CAC-40 Falls As Monetary Policy Pressures Sentiment

RTTNews | 756 days ago
CAC-40 Falls As Monetary Policy Pressures Sentiment

(RTTNews) - The CAC-40 slipped on Friday as caution ahead of the monetary policy reviews played spoilsport. Disappointing inflation readings from China also weighed. Fears ahead of the release of the CPI data from the U.S. also hit market mood.

The CAC-40 is currently trading at 7,209.38, losing 0.18 percent from the previous close. The day's trading has been between 7,196.68 and 7239.52. Of the 40 scrips in the index, only 13 are trading in positive territory.

Societe Generale, Unibail-Rodamco-Westfield, Teleperformance, have all gained more than 2.5 percent in the day's trading. STMicroelectronics rallied more than 1 percent.

Danone, Vivendi and Eurofins Scientific have declined more than 2 percent.

The safe haven demand for the Dollar triggered by the weak inflation readings from China lifted the Dollar Index, a measure of the Dollar's relative strength, by 0.20 percent to 103.54. The Dollar's strength dragged down the EUR/USD pair 0.11 percent to 1.2546.

In tandem with the global trend, the yield on France's ten-year bond has decreased 0.40 percent overnight to 2.965%, from the previous close of 2.977%.

read more
TSX Settles Roughly Flat

TSX Settles Roughly Flat

The Canadian stock market ended flat on Friday, amid uncertainty on US-Canada trade deal even as July 9 deadline set by the US President for tariff agreement is fast approaching.
RTTNews | 16 minutes ago
Swiss Market Ends Slightly Down

Swiss Market Ends Slightly Down

After languishing in negative territory till a little before the final hour of the day's trading session, the Switzerland market managed to emerge into positive zone on Friday but failed to hold firm and eventually settled with a marginal loss.
RTTNews | 6h 59min ago
TSX Up Marginally After Posting New Record High

TSX Up Marginally After Posting New Record High

The Canadian market is up marginally a little past noon on Friday with investors largely making cautious moves on weak private sector activity report, and amid uncertainty about Trump administration's tariff moves.
RTTNews | 8h 28min ago
German Factory Orders Log Bigger-Than-Expected Fall

German Factory Orders Log Bigger-Than-Expected Fall

Germany's factory orders declined more than expected in May on falling demand from both the domestic market and other euro area economies, official data revealed on Friday. Factory orders decreased 1.4 percent from a month ago, Destatis reported. Orders were expected to drop 0.2 percent after an upwardly revised 1.6 percent rise in April. Orders declined for the first time in four months.
RTTNews | 11h 56min ago
Bay Street Headed For Weak Start

Bay Street Headed For Weak Start

Canadian shares are likely to open on a negative note Friday morning, tracking weak European stocks and lower crude oil prices. Concerns about tariffs may weigh down on sentiment. Trading volumes are likely to remain thin as the U.S. market is closed for Independence Day holiday.
RTTNews | 12h 19min ago
UK Construction Sector Contraction Slowest In 6 Months

UK Construction Sector Contraction Slowest In 6 Months

UK construction activity declined at the slowest pace since the current period of contraction began in January, survey results from S&P Global showed on Friday. The headline construction Purchasing Managers' Index rose to 48.8 in June from 47.9 in May. The expected score was 48.6. Any reading below 50.0 indicates an overall reduction in construction activity.
RTTNews | 12h 27min ago