Advertisement
CAC 40 Rallies As Inflation Worries Ease
(RTTNews) - French stocks rallied on Friday as investors pared back their inflation expectations.
As commodities extend declines on worries of a possible recession, investors are pinning hopes that inflation will start easing.
The benchmark CAC 40 jumped 76 points, or 1.3 percent, to 5,959 after losing 0.6 percent in the previous session.
Banks traded mixed, with Credit Agricole rising nearly 2 percent.
Automaker Renault fell over 1 percent as concerns over a global economic slowdown intensified.
Sanofi shares jumped 2.1 percent. The French drug major and GSK announced positive data from their vaccine trial which evaluated an adjuvanted bivalent D614 and Beta (B.1.351) vaccine candidate.
read more
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
|
40 minutes ago
European Stocks Close Weak As Tariff Concerns Weigh On Sentiment
European stocks closed lower on Friday amid concerns about U.S. tariffs, and on some disappointing regional economic data.
RTTNews
|
1h 0min ago
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
|
2h 8min ago
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
|
5h 37min ago
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
|
6h 0min ago
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
|
6h 7min ago
U.S. Dollar Falls On U.S. Tariff Uncertainty
The U.S. dollar weakened against other major currencies in the European session on Friday, as the unpredictable economic policies of U.S. President Donald Trump and the decline in trust in the Federal Reserve, led to the downturn of USD.
RTTNews
|
6h 32min ago
FTSE 100 Modestly Lower
U.K. stocks are down in negative territory a little past noon on Friday amid trade tensions ahead of the U.S. government's tariff deadline.
RTTNews
|
7h 23min ago
