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CAC 40 Declines As Growth Worries Deepen
(RTTNews) - French stocks were moving lower on Thursday after data showed U.S. retail sales fell by the most in a year in December, raising concerns about consume spending and the health of the economy.
Weak readings on producer prices and industrial production for the month also stoked concerns over the outlook for economic growth and corporate earnings.
The benchmark CAC 40 dropped 34 points, or half a percent, to 7,048 after ending flat with a positive bias on Wednesday.
Oil & gas stocks fell, with TotalEnergies declining more than 1 percent as crude prices fell nearly $1 a barrel on concerns about the outlook for fuel demand.
Banks BNP Paribas, Credit Agricole and Societe Generale all fell around 1 percent.
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European Stocks Tumble As China Retaliates After Trump's Tariff Moves
European stocks plunged sharply and several market tumbled to fresh multi-month lows on Friday as U.S. President Donald Trump's sweeping tariff moves, and the retaliatory action by China raised fears of a global trade war and recession, prompting investors to press sales across the board.
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4 시간 8 분 전
Canadian Market Remains Deep Down In Negative Territory After Another Bloodbath
It's a bloodbath on Bay Street again with the stocks seeing a free fall amid rising fears of a global recession following U.S. President Donald Trump's sweeping "reciprocal tariffs" moves and the retaliatory move by China raising concerns about economic growth.
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4 시간 47 분 전
Powell Says Tariffs Likely To Lead To Higher Inflation, Slower Growth
Citing a highly uncertain outlook due in part to President Donald Trump's new tariffs, Federal Reserve Chair Jerome Powell on Friday indicated the central bank will wait for greater clarity before considering any adjustments to interest rates.
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5 시간 14 분 전
CPSC Recalls: Polaris ROVs, Accessory Heaters, Window Hinge Tracks, Bear Lights, Propane Heaters
The U.S. Consumer Product safety Commission or CPSC has announced various recalls including Polaris Recreational Off-Road Vehicles or ROVs, Honda accessory heaters, high chairs, window hinge tracks, baby bath seats, bear lights, and propane heaters, among others.
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7 시간 18 분 전
U.S. Job Growth Far Exceeds Estimates In March
A closely watched report released by the Labor Department on Friday showed employment in the U.S. surged by much more than expected in the month of March. The Labor Department said non-farm payroll employment jumped by 228,000 jobs in March after climbing by a downwardly revised 117,000 jobs in February. Economists had expected employment to rise by 135,000 jobs.
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7 시간 42 분 전
U.S. Employment Surges Much More Than Expected In March
A closely watched report released by the Labor Department on Friday showed employment in the U.S. surged by much more than expected in the month of March.
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8 시간 31 분 전
Bay Street Looks Headed For Another Weak Session
Except the yellow metal, which is up marginally, nothing else is moving up on Friday.
Asian stocks tumbled, European stocks are plunging sharply and oil prices are plummeting as well, as U.S. President Donald Trump's sweeping "reciprocal tariffs" announcement has triggered fears of a strong retaliation by some major trading partners and possibility of a global recession.
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8 시간 57 분 전
FTSE 100 Sinks 4.3% To Near Three-month Low
U.K. stocks are falling sharply, sending the benchmark FTSE 100 to a near three-month lows, as investors continue to exit counters amid rising fears of a wide-ranging trade war and a global recession following U.S. President Donald Trump's sweeping "reciprocal tariff" plans.
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9 시간 29 분 전
