Advertisement
CAC 40 Climbs As Biden Says US Can Avert Recession
(RTTNews) - French stocks advanced on Friday amid optimism that China's economy is poised for a steady recovery from the COVID-19 impact.
Investors were also reacting to comments by U.S. President Joe Biden that a U.S. recession isn't inevitable and that the country was "in a stronger position than any nation in the world to overcome inflation."
The benchmark CAC 40 rose 49 points, or 0.8 percent, to 5,935 after declining 2.4 percent in the previous session.
EssilorLuxottica SA shares rose over 2 percent. The provider of ophthalmic lenses and frame said it will buy back up to 2.5 million shares in the period starting from June 17 to August 31, for a price not exceeding 200 euros per share.
read more
German Inflation At 4-Month Low Adds To ECB Rate Cut Hopes
Consumer price inflation in Germany slowed in March to its lowest level in four months as services cost growth eased further and energy prices fell at a steeper rate, boosting hopes that the European Central Bank will continue cutting interest rates this month.
RTTNews
|
4h 29min ago
Canadian Market Recovers After Weak Start; TSX Modestly Higher
After opening with a negative gap and falling further in early trades, the Canadian market emerged into positive territory on Monday, led by gains in consumer staples, energy, communications and consumer discretionary sectors.
RTTNews
|
4h 38min ago
UK Mortgage Approvals Fall Slightly; Consumer Credit Drops
UK mortgage approvals for house purchase decreased slightly in February, as changes in stamp duty from April 1 softened housing market activity, while consumer credit decreased from the last month, official data showed on Monday. Mortgage approvals for house purchases decreased 600 to 65,500 in February, the Bank of England reported. This followed a decrease of 400 in January.
RTTNews
|
8h 17min ago
Bay Street Looks Headed For Weak Start
Canadian shares look headed for a weak start Monday morning, tracking a sell-off in global markets amid fears U.S. President Donald Trump's economic policies and possible retaliatory actions by targeted countries will fuel inflation, keep interest rates higher and drag down global economic growth.
RTTNews
|
8h 19min ago
Dollar Edges Down Despite PCE Inflation Uptick
The Dollar Index edged lower during the week ended March 28, amidst turbulence related to trade tariffs and the release of hotter-than-expected PCE-based inflation readings.
RTTNews
|
8h 24min ago
FTSE Notably Lower As Trade War Fears Hurt Sentiment
U.K. stocks are down firmly in negative territory on Monday, tracking weak global markets amid rising fears of a global trade war after the U.S. President Donald Trump said he will likely impose duties on "essentially all" of the U.S.'s trading partners.
RTTNews
|
9h 36min ago
CAC 40 Down 1.7% On Stocks Fall On Tariff Jitters
The French stock market is down sharply a little past noon on Monday with investors pressing sales almost across the board amid rising fears of a global trade war following the U.S. President Donald Trump that he will likely impose duties on "essentially all" of the U.S.'s trading partners.
RTTNews
|
9h 59min ago
DAX Down Sharply As Stocks Tumble On Tariff Worries
German stocks are down sharply around noon on Monday, ahead of the Trump Administration's "reciprocal tariffs," that will come into force this week.
The details of the tariffs are not clear as yet, but the U.S. President had stated in an interview on Sunday that he will likely impose duties on "essentially all" of the U.S.'s trading partners.
RTTNews
|
10h 15min ago
