CAC 40 Edges Higher As Investors Shrug Off Inflation Concerns
(RTTNews) - French stocks were moving higher on Tuesday despite concerns that a jump in oil prices might stoke inflation and prompt the Federal Reserve to act more aggressively. Investors cheered the results of an ECB survey showing that consumer expectations for euro-area inflation fell for a second month.
The benchmark CAC 40 was up 22 points, or 0.3 percent, at 7,369 after rising 0.3 percent the previous day.
Banks BNP Paribas, Credit Agricole and Societe Generale were up between 0.8 percent and 1.5 percent.
L'Oreal shares rose half a percent after the cosmetics group reached a deal with Brazil's Natura & Co to acquire its Australian luxury brand Aesop at an enterprise value of $2.53 billion.
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European Shares Slide As Trade War Begins
European stocks declined on Tuesday, after having hit a record high in the previous session led by defense-related stocks.
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vor 5Std 16 Minuten
Asian Shares Fall As New US Tariffs Take Effect
Asian stocks ended mostly lower on Tuesday as fresh U.S. tariffs came into effect.
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vor 5Std 46 Minuten
RBA Cautious About Further Easing, Minutes Show
The Reserve Bank of Australia is cautious about lowering the benchmark interest rate further and the decision to cut the rate in February does not mean that the bank is committed to cut again at coming meetings. At the February meeting, the bank had reduced the interest rate for the first time since 2020. The rate was lowered by 25 basis points to 4.10 percent.
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vor 6Std 17 Minuten
Antipodean Currencies Slide On Trump Tariff Threat
The Antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Tuesday, amid concerns about the economic impact after U.S. President Donald Trump confirmed the 25% tariffs on Canada and Mexico as well as the additional 10 percent tariff on China will take effect Tuesday. The reciprocal tariffs on other U.S. trade partners will be imposed on April 2.
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vor 6Std 58 Minuten
Japan Capex Falls Unexpectedly; Jobless Rate Steady At 2.5%
Capital investment of Japanese companies declined unexpectedly in the fourth quarter and the jobless rate remained in January, official data revealed Tuesday. Investment in plant and machinery dropped 0.2 percent, in contrast to the sharp 8.1 percent increase in the third quarter, the Ministry of Finance reported. Investment declined for the first time in nearly four years.
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vor 7Std 21 Minuten
NZ Dollar Slides Against Most Majors
The New Zealand dollar weakened against most major currencies in the Asian session on Tuesday.
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vor 7Std 26 Minuten
Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Tuesday.
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vor 7Std 32 Minuten
European Economic News Preview: Eurozone Unemployment Data Due
Unemployment from the euro area and Spain are the top economic news due on Tuesday, headlining a light day for the European economic news. At 3.00 am ET, Spain's labor agency publishes monthly unemployment data for February. The number of unemployed is expected to rise to 45,200 from 38,700 in the previous month.
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vor 8Std 43 Minuten
