CAC 40 Drifts Lower In Cautious Trade

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CAC 40 Drifts Lower In Cautious Trade

(RTTNews) - French stocks drifted lower on Monday against the backdrop of Europe's tumultuous political backdrop and worries over potential tariffs under the incoming Trump administration in the U.S.

The benchmark CAC 40 was down 32 points, or half a percent, at 7,242 after losing 0.3 percent on Friday.

Insurer AXA and Lender BNP Paribas were moving lower after BNP Paribas Cardif signed an agreement to acquire asset manager AXA Investment Managers.

VINCI dropped half a percent despite winning a water treatment contract in Australia.

Renault was down half a percent after Japanese automakers Nissan and Honda announced they had entered into official talks to merge and create the world's third-largest automaker by sales. Renault owns a minority stake in Nissan.

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Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | 32 minuter sedan
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | 1h 1minuter sedan
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | 4h 4minuter sedan
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | 4h 47minuter sedan
German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
RTTNews | 5h 17minuter sedan