CAC 40 Edges Higher In Lackluster Trade

RTTNews | 1077 dagar sedan
CAC 40 Edges Higher In Lackluster Trade

(RTTNews) - French stocks edged up slightly on Tuesday after suffering heavy losses in the previous session on worries that soaring inflation and aggressive policy tightening by central banks will continue to cripple growth.

France's private sector contracted in August for the first time since the pandemic related disruptions in early 2021, flash survey results from S&P Global showed earlier today.

At 49.8, the flash composite output index was down from 51.7 in July and signaled the first reduction in private sector output levels across France since February 2021.

Although services activity growth continued to weaken, the overall downturn in the private sector was driven principally by the manufacturing activity.

The services Purchasing Managers' Index dropped to a 16-month low of 51.0 from 53.2 in July. The manufacturing PMI came in at 49.0, in line with expectations.

The benchmark CAC 40 was up 12 points, or 0.2 percent, at 6,390 after declining 1.8 percent the previous day.

read more
Swiss Market Ends Marginally Down

Swiss Market Ends Marginally Down

After an early sharp drop, the Switzerland market recovered some lost ground Monday morning, but stayed in negative territory right through the day's trading session, as investors largely stayed cautious, waiting for directional clues.
RTTNews | 1h 3minuter sedan
U.S. Factory Orders Pull Back Sharply In June

U.S. Factory Orders Pull Back Sharply In June

After reporting a substantial increase by new orders for U.S. manufactured goods in the previous month, the Commerce Department released a report on Monday showing factory orders pulled back sharply in the month of June. The Commerce Department said factory orders dove by 4.8 percent in June after soaring by an upwardly revised 8.3 percent in May.
RTTNews | 4h 58minuter sedan
Weak Jobs Data Limits Dollar's Rebound

Weak Jobs Data Limits Dollar's Rebound

A smaller-than expected addition to non-farm payrolls curtailed the dollar's rally fueled by a hawkish Fed stance, higher-than-expected PCE-inflation readings, as well as anxiety ahead of the U.S.-China trade talks and the looming trade tariff deadline.
RTTNews | 5h 0minuter sedan
Eurozone Investor Sentiment Weakens Unexpectedly

Eurozone Investor Sentiment Weakens Unexpectedly

Euro area investor confidence deteriorated unexpectedly in August as the newly reached trade deal with the U.S. deepened concerns about the current economic situation as well as the outlook, data from the behavioral research institute Sentix showed on Monday. The Sentix investor sentiment index fell steeply to -3.7 in August from 4.5 in July. The measure was expected to climb to 6.2.
RTTNews | 6h 18minuter sedan
Bay Street Seen Opening On Cautious Note

Bay Street Seen Opening On Cautious Note

Canadian stocks may open on a mixed note on Monday with investors likely to stay cautious ahead of implementation of levies imposed by U.S. President Donald Trump, and a slew of earnings announcements due this week. Weak oil prices may weigh a bit.
RTTNews | 6h 26minuter sedan
FTSE 100 Modestly Higher; Lloyds Banking Group Rises Nearly 8%

FTSE 100 Modestly Higher; Lloyds Banking Group Rises Nearly 8%

The UK market is up in positive territory on Monday with stocks from the financial sector contributing significantly to the upmove after the outcome from the UK's motor finance investigation turned out to less severe than feared, with potential compensation estimated at 9 billion pounds, much less than the expected quantum o 30 billion pounds.
RTTNews | 7h 17minuter sedan
Indian Rupee Falls To 4-day Low Against U.S. Dollar

Indian Rupee Falls To 4-day Low Against U.S. Dollar

The Indian rupee weakened against the U.S. dollar in the European session on Monday, as investors await the announcement of the interest rate decision by the Reserve Bank of India (RBI) on Wednesday.
RTTNews | 7h 40minuter sedan