CAC 40 Tumbles On Energy Woes

RTTNews | 1088 days ago
CAC 40 Tumbles On Energy Woes

(RTTNews) - French stocks fell sharply on Monday amid a deepening energy crisis in the region.

The EU countries' energy ministers will meet on Sept. 9 to discuss options to rein in soaring energy prices after Russia halted the flow of natural gas.

European gas prices soared 30 percent in early trading today as the energy crisis threatened to turn into an economic and financial crisis.

Investors were also reacting to data showing that France's dominant services sector lost more steam in August.

The benchmark CAC 40 was down 116 points, or 1.9 percent, at 6,051 after rising 2.2 percent on Friday.

Sanofi shares fell about 1 percent. The drugs group said it plans to name outgoing Société Générale boss Frédéric Oudéa as chair to replace veteran private equity executive Serge Weinberg at the next shareholders meeting.

read more
Japan Data On Tap For Friday

Japan Data On Tap For Friday

Japan is scheduled to release a batch of data on Friday, headlining a busy day for Asia-Pacific economic activity. On tap are July figures for unemployment, industrial production, retail sales, housing starts and construction orders, as well as August data for household confidence and Tokyo inflation.
RTTNews | 1h 8min ago
Euro Climbs Against Majors

Euro Climbs Against Majors

The euro firmed against its major counterparts in the New York session on Thursday.
RTTNews | 1h 40min ago
Swiss Market Ends Marginally Up

Swiss Market Ends Marginally Up

The Switzerland market ended marginally up on Thursday after a choppy ride as stocks swung between gains and losses right through the day's trading session.
RTTNews | 5h 18min ago
European Stocks Close Weak

European Stocks Close Weak

European stocks closed lower on Thursday as the mood remained largely cautious with investors closely following geopolitical news, digesting tech giant Nvidia's earnings, and some crucial economic data from the U.S.
RTTNews | 5h 38min ago
U.S. Pending Home Sales Fall More Than Expected In July

U.S. Pending Home Sales Fall More Than Expected In July

A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. fell by more than expected in the month of July. NAR said its pending home sales index decreased by 0.4 percent to 71.7 in July after sliding by 0.8 percent to 72.0 in June. Economists had expected pending home sales to edge down by 0.1 percent.
RTTNews | 8h 38min ago
Eurozone Economic Confidence Weakens In August

Eurozone Economic Confidence Weakens In August

Eurozone economic sentiment softened unexpectedly in August as only industry and retail trade showed improvements, survey results from the European Commission showed Thursday. The economic sentiment indicator slid to 95.2 in August from a revised 95.7 in the previous month. The score was forecast rise to 96.0.
RTTNews | 8h 48min ago