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CAC 40 Extends Losses As Luxury Stocks Drag

RTTNews | 1012 dias atrás

CAC 40 Extends Losses As Luxury Stocks Drag

(RTTNews) - French stocks tumbled on Thursday, as investors reacted to fresh hawkish commentary from another key Fed official and a disappointing report on monthly private payrolls in the United States.

Traders also looked ahead to next week's ECB meeting after some policymakers called for another big interest rate hike to preserve the credibility of the central bank's inflation target.

The benchmark CAC 40 was down 101 points, or 1.7 percent, at 6,023 after falling 1.4 percent to extend its losing streak for the fifth straight session on Wednesday.

Spirits group Pernod Ricard fell about 1 percent despite posting better-than-expected annual results.

Luxury stocks were coming under selling pressure, with Hermes and LVMH declining 2-3 percent, after a private survey showed the country's manufacturing sector slipped into contraction for the first time in three months in August amid weakening demand.

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Church & Dwight Recalls All Lots Of Zicam Nasal, Orajel Teething Swabs

Church & Dwight Recalls All Lots Of Zicam Nasal, Orajel Teething Swabs

Church & Dwight Co., Inc. has called back all lots of Zicam nasal swabs and Orajel baby teething swabs citing potential microbial contamination, according to the U.S. Food and Drug Administration. Cold remedy nasal swabs are a zinc-free, homeopathic cold remedy swab designed to shorten the duration of the common cold

RTTNews | 32 minutos atrás

European Shares Little Changed Before Sino-US Trade Talks

European Shares Little Changed Before Sino-US Trade Talks

European stocks were subdued on Monday as top officials from the U.S. and China meet in London later in the day to resolve their differences and ease rare-earth mineral tensions.

RTTNews | 1 h 13 min atrás

Asian Shares Mostly Higher On Sino-US Trade Talk Optimism

Asian Shares Mostly Higher On Sino-US Trade Talk Optimism

Asian stocks rose broadly on Monday amid hopes that another round of U.S.-China trade talks that will take place in London later today could help ease trade tensions between the two superpowers.

RTTNews | 1 h 35 min atrás

Yen Rises After Japan GDP Data

Yen Rises After Japan GDP Data

The Japanese yen strengthened against other major currencies in the Asian session on Monday, after data showed that an upward revision to Japan's first quarter GDP supporting the interest rate hike expectations.

RTTNews | 2 h 36 min atrás

China Consumer Prices Fall For Fourth Month; Exports Rise

China Consumer Prices Fall For Fourth Month; Exports Rise

China's consumer prices declined for the fourth consecutive month and the decline in producer prices worsened in May, deepening deflation worries among policymakers as domestic demand remained weak despite taking enormous measures to boost consumption. Another report showed an increase in exports in May despite a sharp decline in shipments to the US due to trade tariff uncertainties.

RTTNews | 3 h 9 min atrás

Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Monday.

RTTNews | 3 h 38 min atrás

Australian Dollar Rises As Traders Focus On US-China Trade Talks

Australian Dollar Rises As Traders Focus On US-China Trade Talks

The Australian dollar strengthened against other major currencies in the Asian session on Monday, as traders will be closely watching the US-China trade discussions because they will impact the next move in the Australian Dollar (AUD).

RTTNews | 4 h 6 min atrás

European Shares Likely To Open On Soft Note

European Shares Likely To Open On Soft Note

European stocks are seen opening broadly lower on Monday as investors react to Trump-Elon Musk feud over the president's tax-and-spending plan and await the high-level U.S.-China trade talks.

RTTNews | 4 h 36 min atrás

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