CAC 40 Declines On Weak PMI Data

RTTNews | 729 hari yang lalu
CAC 40 Declines On Weak PMI Data

(RTTNews) - French stocks declined on Tuesday after a private survey showed China's factory activity fell into contraction territory for the first time since April.

Japan, South Korea, Taiwan and Vietnam also saw manufacturing activity contracting in July, raising fresh concerns about Asia's fragile economic recovery.

Closer home, a monthly survey showed that France's manufacturing activity slumped further in July amid deteriorating demand conditions.

The index stood at 45.1 in the month, compared to an initial estimate of 44.5 and 46.0 in June, final results from the S&P monthly survey showed.

"Production fell at a rapid pace, new orders continued to fall, and producers cut jobs at the fastest rate since the start of the COVID-19 pandemic. ", Cyrus de la Rubia, chief economist at the Hamburg Commercial Bank said.

The benchmark CAC 40 was down 61 points, or 0.8 percent, at 7,437 after rising 0.3 percent in the previous session.

read more
Japan Interest Rate Decision Due On Thursday

Japan Interest Rate Decision Due On Thursday

The Bank of Japan will wrap up its monetary policy meeting on Thursday and then announce its decision on interest rates, highlighting a busy day for Asia-Pacific economic activity. The BoJ is widely expected to keep its benchmark lending rate steady at 0.50 percent.
RTTNews | 15 minit yang lalu
Fed Leaves Interest Rates Unchanged In Divided Decision

Fed Leaves Interest Rates Unchanged In Divided Decision

The Federal Reserve on Wednesday announced its widely expected decision to leave interest rates unchanged for the fifth consecutive meeting. In support of its dual goals of maximum employment and inflation at the rate of 2 percent over the longer run, the Fed said it decided to maintain the target range for the federal funds rate at 4.25 to 4.50 percent.
RTTNews | 3j 50min yang lalu
Swiss Market Settles Lower After Choppy Session

Swiss Market Settles Lower After Choppy Session

The Switzerland market ended on a weak note on Wednesday despite spending much of the day's trading session in positive territory. The focus was on corporate earnings and the developments on the trade front.
RTTNews | 4j 15min yang lalu
U.S. Pending Home Sales Unexpectedly Decrease In June

U.S. Pending Home Sales Unexpectedly Decrease In June

Pending home sales in the U.S. unexpectedly decreased in the month of June, according to a report released by the National Association of Realtors on Wednesday. NAR said its pending home sales index slid by 0.8 percent to 72.0 in June after jumping by 1.8 percent to 72.6 in May. Economists had expected pending home sales to rise by 0.2 percent.
RTTNews | 7j 16min yang lalu
Bank Of Canada Leaves Interest Rates Unchanged For Third Straight Meeting

Bank Of Canada Leaves Interest Rates Unchanged For Third Straight Meeting

In a widely expected move, the Bank of Canada on Wednesday announced that it has once again decided to leave interest rates unchanged. The Bank of Canada said it decided to maintain its target for the overnight rate at 2.75 percent, with the Bank Rate at 3 percent and the deposit rate at 2.70 percent.
RTTNews | 8j 0min yang lalu
U.S. GDP Rebounds In Q2 Amid Sharp Pullback By Imports

U.S. GDP Rebounds In Q2 Amid Sharp Pullback By Imports

The Commerce Department released a report on Wednesday showing the U.S. economy rebounded by more than expected in the second quarter of 2025. The report said real gross domestic product surged by 3.0 percent in the second quarter after falling by 0.5 percent in the first quarter. Economists had expected GDP to jump by 2.5 percent.
RTTNews | 8j 10min yang lalu