CAC 40 Declines On Growth Worries

RTTNews | 794 dias atrás
CAC 40 Declines On Growth Worries

(RTTNews) - French stocks fell on Tuesday amid growth concerns after a survey showed business activity in the country grew at the slowest pace in four months in May.

The flash reading for the May composite PMI - which comprises both the services and manufacturing sectors - fell from 52.4 to 51.4 - marking the lowest level since a January reading of 49.0. Economists forecast a reading of 52.0 points.

U.S. debt ceiling worries and signs of increasing Sino-U.S. tensions also kept investors nervous.

The benchmark CAC 40 was down 0.8 percent at 7,416 after closing 0.2 percent lower the previous day.

Lender Societe Generale jumped 2.4 percent after the lender confirmed the launch of a global employee share ownership program.

read more
Volkswagen Stock Up On Volume Growth, Despite Weak Q2 Profit, Outlook Cut

Volkswagen Stock Up On Volume Growth, Despite Weak Q2 Profit, Outlook Cut

Shares of Volkswagen Group were gaining around 4 percent in the German trading after the automajor reported Friday slightly higher sales volume in the second quarter, even though profit and revenues were lower and the firm trimmed fiscal 2025 outlook. The latest results were hit partly by higher sales of lower-margin all-electric models, as well as increased US import tariffs and restructuring...
RTTNews | 1 h 6 min atrás
CAC 40 Pares Early Losses, Up Marginally

CAC 40 Pares Early Losses, Up Marginally

French stocks are a bit subdued in cautious trade on Friday amid a few disappointing earnings updates, and some uncertainty about U.S.-EU trade deal ahead of the August 1 deadline.
RTTNews | 1 h 16 min atrás
Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against most major currencies in the European session on Friday.
RTTNews | 1 h 41 min atrás
DAX Drifts Lower As Investors Await Progress On Trade Front

DAX Drifts Lower As Investors Await Progress On Trade Front

German stocks are notably lower on Friday as investors react to a slew of corporate earnings announcements, and closely follow the developments on the trade front. European Union officials are voicing optimism about a possible trade deal with the United States, but U.S. President Donald Trump's position is seen to have hardened ahead of the August 1 deadline.
RTTNews | 1 h 45 min atrás
Yen Falls As Tokyo CPI Inflation Slows

Yen Falls As Tokyo CPI Inflation Slows

The safe-haven Japanese yen weakened against other major currencies in the Asian session on Friday, as data showed Tokyo CPI inflation eased more than expected in July, complicating the Bank of Japan's interest-rate hike prospects.
RTTNews | 1 h 51 min atrás
Sensex, Nifty Tumble On US Trade Deal Uncertainty

Sensex, Nifty Tumble On US Trade Deal Uncertainty

Indian shares fell sharply on Friday, with uncertainty around U.S. trade deal, signs of slowing earnings growth and continued selling by foreign investors weighing on markets.
RTTNews | 1 h 56 min atrás
German Business Sentiment Strongest In More Than A Year

German Business Sentiment Strongest In More Than A Year

German business confidence improved to the highest level in more than a year in July despite heightening trade tensions, survey results from the Munich-based ifo Institute showed on Friday. The business climate index registered 88.6 in July, up from 88.4 in the previous month. The reading was below forecast of 89.0 but the highest since May 2024.
RTTNews | 1 h 59 min atrás