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CAC 40 Inches Higher In Cautious Trade
(RTTNews) - French stocks were modestly higher on Friday, a day after the European Central Bank slowed the pace of its rate increases but signaled more tightening to fight inflation. The benchmark CAC 40 was up 18 points, or 0.3 percent, at 7,359 after losing 0.9 percent on Thursday.
Banks were broadly higher, with BNP Paribas, Credit Agricole and Societe Generale rising between half a percent and 1.2 percent.
Air France tumbled 3.2 percent after the Franco-Dutch carrier group posted an operating loss of €306 million ($338 million) for the first quarter.
Thales Group slipped half a percent despite reporting higher Q1 sales and confirming its 2023 outlook.
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TSX Sheds Nearly 1% On Tariff Jitters
The Canadian market ended notably lower on Thursday, with its benchmark S&P/TSX Composite Index falling to a four-and-a-half-month low, as rising concerns about global economic growth due to the trade war triggered heavy selling at several counters from across various sectors.
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4h 10min ago
South Korea Export Price Data Due On Friday
South Korea will on Friday release February figures for its export and import price indexes, highlighting a light day for Asia-Pacific economic activity.
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4h 15min ago
New Zealand Manufacturing PMI Climbs To 53.9 In February - BusinessNZ
The manufacturing sector in New Zealand continued to expand in February, and at a faster rate, the latest survey from BusinessNZ revealed on Friday with a Performance of Manufacturing Index score of 53.9.
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4h 38min ago
South Korea Export Prices Sink 0.6% In February
Export prices in South Korea were down 0.6 percent on month in February, the Bank of Korea said on Friday - after rising 1.3 percent in January.
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4h 56min ago
Dollar Rises Against Major Counterparts Amid Tariff War
The U.S. dollar climbed higher against its major counterparts on Thursday with rising worries about the impact of the tariff war between the U.S. and some major trading partners pushed up the demand for the safe-haven currency.
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5h 2min ago
Swiss Market Ends Modestly Lower After Choppy Session
The Switzerland market ended modestly lower on Thursday after a choppy session, as the ongoing trade war between the U.S. and other countries including Canada, China and the EU nations weighed on investor sentiment.
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6h 59min ago
European Stocks Close Weak As Tariff War Hurts Sentiment
European stocks closed broadly lower on Thursday amid rising concerns about global economic growth following U.S. President's tariffs on steel and aluminum, the retaliatory measures from Canada and the European Union, and subsequent threat by Trump that reciprocal tariffs on U.S.' trade partners will take effect next month.
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7h 21min ago
U.S. Dollar Advances Amid Tariff Concerns
The U.S. dollar firmed against its most major counterparts in the New York session on Thursday, as investors rushed to safe-haven assets amid concerns about President Donald Trump's trade policies after he suggested the U.S. would respond to the European Union's countermeasures with even more tariffs.
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7h 22min ago
