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CAC 40 Slips As Investors Look To ECB

RTTNews | 583 дней спустя

CAC 40 Slips As Investors Look To ECB

(RTTNews) - French stocks traded slightly lower on Wednesday as traders waited to see if the European Central Bank would raise rates on Thursday against the backdrop of weakening economic activity and cooling inflation.

Investors also kept a close eye on the Middle East war as the Israel Défense Forces (IDF) gear up for a significant ground offensive in the Gaza Strip.

The benchmark CAC 40 was down 15 points, or 0.2 percent, at 6,878 after gaining 0.6 percent the previous day.

China-exposed luxury group Kering lost 3 percent after revenue declined in Q3. Dassault Systemes jumped 6.3 percent after the software maker raised its 2023 profit outlook.

Industrial-gas supplier Air Liquide rose about half a percent after the company said its project backlog and investment plans are at record levels.

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Crude Oil Prices Slip On Friday

Crude Oil Prices Slip On Friday

Crude suffered a weekly loss of more than 1 percent due to uncertainty over U.S. President Donald Trump's tariffs and their likely impact on global growth and fuel demand.

RTTNews | 4ч 32мин назад

Pound Drops As Trade Tensions Renew

Pound Drops As Trade Tensions Renew

The pound fell against its major counterparts in the New York session on Friday, as trade tensions escalated after the U.S. President accused China of violating trade agreement reached earlier this month.

RTTNews | 4ч 33мин назад

Weighed Down By Tariff Uncertainty, Gold Slides

Weighed Down By Tariff Uncertainty, Gold Slides

The swift changes in successive US court rulings on tariffs and a softer inflation report caused a slide in gold price on Friday.

RTTNews | 4ч 40мин назад

Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

Save for a few minutes at the start when it stayed a bit weak, the Switzerland market remained positive on Friday, and despite coming off the day's high hit around noon, ended the session modestly higher.

RTTNews | 6ч 47мин назад

Major European Markets Close Slightly Higher

Major European Markets Close Slightly Higher

Despite uncertainty surrounding Trump administration's tariff plans, The major European markets mostly closed higher on Friday. Trade tensions escalated after the U.S. President accused China of violating trade agreement reached earlier this month, but investors picked up stocks amid expectations of an interest rate cut by the European Central Bank.

RTTNews | 7ч 11мин назад

Canadian Market Modestly Lower, Looks Headed For Another Weak Close

Canadian Market Modestly Lower, Looks Headed For Another Weak Close

The Canadian market is exhibiting weakness on Friday, weighed down by losses in energy, healthcare and technology sectors. Amid renewed concerns about a global trade war, the mood in the market remains cautious.

RTTNews | 8ч 8мин назад

U.S. Stocks Broadly Lower In Cautious Trade

U.S. Stocks Broadly Lower In Cautious Trade

U.S. stocks are turning in a weak performance on Friday amid renewed concerns over trade tensions, and a batch of mixed economic data. The major averages all are down in negative territory, with the tech-laden Nasdaq underperforming.

RTTNews | 8ч 40мин назад

U.S. Consumer Prices Inch Up In Line With Estimates In April

U.S. Consumer Prices Inch Up In Line With Estimates In April

Consumer prices in the U.S. crept slightly higher in the month of April, according to a closely watched report released by the Commerce Department on Friday.

RTTNews | 11ч 56мин назад

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