CAC 40 Slips Into Red On China COVID Concerns

RTTNews | 945 days ago
Stocktwits
CAC 40 Slips Into Red On China COVID Concerns

(RTTNews) - French stocks fell in cautious trade on Monday, as investors avoided making big bets ahead of key U.S. inflation data as well as a trio of central bank meetings due this week.

Meanwhile, the relaxation of strict curbs has sparked concerns about a new wave of infections in China.

The benchmark CAC 40 dropped 29 points, or half a percent, to 6,646 after gaining half a percent on Friday.

China-exposed luxury firms such as LVMH and Hermes International were moving lower after a top government health adviser warned that the epidemic in China is spreading rapidly and that it will be difficult to completely cut off the transmission chain.

Sanofi SA shares fell 1.3 percent after the drug maker said it was no longer in discussions to buy Horizon Therapeutics.

Stocktwits
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NZ Dollar Falls As European Stocks Traded Lower

NZ Dollar Falls As European Stocks Traded Lower

The New Zealand dollar weakened against other major currencies in the early European session on Monday, as European stocks traded lower as investors weigh the impact of U.S. President Donald Trump's latest tariff threats.
RTTNews | 30 minutes ago
European Shares Decline On Trade War Worries

European Shares Decline On Trade War Worries

European stocks drifted lower on Monday after U.S. President Donald Trump threatened to impose a 30 percent tariff on European Union goods, raising concerns over a prolonged and deeper economic slowdown.
RTTNews | 46 minutes ago
Asian Shares Mixed As China Exports Beat Forecasts

Asian Shares Mixed As China Exports Beat Forecasts

Asian stocks ended mixed on Monday despite U.S. President Donald trump intensifying his trade war with threat of 30 percent tariffs on the European Union and Mexico. China's exports growth beat expectations in June, helping limit regional losses., if any.
RTTNews | 1h 11min ago
NZ Dollar Falls Against Majors

NZ Dollar Falls Against Majors

The New Zealand dollar weakened against other major currencies in the early European session on Monday.
RTTNews | 1h 35min ago
China Exports Growth Tops Expectations; Imports Rebound

China Exports Growth Tops Expectations; Imports Rebound

China's exports grew more than expected in June on de-escalating trade tension with the US and imports rebounded for the first time this year, signalling a positive contribution from net trade to economic growth in the second quarter, official data revealed Monday. Exports increased 5.8 percent year-on-year in June, the General Administration of Customs reported.
RTTNews | 1h 43min ago
Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian stock market is trimming its early losses in mid-market trading on Monday, extending the slight losses in the previous session, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying below the 8,600.00 level, with weakness in technology and financial stocks partially offset by gains in gold miners and energy stocks.
RTTNews | 6h 37min ago
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