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CAC 40 Declines As Banks Drag After Credit Suisse Rescue
(RTTNews) - French stocks opened lower on Monday amid fears of a deepening banking crisis.
Risk aversion gripped markets despite global central banks announcing measures to provide dollar liquidity in a bid to stem fallout from panic in the banking sector.
Concerns mounted about the health of the global financial system despite UBS Group AG, Switzerland's largest banking group, agreeing to buy the crisis-hit Credit Suisse Group AG in a historic, government-brokered deal.
The benchmark CAC 40 was down 0.7 percent at 6,875 after declining 1.4 percent on Friday.
Banks led losses, with BNP Paribas, Credit Agricole and Societe Generale falling 3-6 percent.
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Japan Data On Tap For Friday
Japan will release a batch of data on Friday, headlining a modest day for Asia-Pacific economic activity. On tap are June figures for household spending and current account and July numbers for bank lending and the eco watchers survey.
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39 minutes ago
U.S. Dollar Rises As Waller Emerges As Potential Fed Chair Successor
The U.S. dollar climbed against its most major counterparts in the New York session on Thursday, as Federal Reserve governor Christopher Waller emerged as a top candidate to replace Chair Jerome Powell.
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1h 25min ago
U.S. Wholesale Inventories Inch Up Less Than Expected In June
Wholesale inventories in the U.S. crept up by less than expected in the month of June, according to a report released by the Commerce Department on Thursday. The Commerce Department said wholesale inventories inched up by 0.1 percent in June after falling by 0.3 percent in May. Economists had expected wholesale inventories to rise by 0.2 percent, in line with the preliminary estimate.
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U.S. Labor Productivity Rebounds Roughly In Line With Estimates In Q2
Labor productivity in the U.S. saw a significant rebound in the second quarter of 2025, according to preliminary data released by the Labor Department on Thursday. The report said labor productivity shot up by 2.4 percent in the second quarter after tumbling by a downwardly revised 1.8 percent in the first quarter.
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U.S. Jobless Claims Rise More Than Expected To 226,000
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 2nd. The Labor Department said initial jobless claims climbed to 226,000, an increase of 7,000 from the previous week's revised level of 219,000.
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8h 12min ago
Bank Of England Cuts Rate In Tight Vote
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Global Cues, Firm Commodity Prices Point To Another Firm Start On Bay Street
Canadian shares are likely to open higher Thursday morning, tracking positive global cues and higher commodity prices.
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9h 52min ago
U.S. Labor Productivity Surges 2.4% In Second Quarter
Labor productivity in the U.S. saw a significant rebound in the second quarter of 2025, according to preliminary data released by the Labor Department on Thursday.
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