CAC 40 Slides As Investors Weigh Political Risks

RTTNews | 261 dias atrás
CAC 40 Slides As Investors Weigh Political Risks

(RTTNews) - French stocks fell sharply on Monday after reports emerged that the country's far-right National Rally (RN) party will likely back a no-confidence motion against the government in the coming days unless the disputed draft budget meets her party's demands.

Investors were also reacting to the results of a survey by S&P Global that showed France's manufacturing sector faced in November its steepest decline in new orders since the first wave of the COVID-19 pandemic in 2020.

The benchmark CAC 40 was down 66 points, or 0.9 percent, at 7,169 after surging 0.8 percent on Friday.

China-related Hermes International and LVMH were up 1.6 percent and half a percent, respectively after a private survey showed the manufacturing sector in China expanded at a faster pace in November, with the corresponding PMI rising to 51.5 from 50.3 in October.

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NZ Dollar Slides As RBNZ Cuts Rate By 25 Bps

NZ Dollar Slides As RBNZ Cuts Rate By 25 Bps

The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday, after the Reserve Bank of New Zealand decided to cut its key interest rate by 25 basis points and signaled further easing.
RTTNews | 57 minutos atrás
European Economic News Preview: UK Inflation Data Due

European Economic News Preview: UK Inflation Data Due

Consumer prices from the UK and the euro area due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics publishes UK consumer prices for July. Inflation is seen rising to 3.7 percent in July from 3.6 percent in the previous month.
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China Leaves Benchmark Interest Rate Unchanged

China Leaves Benchmark Interest Rate Unchanged

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RTTNews | 1 h 27 min atrás
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Wednesday.
RTTNews | 2 h 16 min atrás
NZ Dollar Slides Against Majors

NZ Dollar Slides Against Majors

The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday.
RTTNews | 2 h 53 min atrás