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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Dollar Rises Against Major Counterparts
The U.S. dollar climbed higher on Friday as the Labor Department's non-farm payroll data raised bets the Federal Reserve will hold rates unchanged at its next meeting.
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5j 46min yang lalu
Swiss Market Ends On Weak Note After Choppy Session
The Switzerland market closed weak on Friday after a choppy session, as investors stayed a bit reluctant to make significant moves after recent upswing.
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8j 54min yang lalu
U.S. Dollar Jumps After Jobs Data
The U.S. dollar firmed against its most major counterparts in the New York session on Friday, as the latest jobs data showed a drop in the unemployment rate and strong wage growth.
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9j 4min yang lalu
European Stocks Close Lower After Cautious Session
European stocks closed lower on Friday with the mood turning cautious as investors assessed the latest batch of economic data from the U.S. and Europe, and reacted to a slew of earnings updates while awaiting clarity on the Trump administration's trade policies and tariff moves.
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9j 22min yang lalu
Canadian Market Modestly Lower After Jobs Data
The Canadian market is down in negative territory on Friday after data showing a drop in the nation's unemployment rate dimmed prospects of a rate cut by the Bank of Canada in March.
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10j 35min yang lalu
U.S. Wholesale Inventories Decrease In Line With Estimates In December
The Commerce Department released a report on Friday showing wholesale inventories in the U.S. decreased in line with economist estimates in the month of December.
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11j 55min yang lalu
U.S. Consumer Sentiment Unexpectedly Slumps In February As Inflation Expectations Surge
Consumer sentiment in the U.S. has unexpectedly deteriorated in the month of February, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index slumped to 67.8 in February after rising to 71.1 in January. Economists had expected the index to inch up by to 72.0.
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12j 24min yang lalu
U.S. Employment Climbs Less Than Expected In January
While the Labor Department released a report on Friday showing employment in the U.S. increased by less than expected in the month of January, the report also showed the unemployment rate unexpectedly edged slightly lower.
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14j 17min yang lalu
