CAC 40 Tumbles Amidst Political Uncertainty

RTTNews | vor 150 Tagen
CAC 40 Tumbles Amidst Political Uncertainty

(RTTNews) - French stocks tumbled on Monday after French President Emmanuel Macron unexpectedly announced a snap legislative election.

Macron's decision comes after far-right Eurosceptic nationalists made gains in European Parliament elections.

The benchmark CAC 40 was down 137 points, or 1.7 percent, at 7,864 after falling half a percent on Friday.

Banks led losses, with BNP Paribas, Credit Agricole and Societe Generale falling 4-6 percent.

Airbus SE declined 1.1 percent. The planemaker announced that its Airbus Defence and Space unit has received a contract from Al Yah Satellite Communications Co. PJSC, or Yahsat, UAE's flagship satellite solutions provider, for its new geostationary telecommunications satellites, Al Yah 4 and Al Yah 5.

The contract includes two Airbus ARROW spacecraft platforms for future deployment in low Earth orbit.

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U.S. Wholesale Inventories Dip Slightly More Than Expected In September

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RTTNews | vor 6Std 37 Minuten
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RTTNews | vor 6Std 41 Minuten
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RTTNews | vor 7Std 49 Minuten
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A report released by the Labor Department on Thursday showed a modest rebound by first-time claims for U.S. unemployment benefits in the week ended November 2nd.
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ArcelorMittal Stock Up On Demand Growth View, Despite Weak Q3

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RTTNews | vor 8Std 27 Minuten
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RTTNews | vor 8Std 51 Minuten