CAC 40 Declines On Growth Worries

RTTNews | 802 dagar sedan
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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U.S. Construction Spending Unexpectedly Sees Further Downside In June

U.S. Construction Spending Unexpectedly Sees Further Downside In June

The Commerce Department released a report on Friday unexpectedly showing a continued decrease by U.S. construction spending in the month of June. The report said construction spending fell by 0.4 percent to an annual rate of $2.136 trillion in June after sliding by 0.5 percent to a revised rate of $2.144 trillion in May.
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U.S. Consumer Sentiment Improves Marginally Less Than Previously Estimated In July

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U.S. Manufacturing Index Unexpectedly Dips To Nine-Month Low In July

U.S. Manufacturing Index Unexpectedly Dips To Nine-Month Low In July

Manufacturing activity in the U.S. unexpectedly contracted at a slightly faster rate in the month of July, according to a report released by the Institute for Supply Management on Friday. The ISM said its manufacturing PMI edged down to 48.0 in July after inching up to 49.0 in June with a reading below 50 indicating contraction.
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Eurozone Inflation Steady At 2% ECB Target

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