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French Stocks Decline As Luxury Stocks Drag
(RTTNews) - French stocks fell sharply on Wednesday after luxury goods bellwether LVMH reported lower sales growth in the third quarter in a sign that the post-pandemic luxury boom is waning.
LVMH shares slumped 7 percent while peers Hermes and Kering fell 2-3 percent.
The benchmark CAC 40 was down 52 points, or 0.7 percent, at 7,109 after climbing around 2 percent the previous day on dovish Fed talk and reports of new Chinese stimulus.
Veolia edged up slightly on news the resource management company has bagged a contract worth over 2 billion euros in Hong Kong.
Accor S.A., a hospitality company, gained about 1 percent after launching a 400 million euros share buyback program.
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European Shares Extend Gains With Focus On Putin-Trump Talks
European stocks held near five-month highs on Friday amid hopes the Trump-Putin summit in Alaska might help end the war in Ukraine.
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Pred 12 minútami
Asian Shares Mostly Higher With Ukraine Talks In Focus
Asian stocks ended mostly higher on Friday as investors reacted to mixed economic data from China and Japan, and awaited the outcome of the Alaska summit between U.S. and Russian Presidents.
RTTNews
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Pred 34 minútami
China Economic Data Disappoints
China's industrial production, retail sales and fixed asset investment registered weaker-than-expected growth in July, strengthening calls for further policy support to rebalance the economy towards consumption. Industrial production grew 5.7 percent in July from a year ago, following June's 6.8 percent increase, the National Bureau of Statistics reported Friday.
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Pred 1 h 2 min
Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Friday.
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Pred 1 h 16 min
NZ Dollar Falls On Soft China Data
The New Zealand dollar weakened against other major currencies in the Asian session on Friday, after China's industrial production and retail sales logged slower growth in July.
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Pred 1 h 41 min
NZ Dollar Falls Against Majors
The New Zealand dollar weakened against other major currencies in the Asian session on Friday.
RTTNews
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Pred 2 h 28 min
European Shares Seen Tad Higher As World Braces For Alaska Talks
European stocks are seen opening higher on Friday after the S&P 500 index closed at a new record high for the third consecutive day overnight despite concerns about slowing consumer spending.
RTTNews
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Pred 3 h 37 min
Australian Market Extends Early Gains In Mid-market
The Australian stock market is extending its early gains in mid-market moves on Friday, adding the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,900 level, with gains across most sectors led by energy and technology stocks.
RTTNews
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Pred 5 h 50 min
