Advertisement
CAC 40 Drifts Lower After Italian Windfall Tax On Banks
(RTTNews) - French stocks were moving lower on Tuesday after data showed China's exports and imports both fell more than expected in July, threatening recovery prospects and adding to pressure on policymakers to unveil additional stimulus.
Investors also awaited key inflation readings from the world's largest economies due this week for more clues on the growth and rate outlook.
The benchmark CAC 40 was down 26 points, or 0.4 percent, at 7,293 after ending flat with a positive bias in the previous session.
Banks BNP Paribas, Credit Agricole and Societe Generale fell 2-3 percent after Italy approved 40 percent windfall tax on banks' extra profits, to be applied in 2023.
Automaker Renault fell more than 1 percent on China growth concerns.
read more
Australia Interest Rate Decision On Tap For Tuesday
The Reserve Bank of Australia will wrap up its monetary policy meeting this morning and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The RBA is expected lower its benchmark lending rate by 25 basis points, to 3.60 percent from 3.85 percent.
RTTNews
|
45 minit yang lalu
U.S. Dollar Firms Against Majors
The U.S. dollar strengthened against its major counterparts in the New York session on Monday.
RTTNews
|
2j 8min yang lalu
Swiss Market Fails To Hold Early Gains, Ends Just Slightly Up
Despite opening on a firm note, the Switzerland market paring gains and even slipped into negative territory in late afternoon trades on Monday, but managed to end the day's session slightly up.
RTTNews
|
5j 1min yang lalu
European Stocks Close On Mixed Note After Cautious Session
European stocks turned in a mixed performance on Monday after a cautious session as investors looked ahead to upcoming talks between the U.S. and Russia on the Ukraine war issue, and the ongoing tariff negotiations between the U.S. and China, as well as some crucial economic data, including a report on consumer price inflation in the world's largest economy.
RTTNews
|
5j 25min yang lalu
Rate Cut Hopes Drag The Dollar Down
The U.S. dollar declined against major currencies during the week ended August 8 amidst weak economic data that renewed hopes of a larger-than expected and higher-than-expected monetary policy easing by the Federal Reserve.
RTTNews
|
8j 5min yang lalu
Bay Street Likely To Open Slightly Higher, But Weak Metal Prices Could Weigh
Canadian stocks may open with a slightly positive bias on Monday with investors looking ahead to the crucial U.S. inflation data due this week. The focus is also Trump administration's trade negotiations with China, and on the upcoming talks between the U.S. and Russia, aimed at bringing an end to the war in Ukraine.
RTTNews
|
10j 18min yang lalu
FTSE 100 Up Marginally As Investors Look For Direction
The U.K. market is up in positive territory a little before noon on Monday with select counters attracting some strong buying interest. Uncertainty on the tariff front is rendering the mood a bit cautious and limiting the market's upside.
RTTNews
|
11j 53min yang lalu
CAC 40 Drifts Lower In Lackluster Trade
French stocks are down in negative territory on Monday as investors look for direction and make cautious moves while awaiting U.S. - Russia talks set to take place later in the week.
RTTNews
|
12j 13min yang lalu
