CAC 40 Edges Lower Amid Fed Rate Hike Uncertainty

RTTNews | Pred 742 dňami
CAC 40 Edges Lower Amid Fed Rate Hike Uncertainty

(RTTNews) - French stocks fell on Friday, with concerns over increasing Sino-U.S. tensions, slowing global growth and uncertainty over the path of U.S. monetary policy keeping investors nervous.

The release of better-than-expected French industrial production data helped limit overall losses to some extent.

Data released earlier today showed that French industrial output rebounded in July, increasing by 0.8 percent month-on-month following a 0.9 percent fall in June.

The benchmark CAC 40 was down 35 points, or half a percent, at 7,161 after finishing marginally higher in the previous session.

Capgemini SE, an IT and consulting company, was marginally higher after it signed an agreement to acquire the Financial Crime Compliance or FCC division of Exiger, a software as a service firm.

Casino fell about 3 percent. Euronext said the debt-ridden French supermarket retailer will be excluded from Paris' SBF-120 equity index of major companies.

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Major European Markets Close Slightly Weak

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.
RTTNews | Pred 3 h 59 min
TSX Marches On, Hits Fresh Record High; Materials Stocks Rally

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.
RTTNews | Pred 5 h 4 min
Bank Of Japan Holds Rate Steady; Plans To Lower ETF Holdings

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
RTTNews | Pred 8 h 0 min
Bay Street Likely To Open On Subdued Note

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.
RTTNews | Pred 8 h 44 min
Pound Slides As UK Bond Yield Soars

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.
RTTNews | Pred 10 h 29 min