CAC 40 Declines As Bond Yields Surge

RTTNews | 13 days ago
CAC 40 Declines As Bond Yields Surge

(RTTNews) - French stocks tumbled on Tuesday as robust gains in March retail sales figures combined with upward revisions in the prior two months added to concerns about the outlook for U.S. interest rates.

Investors also pondered over a wider Middle East conflict. Israel is weighing possible response actions to Iran's aggression, but it is not clear if a decision has been made.

The benchmark CAC 40 was down 104 points, or 1.30 percent, at 7,941 after edging up 0.4 percent the previous day.

Amundi fell 1.5 percent. The subsidiary of banking major Credit Agricole SA and Victory Capital Holdings Inc., has signed a pact to combine Amundi US into Victory Capital.

Vallourec was down more than 2 percent. The steel tube products manufacturing company said it launched offering of $820 million Senior Notes due 2032.

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Japan Data On Tap For Tuesday

Japan Data On Tap For Tuesday

Japan is scheduled to release a raft of data on Tuesday, highlighting a busy day for Asia-Pacific economic activity. On tap are March figures for unemployment, industrial production, retail sales, construction orders and housing starts.
RTTNews | 5h 5min ago
Canadian Market Ends Marginally Up After Lackluster Session

Canadian Market Ends Marginally Up After Lackluster Session

The Canadian market ended slightly higher on Monday, thanks to gains in select healthcare, energy, materials and utilities stocks. Stocks moved in a tight band in somewhat lackluster moves by investors who stayed cautious, looking ahead to Fed policy announcement, and some crucial economic data, due later in the week.
RTTNews | 6h 2min ago
Dollar Drifts Lower Against Major Counterparts

Dollar Drifts Lower Against Major Counterparts

The U.S. dollar turned in a weak performance against its major counterparts on Monday with traders awaiting the Federal Reserve's monetary policy announcement on Wednesday. The accompanying statement and Fed Chair Jerome Powell's post meeting press meet are eyed for clues about the central bank's future interest rate moves.
RTTNews | 6h 30min ago
Canadian Market Flat In Lackluster Trade

Canadian Market Flat In Lackluster Trade

The Canadian market is roughly flat Monday afternoon with investors largely making cautious moves as they await the U.S. Federal Reserve's monetary policy announcement, and the data on Canadian GDP and U.S. jobs data due later in the week.
RTTNews | 8h 39min ago
Swiss Market Ends Slightly Lower

Swiss Market Ends Slightly Lower

Despite spending much of the day's trading session in positive territory, the Switzerland market ended marginally down on Monday as stocks drifted lower on selling pressure in late afternoon trades.
RTTNews | 9h 56min ago
Major European Markets Close On Slightly Negative Note

Major European Markets Close On Slightly Negative Note

Major European stock markets ended somewhat weak on Monday, as investors digested quarterly earnings updates from big name European and U.S. companies, and looked ahead to the Federal Reserve's monetary policy.
RTTNews | 10h 18min ago