CAC 40 Slides As Yields Extend Climb

RTTNews | 594天前
CAC 40 Slides As Yields Extend Climb

(RTTNews) - French stocks declined on Friday, with a surge in U.S. bond yields and escalating Middle East tensions keeping investors nervous.

The U.S. 10-year Treasury yield briefly reached 5 percent for the first time since 2007 and oil prices climbed above $93 a barrel, stoking fresh concerns about inflation, interest rates and economic growth.

The benchmark CAC 40 was down 45 points, or 0.7 percent, at 6,876 after closing 0.6 percent lower on Thursday.

Media conglomerate Vivendi rose nearly 3 percent after its third-quarter revenues grew 2.5 percent to 2.43 billion euros from last year's 2.37 billion euros.

Ophthalmic company EssilorLuxottica edged ups slightly. The company's third-quarter total revenue declined 1.6 percent to 6.29 billion euros from last year's 6.39 billion euros. Revenues, however, grew 5.2 percent on a constant currency basis.

Beauty company L'Oreal fell about 1 percent after third-quarter sales came in below estimates.

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European Shares Seen Little Changed At Open

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RTTNews | 2小时25分钟前
Sensex, Nifty Open Higher Ahead Of RBI Meet

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RTTNews | 3小时42分钟前
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RTTNews | 3小时56分钟前
Australian Market Slips To Slight Losses In Mid-market

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RTTNews | 4小时36分钟前
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RTTNews | 4小时58分钟前
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RTTNews | 5小时30分钟前
Recovery Anticipated For Thai Stock Market

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RTTNews | 6小时1分钟前
Japanese Market Modestly Lower

Japanese Market Modestly Lower

The Japanese market is trading modestly lower on Thursday, reversing some of the gains in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 37,650 level, with weakness in automakers, exporters and financial stocks partially offset by gains in technology stocks.
RTTNews | 6小时24分钟前