CAC 40 Slides As Investors Weigh Political Risks

RTTNews | Pred 261 dňami
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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Fed Minutes Reveal Details Behind Split Interest Rate Decision

Fed Minutes Reveal Details Behind Split Interest Rate Decision

The minutes of the Federal Reserve's latest monetary policy meeting revealed most officials still see the upside risk to inflation as the bigger threat to the economic outlook, although a couple were more worried about the downside risk to employment.
RTTNews | Pred 1 h 57 min
TSX Modestly Higher As Materials, Energy Stocks Gain

TSX Modestly Higher As Materials, Energy Stocks Gain

The Canadian market is modestly higher Wednesday afternoon, lifted by strong gains in materials and energy sectors. The mood remains a bit cautious ahead of the Federal Bank's symposium in Jackson Hole, Wyoming, where several central bank chiefs including Fed Chair Jerome Powell are set to make speeches.
RTTNews | Pred 2 h 11 min
Swiss Market Ends On Firm Note

Swiss Market Ends On Firm Note

After a weak start and a subsequent drop to lower levels, the Switzerland market recovered and stayed subdued till around mid morning on Wednesday, but kept edging higher as the day progressed to eventually ended the session on a firm note. Optimism about a potential peace deal between Russia and Ukraine supported the market.
RTTNews | Pred 2 h 38 min
European Stocks Closed On Mixed Note

European Stocks Closed On Mixed Note

European stocks turned in a mixed performance on Wednesday after another cautious session, as investors looked ahead to the Federal Reserve's Jackson Hole Symposium that gets underway on Thursday, and continued to focus on the developments on the trade and geopolitical front.
RTTNews | Pred 2 h 53 min
Target Q2 Down, Yet Beats Street, Backs FY25 View, Names Michael Fiddelke CEO; Shares Hit

Target Q2 Down, Yet Beats Street, Backs FY25 View, Names Michael Fiddelke CEO; Shares Hit

Shares of Target Corp. were losing around 11 percent in the pre-market activity on the NYSE, after the retail major reported Wednesday lower profit and comparable sales in its second quarter. However, earnings per share and top line beat market estimates, and the firm maintained its fiscal 2025 outlook. Separately, Target announced the appointment of Michael Fiddelke, chief operating officer,
RTTNews | Pred 7 h 24 min
Indonesia Unexpectedly Cuts Interest Rate

Indonesia Unexpectedly Cuts Interest Rate

Indonesia's central bank eased its monetary policy unexpectedly on Wednesday in order to bolster economic growth amid inflation remaining well within the target range. The Bank Indonesia board, led by Governor Perry Warjiyo, decided to cut the BI rate by 25 basis points to 5.0 percent.
RTTNews | Pred 7 h 50 min
Bay Street Likely To Open On Subdued Note

Bay Street Likely To Open On Subdued Note

Canadian shares look headed for a somewhat subdued start on Wednesday as investors, looking for further progress in geopolitical and trade talks, are likely to remain largely cautious with their moves. Energy and gold stocks may attract buyers thanks to higher oil and bullion prices.
RTTNews | Pred 8 h 11 min