CAC 40 Drifts Lower On China Growth Concerns, Inflation Worries

RTTNews | 665 dni temu
CAC 40 Drifts Lower On China Growth Concerns, Inflation Worries

(RTTNews) - French stocks fell on Tuesday amid China growth concerns and lingering worries surrounding inflation and interest-rate rises.

The benchmark CAC 40 was down 60 points, or 0.8 percent, at 7,289 after closing 0.1 percent higher the previous day.

Banks BNP Paribas and Credit Agricole fell around 1 percent each as bond yields across Europe jumped on data showing U.K. wage growth hit a record in the three months to June.

U.K. wage growth accelerated at the strongest pace on record in the second quarter, adding to worries for the Bank of England about long term inflation pressures.

The euro remained on defensive mode ahead of U.S. retail sales data due later in the day and Wednesday's release of the minutes from the Fed's latest policy meeting.

read more
UK Jobless Rate Rises; Wage Growth Softens

UK Jobless Rate Rises; Wage Growth Softens

The UK unemployment rate rose slightly in the three months to April period and wage growth softened as the rise in social security contribution and the minimum wage started to weigh on the labor market activity. The ILO jobless rate rose to 4.6 percent in the three months to April, as expected, from 4.5 percent in the three months to March, data from the Office for National Statistics revealed T
RTTNews | 12 minut temu
Asian Shares Rise As US-China Talks Gather Momentum

Asian Shares Rise As US-China Talks Gather Momentum

Asian stocks advanced on Tuesday ahead of a second day of talks in London between China and the U.S. to resolve tariff disputes and strengthen economic relations. U.S. officials expressed optimism after the first day of negotiations, boosting investor sentiment.
RTTNews | 1g 6 minut temu
Pound Slides On Weak U.K. Employment Data

Pound Slides On Weak U.K. Employment Data

The British pound weakened against other major currencies in the early European session on Tuesday, after the U.K. unemployment rate rose slightly in the three months to April period.
RTTNews | 2g 1 minut temu
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the early European session on Tuesday.
RTTNews | 2g 23 minut temu
Australia NAB Business Conditions Ease; Confidence Improves

Australia NAB Business Conditions Ease; Confidence Improves

Australian business conditions eased in May amid ongoing profitability pressures and soft demand, while business confidence improved from the last month, survey data from NAB showed on Tuesday. A monthly survey conducted by Westpac showed that consumer confidence rose moderately in June, underpinned by interest rate cut and softening inflation.
RTTNews | 4g 15 minut temu