CAC Moderately Lower As Investors Await Progress In Trade Talks

RTTNews | 10 days ago
CAC Moderately Lower As Investors Await Progress In Trade Talks

(RTTNews) - French stocks are notably lower on Tuesday amid rising uncertainty over U.S.-EU trade talks ahead of the August 1 deadline. The mood is very cautious with investors awaiting a slew of earnings updates from big name French companies.

According to media reports, the European Union is preparing to respond with a suite of retaliatory measures under its Anti-Coercion Instrument (ACI) following U.S. President Donald Trump's threat to impose a 30% tariff on EU goods from 1 August.

Also, the prospect of an interim trade deal between the U.S. and India before the August 1 deadline have dimmed due to persistent disagreements over key agricultural and dairy products.

The benchmark CAC 40 was down 61.68 points or 0.79% at 7,736.54 a few minutes ago.

STMicroElectronics is down 2.7%. Capgemini and Saint Gobain are down by about 2.2% and 2.1%, respectively.

Stellantis, Schneider Electric and Airbus are down 1.6 to 1.9%. Safran, Legrand, LVMH, Bureau Veritas, Vinci, EssilorLuxottica, Hermes International, Societe Generale, Air Liquide and Michelin are down 0.6 to 1.25%.

Among the gainers, Engie is up 1.35%. Edenred, Orange, Veolia Environment, Pernod Ricard, Accor, Kering and Carrefour are advancing 0.3 to 0.7%.

read more
U.S. Construction Spending Unexpectedly Sees Further Downside In June

U.S. Construction Spending Unexpectedly Sees Further Downside In June

The Commerce Department released a report on Friday unexpectedly showing a continued decrease by U.S. construction spending in the month of June. The report said construction spending fell by 0.4 percent to an annual rate of $2.136 trillion in June after sliding by 0.5 percent to a revised rate of $2.144 trillion in May.
RTTNews | 1h 59min ago
U.S. Consumer Sentiment Improves Marginally Less Than Previously Estimated In July

U.S. Consumer Sentiment Improves Marginally Less Than Previously Estimated In July

Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved marginally less than previously estimated in the month of July. The University of Michigan said its consumer sentiment index for July was downwardly revised to 61.7 from a preliminary reading of 61.8. Economists had expected the index to be upwardly revised to 62.0.
RTTNews | 2h 3min ago
U.S. Manufacturing Index Unexpectedly Dips To Nine-Month Low In July

U.S. Manufacturing Index Unexpectedly Dips To Nine-Month Low In July

Manufacturing activity in the U.S. unexpectedly contracted at a slightly faster rate in the month of July, according to a report released by the Institute for Supply Management on Friday. The ISM said its manufacturing PMI edged down to 48.0 in July after inching up to 49.0 in June with a reading below 50 indicating contraction.
RTTNews | 2h 6min ago
Eurozone Inflation Steady At 2% ECB Target

Eurozone Inflation Steady At 2% ECB Target

Euro area consumer price inflation was unchanged at the European Central Bank's 2 percent target in July, easing the pressure for more easing. The harmonized index of consumer prices increased 2.0 percent year-on-year in July, the same rate of increase as seen in June. Inflation was forecast to ease marginally to 1.9 percent.
RTTNews | 2h 52min ago
Bay Street Likely To Open On Weak Note

Bay Street Likely To Open On Weak Note

Canadian shares are set to open on a negative note on Friday as U.S. President Donald Trump's announcement of fresh tariffs on Canada and several other countries has hurt investor sentiment across global markets.
RTTNews | 4h 12min ago