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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.
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Canadian Dollar Advances Against Majors
The Canadian dollar firmed against its major counterparts in the New York session on Friday.
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Pred 1 h 42 min
Swiss Market Ends Higher For 2nd Straight Session
The Switzerland market opened on a slightly weak note on Friday, but recovered swiftly and then kept edging higher to eventually end the day's session on a firm note.
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Pred 6 h 44 min
Major European Markets Close Slightly Weak
The major European markets closed slightly down on Friday as investors assessed recent moves of the central banks and weighed the potential impact of tariffs. A bit of profit taking also contributed to the market's weak close.
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Pred 7 h 9 min
TSX Marches On, Hits Fresh Record High; Materials Stocks Rally
The Canadian market is up firmly in positive territory a little past noon on Friday, extending recent gains, thanks largely to strong buying in the materials sector. Energy stocks are struggling for support due to weak oil prices.
The mood remains fairly bullish amid expectations the Bank of Canada and the Federal Reserve will announce further easing this year to boost growth.
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Pred 8 h 15 min
Bank Of Japan Holds Rate Steady; Plans To Lower ETF Holdings
The Japanese central bank left its key interest rate unchanged on Friday, as expected, but surprised markets with a decision to reduce the holdings of its massive stock of exchange-traded funds, suggesting that the monetary policy normalization is underway. The Bank of Japan policy board, led by Governor Kazuo Ueda, voted 7-2 to hold the uncollateralized overnight call rate at around 0.5 percen
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Pred 11 h 10 min
Bay Street Likely To Open On Subdued Note
Canadian shares may open on a somewhat subdued note on Friday with investors reacting to retail sales data, and looking to take some profits following recent gains.
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Pred 11 h 54 min
FTSE 100 Recovers After Slight Setback, Up Marginally At Noon
After an early modest upmove, the U.K. market slipped into negative territory Friday morning, but recovered ground subsequently to emerge above the flat thanks to selective buying at a few frontline counters.
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Pred 13 h 17 min
Pound Slides As UK Bond Yield Soars
The British pound weakened against other major currencies in the European session on Friday, as long-dated UK bond yields rise sharply in response to increasing public sector borrowings in August.
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Pred 13 h 39 min
