CAC 40 Declines As Banks Drag After Credit Suisse Rescue
(RTTNews) - French stocks opened lower on Monday amid fears of a deepening banking crisis.
Risk aversion gripped markets despite global central banks announcing measures to provide dollar liquidity in a bid to stem fallout from panic in the banking sector.
Concerns mounted about the health of the global financial system despite UBS Group AG, Switzerland's largest banking group, agreeing to buy the crisis-hit Credit Suisse Group AG in a historic, government-brokered deal.
The benchmark CAC 40 was down 0.7 percent at 6,875 after declining 1.4 percent on Friday.
Banks led losses, with BNP Paribas, Credit Agricole and Societe Generale falling 3-6 percent.
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Bay Street Seen Opening Higher
Canadian shares may open higher on Thursday, on strong results from Royal Bank of Canada and higher crude oil prices.
Weak bullion prices, and worries about U.S. tariffs may hurt sentiment and limit market's upside.
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5h 4min ago
Pound Rises As Traders Await Trump-Starmer Meet
The British pound strengthened against other major currencies in the European session on Thursday, as the U.S. President Donald Trump and British Prime Minister Keir Starmer are expected to meet and then have a joint press conference.
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Pound Rises Against Majors
The British pound strengthened against other major currencies in the European session on Thursday.
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Eurozone Economic Confidence Rises To 5-Month High
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FTSE 100 Modestly Higher On Earnings
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7h 22min ago
Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the European session on Thursday.
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7h 25min ago
Sensex, Nifty End Narrowly Mixed; Financials Surge
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7h 39min ago
CAC Modestly Lower On Weak Global Cues; Engie Rises On Upbeat Earnings
The French stock market is down in negative territory Thursday morning as fresh tariff threats by U.S. President Donald Trump render the mood bearish. The market is also digesting a slew of corporate earnings updates.
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7h 54min ago
