CAC 40 Slides On Recession Worries

RTTNews | Před 931 dny
CAC 40 Slides On Recession Worries

(RTTNews) - French stocks fell notably on Tuesday as concerns grew that aggressive monetary tightening and geopolitical risks could tip the global economy into a recession.

The dollar edged higher on safe-haven demand, as Russia intensified its attacks against Ukraine and Federal Reserve Vice Chair Lael Brainard said the central bank has no intentions of a dovish pivot in the near-term, and the actual policy path will be data dependent

Elsewhere, China vowed to stick to its zero-COVID policy as infections ticked up ahead of 20th Party Congress.

The benchmark CAC 40 was down 52 points, or 0.9 percent, at 5,788 after losing half a percent in the previous session.

Sanofi shares rose about 1 percent. Regeneron Pharmaceuticals Inc. and the French drug maker have presented late-breaking positive results from a Phase 3 trial evaluating the investigational use of Dupixent (dupilumab) in children aged 1 to 11 years with active eosinophilic esophagitis.

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Swiss Market Closes Modestly Higher

Swiss Market Closes Modestly Higher

The Switzerland market ended modestly higher on Tuesday after holding firm right through the day's trading session. Reports that the U.S. would move to reduce the impact of duties imposed on foreign parts in domestically manufactured cars helped underpin sentiment.
RTTNews | Před 1 h 42 min
European Stocks Close Broadly Higher As Investors React To Earnings

European Stocks Close Broadly Higher As Investors React To Earnings

European stocks closed broadly higher on Tuesday with investors reacting to a spate of corporate earnings announcements, and continuing to assess the U.S. Government's trade policy. Reports that the U.S. President has proposed lower tariffs on auto parts for U.S.-produced vehicles helped keep investor sentiment positive.
RTTNews | Před 2 h 2 min
Canadian Market Up Marginally In Cautious Trade

Canadian Market Up Marginally In Cautious Trade

Canadian stocks are swinging between gains and losses on Tuesday as investors make cautious moves, monitoring the developments on the tariff front, and reacting positively to the victory of Prime Minister Mark Carney's victory in the general election.
RTTNews | Před 2 h 57 min
Dollar Index Edges Up Amidst Trade Deal Uncertainty

Dollar Index Edges Up Amidst Trade Deal Uncertainty

The U.S. dollar recorded a mixed performance against major currencies during the week ended April 25 amidst continuing uncertainty in respect of U.S. trade policy and oscillating expectations about a trade deal, particularly with China.
RTTNews | Před 4 h 8 min
U.S. Consumer Confidence Slumps More Than Expected In April

U.S. Consumer Confidence Slumps More Than Expected In April

Largely reflecting a significant deterioration by consumer expectations, the Conference Board released a report on Tuesday showing its U.S. consumer confidence index slumped by more than expected in the month of April. The Conference Board said its consumer confidence index plunged to 86.0 in April from an upwardly revised 93.9 in March.
RTTNews | Před 4 h 56 min
Bay Street May Open Slightly Higher

Bay Street May Open Slightly Higher

Higher Canadian futures point to a slightly positive start on Bay Street Tuesday morning. The victory of Mark Carney in the Canadian general election and easing concerns about U.S. tariffs may also support the market. However, weak crude oil and gold prices may weigh on sentiment and limit market's upside.
RTTNews | Před 6 h 43 min