CAC 40 Slips Into Red In Cautious Trade

RTTNews | 873天前
CAC 40 Slips Into Red In Cautious Trade

(RTTNews) - French stocks were moving lower on Monday as investors awaited earnings from big tech companies including Alphabet, Microsoft, Amazon and Meta this week for directional cues.

Traders also await a reading on U.S. first-quarter GDP for further clues on the health of the world's largest economy.

The benchmark CAC 40 was down 19 points, or 0.3 percent, at 7,557 after closing half a percent higher on Friday.

Media group Vivendi fell 1.4 percent after it entered into a put option agreement with International Media Invest for the sale of publishing business Editis.

Casino Guichard Perrachon SA was marginally higher. The French retail group, Groupement Les Mousquetaires and TERACT are in talks to extend their deals for a new entity to be formed between Casino and TERACT.

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European Markets Close Mostly Flat

European Markets Close Mostly Flat

The major European markets closed roughly flat on Friday as the mood turned cautious with investors awaiting Fitch's review of France's sovereign rating. Shares from automobile, banking and healthcare sectors were among the laggards, while mining stocks found fairly good support.
RTTNews | 1天前
Canadian Market Drifts Lower On Profit Taking

Canadian Market Drifts Lower On Profit Taking

Despite rising odds of interest rate cuts by the Bank of Canada and the Federal Reserve next week, the Canadian market is down in negative territory on Friday, taking a breather after consistently hitting record highs over the past several sessions.
RTTNews | 1天前
U.S. Consumer Sentiment Deteriorates Much More Than Expected In September

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Preliminary data released by the University of Michigan on Friday showed consumer sentiment in the U.S. has deteriorated by much more than anticipated in the month of September. The University of Michigan said its consumer sentiment index fell to 55.4 in September from 58.2 in August. Economists had expected the index to edge down to 58.0.
RTTNews | 1天前
UK Economy Flatlines In July

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The UK economy stagnated in July, posing further challenges to Chancellor Rachel Reeves as any tax hikes or spending cuts would again dampens activity. Real gross domestic product showed no growth in July, as expected, after rising 0.4 percent in June, the Office for National Statistics reported Friday.
RTTNews | 1天前
Bay Street Likely To Open On Mixed Note

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Canadian shares may open on a mixed note Friday morning as investors are likely to take some profits after recent gains. Firm gold and oil prices may push up resources stocks.
RTTNews | 1天前
Russia Central Bank Cuts Rate By 100 Bps

Russia Central Bank Cuts Rate By 100 Bps

Russia's central bank slashed its benchmark interest rate for the third time this year as higher lending rates weigh on business activity and damp economic recovery. The Board of Directors of Bank of Russia, governed by Elvira Nabiullina, decided to cut the key interest rate by 100 basis points to 17.00 percent from 18.00 percent.
RTTNews | 1天前