CAC 40 Dips On Growth Concerns

RTTNews | 1024 dagar sedan
CAC 40 Dips On Growth Concerns

(RTTNews) - French stocks were moving lower on Thursday, with a lack of information on China's COVID outbreak and fears of a global recession weighing on sentiment.

Experts have expressed deep concerns that China may not be sharing data on any signs of evolving strains that could spark fresh outbreaks in countries around the world.

After Beijing announced plans to reopen its borders, Italy, Japan, Taiwan, India and the United States have announced mandatory tests on visitors from China.

Investors also fretted about the impact of the Fed's monetary tightening on global growth heading into 2023.

The benchmark CAC 40 was down 15 points, or 0.2 percent, at 6,492 after losing 0.6 percent the previous day.

China-exposed luxury firms such as LVMH and Kering were moving lower as uncertainties mount over China.

read more
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

The Switzerland market ended weak on Friday, in line with markets across Europe, as concerns about the health of U.S. regional banks hurt sentiment and triggered a sell-off in financials stocks across the globe.
RTTNews | 23h 3minuter sedan
TSX Down Sharply; Materials Stocks Tumble

TSX Down Sharply; Materials Stocks Tumble

The Canadian market is down sharply in negative territory Friday afternoon due to a sell-off in materials stocks. Concerns about growth after Bank of Canada Governor Tiff Maclem warned that spillovers from U.S. President Donald Trump's tariff policies could weaken the economy.
RTTNews | 1 dag sedan
Bay Street Headed For Weak Start

Bay Street Headed For Weak Start

Lower Canadian and U.S. futures amid worries about the health of US regional banks, and lingering concerns about U.S.-China trade tensions point to a weak start for the Canadian market on Friday.
RTTNews | 1 dag sedan
FTSE 100 Down 1.4%; Bank Stocks Fall On U.S. Lenders' Credit Woes

FTSE 100 Down 1.4%; Bank Stocks Fall On U.S. Lenders' Credit Woes

The UK market is down sharply on Friday, hurt by a sell-off in the financials sector amid concerns about the health of U.S. banks after a couple of regional banks disclosed that they were exposed to alleged fraud by borrowers, spreading jitters about credit market turmoil.
RTTNews | 1 dag sedan
Pound Falls Amid BoE Rate Cut Speculation

Pound Falls Amid BoE Rate Cut Speculation

The British pound weakened against other major currencies in the European session on Friday, amid rising expectations that the Bank of England (BoE) will cut interest rates further this year.
RTTNews | 1 dag sedan