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CAC 40 Tumbles With Banks Under Pressure

RTTNews | 884 dni temu

CAC 40 Tumbles With Banks Under Pressure

(RTTNews) - French stocks fell sharply on Friday, with banks coming under selling pressure once again on a Bloomberg report that Credit Suisse Group and UBS Group AG are among the banks under scrutiny in a U.S. Justice Department probe for potentially helping Russian oligarchs evade sanctions.

Meanwhile, investors shrugged off data showing that French business activity strengthened in March by more than forecast.

S&P Global's flash reading for the composite PMI - which comprises both the services and manufacturing sectors - rose to 54.0 points from 51.7 in February.

The benchmark CAC 40 was down 82 points, or 1.3 percent, at 7,045 after closing 0.1 percent higher on Thursday.

Banks BNP Paribas, Credit Suisse and Societe Generale slumped 2-4 percent.

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Singapore Stock Market May See Additional Support On Monday

Singapore Stock Market May See Additional Support On Monday

The Singapore stock market has climbed higher in four straight sessions, improving more than 65 points or 1.5 percent along the way. The Straits Times Index now sits just above the 4,250-point plateau and it's got a strong lead again for Monday's trade.

RTTNews | 18 minut temu

Malaysia Stock Market Likely To Crack Resistance At 1,600 Points

Malaysia Stock Market Likely To Crack Resistance At 1,600 Points

The Malaysia stock market has moved higher in two straight sessions, collecting almost 10 points or 0.7 percent along the way. The Kuala Lumpur Composite Index now sits just shy of the 1,600-point plateau and it's expected to open to the upside again on Monday.

RTTNews | 48 minut temu

Japan Stock Market May Extend Friday's Gains

Japan Stock Market May Extend Friday's Gains

The Japan stock market on Friday halted the three-day losing streak in which it had stumbled more than 1,100 points or 2.7 percent. The Nikkei 225 now rests just above the 42,630-point plateau and it's expected to see additional support on Monday.

RTTNews | 1g 4 minut temu

South Korea Bourse May Challenge 3,200-Point Mark

South Korea Bourse May Challenge 3,200-Point Mark

The South Korea stock market has tracked higher in back-to-back sessions, collecting almost 40 points or 1.3 percent along the way. The KOSPI now sits just shy of the 3,170-point plateau and it's tipped to open in the green again on Monday.

RTTNews | 1g 7 minut temu

New Zealand Retail Sales Climb 0.5% In Q2

New Zealand Retail Sales Climb 0.5% In Q2

The total volume of retail sales in New Zealand was up a seasonally adjusted 0.5 percent on quarter in the second quarter of 2025, Statistics New Zealand said on Monday - coming in at NZ$25 billion.

RTTNews | 1g 25 minut temu

New Zealand Retail Sales Data Due On Monday

New Zealand Retail Sales Data Due On Monday

New Zealand will on Monday release Q2 numbers for retail sales, highlighting a light day for Asia-Pacific economic activity. Sales are expected to add 0.1 percent on quarter, easing from 0.8 percent in the three months prior.

RTTNews | 2g 18 minut temu

U.S. Dollar Drops After Powell's Speech

U.S. Dollar Drops After Powell's Speech

The U.S. dollar weakened against its major counterparts in the New York session on Friday, as Federal Reserve Chair Jerome Powell hinted at a potential rate cut next month.

RTTNews | 2 dni temu

TSX Hits New Record High As Stocks Rally On Fed Rate Cut Hopes

TSX Hits New Record High As Stocks Rally On Fed Rate Cut Hopes

The Canadian market is up firmly in positive territory a little past noon on Friday, with stocks from across several sectors moving higher on strong buying support amid rising hopes of an interest rate cut by the Federal Reserve in September.

RTTNews | 2 dni temu

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