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CAC 40 Edges Higher As Investors Shrug Off Inflation Concerns
(RTTNews) - French stocks were moving higher on Tuesday despite concerns that a jump in oil prices might stoke inflation and prompt the Federal Reserve to act more aggressively. Investors cheered the results of an ECB survey showing that consumer expectations for euro-area inflation fell for a second month.
The benchmark CAC 40 was up 22 points, or 0.3 percent, at 7,369 after rising 0.3 percent the previous day.
Banks BNP Paribas, Credit Agricole and Societe Generale were up between 0.8 percent and 1.5 percent.
L'Oreal shares rose half a percent after the cosmetics group reached a deal with Brazil's Natura & Co to acquire its Australian luxury brand Aesop at an enterprise value of $2.53 billion.
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South Korea Bourse May Extend Friday's Losses
The South Korea stock market on Friday wrote a finish to the four-day winning streak in which it had rallied more than 130 points or 4.1 percent. The KOSPI now sits just above the 3,175-point plateau and it may see additional consolidation on Monday.
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18 minutes ago
New Zealand Services Index Improves In June - BusinessNZ
The services sector in New Zealand continued to contract in June, albeit at a slower pace, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 47.3.
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40 minutes ago
China Trade Data Due On Monday
China will on Monday release June figures for imports, exports and trade balance, highlighting a busy day for Asia-Pacific economic activity.
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1h 18min ago
Canadian Dollar Eases Against Most Majors
The Canadian dollar retreated against its most major counterparts in the New York session on Friday.
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2 days ago
Swiss Market Ends Sharply Lower
The Switzerland market closed weak on Friday, tracking weak global cues after U.S. President Donald Trump's latest tariff moves raised fears of a global trade war.
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2 days ago
European Stocks Close Weak As Trade War Fears Hurt Sentiment
European stocks closed lower on Friday as trade war fears resurfaced after U.S. President Donald Trump announced a 35% tariff on Canadian goods, effective August 1, 2025, and warned of a blanket tariff of 15-20% on most trading partners.
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2 days ago
Canadian Market Remains Weak On Tariff Concerns
After a weak start and a subsequent drop to lower levels, the Canadian market continues to languish in negative territory a little past noon on Friday. The mood is cautious amid escalating trade war fears following U.S. President Donald Trump announced a 35% tariff on all non-USMCA Canadian imports, effective August 1.
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2 days ago
Bay Street Likely To Open Lower
Canadian shares look headed for a weak start on Friday due to trade war concerns, although fairly firm crude oil and bullion prices may help limit the market's downside. Data showing an increase in Canadian employment in the month of June and a drop in the unemployment rate may also aid sentiment a bit.
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2 days ago
