CAC 40 Slides On Recession Worries

RTTNews | 1169 hari yang lalu
CAC 40 Slides On Recession Worries

(RTTNews) - French stocks fell notably on Tuesday as concerns grew that aggressive monetary tightening and geopolitical risks could tip the global economy into a recession.

The dollar edged higher on safe-haven demand, as Russia intensified its attacks against Ukraine and Federal Reserve Vice Chair Lael Brainard said the central bank has no intentions of a dovish pivot in the near-term, and the actual policy path will be data dependent

Elsewhere, China vowed to stick to its zero-COVID policy as infections ticked up ahead of 20th Party Congress.

The benchmark CAC 40 was down 52 points, or 0.9 percent, at 5,788 after losing half a percent in the previous session.

Sanofi shares rose about 1 percent. Regeneron Pharmaceuticals Inc. and the French drug maker have presented late-breaking positive results from a Phase 3 trial evaluating the investigational use of Dupixent (dupilumab) in children aged 1 to 11 years with active eosinophilic esophagitis.

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European Stocks Close Broadly Higher

European Stocks Close Broadly Higher

European stocks closed higher on Tuesday with some of the markets hitting fresh highs, amid continued optimism the Federal Reserve will consider more rate cuts next year. The volume of business was thin in most the markets as traders remained on the sidelines ahead of upcoming Christmas holidays.
RTTNews | 9j 35min yang lalu
Canadian Stocks Turning In Mixed Performance

Canadian Stocks Turning In Mixed Performance

Canadian stocks are turning in a mixed performance on Tuesday with investors digesting the nation's GDP data and a slew of economic reports from the U.S. With truncated sessions and holidays ahead, the mood in the market remains a bit subdued and the volume of business is rather thin.
RTTNews | 10j 17min yang lalu
U.S. Consumer Confidence Deteriorates For Fifth Straight Month In December

U.S. Consumer Confidence Deteriorates For Fifth Straight Month In December

Consumer confidence in the U.S. deteriorated for the fifth consecutive month in December, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index slid to 89.1 in December from an upwardly revised 92.9 in November.
RTTNews | 12j 14min yang lalu
U.S. Industrial Production Rises 0.2% In November, Slightly More Than Expected

U.S. Industrial Production Rises 0.2% In November, Slightly More Than Expected

A report released by the Federal Reserve on Tuesday showed industrial production in the U.S. increased by slightly more than expected in the month of November. The Fed said industrial production rose by 0.2 percent in November after edging down by 0.1 percent in October. Economists had expected industrial production to inch up by 0.1 percent.
RTTNews | 12j 18min yang lalu
U.S. Economy Grows Much More Than Expected In Q3

U.S. Economy Grows Much More Than Expected In Q3

A report released by the Commerce Department on Tuesday showed the U.S. economy grew by much more than expected in the third quarter of 2025. The Commerce Department said real gross domestic product spiked by 4.3 percent in the third quarter after surging by 3.8 percent in the second quarter. Economists had expected GDP to jump by 3.3 percent.
RTTNews | 12j 39min yang lalu
U.S. Durable Goods Orders Plunge 2.2% In October, More Than Expected

U.S. Durable Goods Orders Plunge 2.2% In October, More Than Expected

Reflecting a steep drop in orders for transportation equipment, the Commerce Department released a report on Tuesday showing new orders for U.S. manufactured durable goods fell by more than expected in the month of October. The report said durable goods orders tumbled by 2.2 percent in October after climbing by an upwardly revised 0.7 percent in September.
RTTNews | 12j 53min yang lalu