on fears of more interest-rate hikes from central banks.
The benchmark CAC 40 was marginally lower at 7,075 after plummeting 3.1 percent in the previous session.
The euro was on defensive mode ahead of the all-important U.S. jobs report due later in the day.
Airbus shares rose about 1 percent. The aircraft manufacturer reported significantly higher orders in June, helped by record demand from India.
Airbus officially booked orders for 500 jets from IndiGo and 250 from Air India that were announced or finalised at last month's Paris Airshow.
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Asian Shares Drift Lower After US Credit Rating Downgrade
Asian stocks ended lower on Monday as Moody's downgrade of the U.S. credit rating reinforced Wall Street's growing worries over the U.S. sovereign bond market.
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36 minutes ago
China Industrial Output Growth Tops Expectations; Retail Sales Disappoint
China's industrial production increased more than expected in April despite trade tariff hikes and the unemployment rate dropped marginally but growth in retail sales fell short of expectations signalling weaker domestic demand, official data revealed on Monday. Industrial output logged an annual growth of 6.1 percent in April after rising 7.7 percent in March.
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1h 52min ago
Thai Downgrades GDP Growth Outlook
Thailand's economy is projected to expand less than the previous estimate this year as trade tariffs are likely to dampen exports in the second half of the year, the National Economic and Social Development Council said Monday. Southeast Asia's second largest economy is forecast to grow in the range of 1.3 percent to 2.3 percent this year. This was down from the previous outlook of 2.3 percent-
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3h 25min ago
European Shares Likely To Drift Lower On Concerns About US Debt
European stocks may open on a sluggish note Monday after Moody's downgraded the U.S. credit rating by one notch to Aa1 from Aaa, citing rising levels of government debt and interest payments.
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3h 47min ago
Fijian Import & Export Recalls Ready-To-Eat Meat Pie Products
Hayward, California-based Fijian Import & Export Co. Inc. is recalling around 127 pounds of ready-to-eat meat pie products from Australia that were not presented for import reinspection upon entry into the United States, according to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS. The recall involves 5.6-oz. plastic packages...
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4h 17min ago
Sensex, Nifty Marginally Lower As IT Stocks Drag
Indian shares were flat to slightly lower on Monday, with IT stocks leading losses after a U.S. credit rating downgrade.
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4h 57min ago
Australian Market Halves Early Losses In Mid-market
The Australian stock market is halving its early losses in mid-market trading on Monday, snapping an eight-session winning streak, despite the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling to near the 8,300.00 level, with weakness in iron ore miners, energy and financial stocks partially offset by gains in gold miners.
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5h 56min ago
Asian Markets Trade Mostly Lower
Asian stock markets are mostly lower on Monday, following the positive cues from Wall Street on Friday, as traders react to surprise downgrade of the US government's credit rating by one notch to Aa1 by Moody's Ratings, being the last of the three major credit rating agencies to downgrade it. They also react to China announcing anti-dumping duties on plastics from the U.S., EU, Japan and Taiwan.
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6h 12min ago
