CAC 40 Extends Slide As Growth Worries Weigh
(RTTNews) - French stocks traded lower on Wednesday to extend losses from the previous session as weak U.S. manufacturing data reignited recession fears.
Disappointing services sector activity data from China and a disagreement among ECB policymakers on the outlook for regional growth also dented investors' appetite for riskier assets.
The benchmark CAC 40 was down 64 points, or 0.8 percent, at 7,511 after declining 0.9 percent in the previous session.
The dollar index struggled for direction and Treasury yields hovered below 3.85 percent as focus shifted to more U.S. economic data due this week, including Friday's payrolls data that could offer more clues on the economic and rate outlook.
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German Industrial Output & Exports Recover
Germany's industrial production and exports rebounded in November but the underlying picture remained pretty grim amid job cuts in manufacturing and the possible hike in trade tariffs by the U.S. Industrial output increased a more-than-expected 1.5 percent on a monthly basis, in contrast to the revised 0.4 percent decrease in October, data from Destatis revealed Thursday.
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Resources Stocks May Edge Higher As Bay Street Looks Headed For Mixed Open
Canadian shares are likely to turn in a mixed performance on Thursday, with investors looking ahead to U.S. and Canadian jobs data, due on Friday. Energy and materials stocks may find some support thanks to higher commodity prices.
Volume of business is likely to be a bit thin as U.S. markets are closed today in honor of former U.S. President Jimmy Carter, who died in late December at age 100.
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Pound Slides As U.K. Borrowing Costs Soar
The British pound weakened against other major currencies in the European session on Thursday, on worries about the rising borrowing costs in the U.K. and the stagflation threat.
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FTSE 100 Moderately Higher As Mining Stocks Move Up
The U.K. market is up in positive territory Thursday morning, led by gains in the mining sector, even as stocks from the retail sector are reeling under selling pressure, despite several big name retailers reporting a surge in sales. A weak pound is contributing significantly to market's upmove.
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vor 11Std 53 Minuten
Eurozone Retail Sales Rise Less Than Forecast
Driven by food and auto fuel turnover, Eurozone retail sales registered a marginal growth, which was weaker than expected in November, reflecting subdued household consumption towards the end of 2024. Retail sales grew 0.1 percent on month in November after easing 0.3 percent in October, data from Eurostat showed Thursday. Sales were expected to climb 0.3 percent.
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vor 12Std 8 Minuten
Pound Slides Against Majors
The British pound weakened against other major currencies in the European session on Thursday.
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vor 12Std 18 Minuten
Sensex, Nifty Extend Declines For Second Day, Auto And FMCG Stocks Outperform
Indian shares fell notably on Thursday as new data underscored persistent deflationary pressure in China and U.S. President-elect Donald Trump's tariff plans fueled uncertainty.
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vor 12Std 33 Minuten
CAC 40 Recovers After Weak Start, Up Marginally
French stocks are turning in a mixed performance Thursday morning as investors make largely cautious moves amid a lack of fresh data.
Higher U.S. bond yields, and concerns about potential tariffs under Trump's presidency as well the outlook for interest rate cuts appear to be weighing on stocks.
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vor 12Std 38 Minuten
