CAC 40 Gives Up Early Gains After Weak Data

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CAC 40 Gives Up Early Gains After Weak Data

(RTTNews) - French stocks were little changed on Wednesday, giving up earlier gains as investors eyed the Federal Reserve's November meeting minutes later in the day for additional clues on the path of interest rates.

The European Central Bank publishes account of its October policy meeting on Thursday. The benchmark CAC 40 was down 9 points, or 0.1 percent, at 6,648 after rising 0.4 percent on Wednesday.

Stocks gave up early gains after a monthly survey showed France's private sector economy contracted in November for the first time since February 2021.

The services and composite readings hit fresh 20 and 21-month lows respectively.

Business confidence also fell to its lowest levels in two years but there was some improvement in manufacturing conditions, S&P Global said.

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South Korea Shares Likely To Remain Rangebound

South Korea Shares Likely To Remain Rangebound

The South Korea stock market has moved lower in two of three trading days since the end of the three-day winning streak in which it had advanced more than 60 points or 2.4 percent. The KOSPI now sits just above the 2,600-point plateau and it's expected to hold steady in that neighborhood again on Tuesday.
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Australia Rate Decision Due On Tuesday

Australia Rate Decision Due On Tuesday

The Reserve Bank of Australia will wrap up its monetary policy meeting on Tuesday and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The RBA is widely expected to trim its benchmark lending rate to 3.85 percent from the current 4.10 percent.
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Euro Retreats Against Majors

Euro Retreats Against Majors

The euro retreated against its major counterparts in the New York session on Monday.
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Swiss Market Turns Positive In Closing Minutes, Ends Slightly Up

Swiss Market Turns Positive In Closing Minutes, Ends Slightly Up

The Switzerland market closed marginally up on Monday thanks to a few stocks finding some good support in the closing hour of the session. The sentiment was weak for much of the day's session as Moody's downgraded the United States' sovereign credit rating.
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Ryanair FY25 Profit Down, But Stock Climbs On Revenue And Traffic Growth, Positive Outlook

Ryanair FY25 Profit Down, But Stock Climbs On Revenue And Traffic Growth, Positive Outlook

Shares of Ryanair Holdings Plc. were gaining around 6 percent in the early morning trading on the Nasdaq after the Irish low-cost airline reported Monday higher revenues and traffic in fiscal 2025, despite delivery delays from aerospace major Boeing Co. The company marked as the first airline in European Union to carry 200 million guests in one year. Meanwhile, Ryanair recorded weak annual profit.
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U.S. Leading Economic Index Slumps More Than Expected In April

U.S. Leading Economic Index Slumps More Than Expected In April

The Conference Board released a report on Monday showing its reading on leading U.S. economic indicators slumped by more than expected in the month of April. The report said the leading economic index tumbled by 1.0 percent in April after sliding by a downwardly revised 0.8 percent in March.
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Eurozone Growth Outlook Downgraded; Disinflation To Proceed More Swiftly: EU

Eurozone Growth Outlook Downgraded; Disinflation To Proceed More Swiftly: EU

Eurozone economic growth outlook was downgraded substantially for 2025 due to the impact of higher trade tariffs and elevated uncertainty and disinflation would proceed more swiftly than anticipated with headline inflation set to hit the 2 percent target by the middle of this year, the European Commission said Monday.
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