CAC 40 Slumps On China COVID Concerns

RTTNews | 835 days ago
Stocktwits
CAC 40 Slumps On China COVID Concerns

(RTTNews) - French stocks slumped on Tuesday after the Bank of Japan widened its target band for interest rates - a move that analysts said would allow long-term interest rates to rise more.

Sentiment was also dented by reports of a widespread wave of new coronavirus cases in China, with a top infectious disease expert projecting that more than 60 percent of China's population is likely to be infected by the coronavirus in the next three months.

The benchmark CAC 40 was down 78 points, or 1.20 percent, at 6,395 after closing 0.3 percent higher on Monday.

Orange SA shares fell more than 1 percent. The telecom group said in a statement that its deputy chief executive and head of finance, Ramon Fernandez, would leave the company at the end of the first quarter of 2023.

Stocktwits
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CAC 40 Down Nearly 2.5% As Tumble On Trump's Tariff Announcement

CAC 40 Down Nearly 2.5% As Tumble On Trump's Tariff Announcement

French stocks are down sharply Thursday morning, mirroring losses in markets across Europe amid concerns about the impact of new tariffs announced by U.S. President Donald Trump. It is feared that the new levies could fuel inflation and disrupt global supply chains, and lead to trade wars.
RTTNews | 4h 3min ago
Amazon Places Bid For TikTok Ahead Of US Sale Deadline

Amazon Places Bid For TikTok Ahead Of US Sale Deadline

As the April 5 deadline is looming for TikTok, owned by China-based ByteDance Ltd, to find a buyer or to face shutdown in the United States, its biggest market, Amazon has entered the picture, submitting a takeover bid to the White House for the business, reports said. With this, the tech major joins the list of potential bidders including private equity firm Blackstone and mobile technology...
RTTNews | 4h 30min ago
European Shares Tumble On Tariff Jitters

European Shares Tumble On Tariff Jitters

European stocks fell sharply on Thursday as investors fretted about the potential repercussions of the new tariffs announced by U.S. President Donald Trump.
RTTNews | 5h 19min ago
Asian Shares Slide On Trade War Concerns

Asian Shares Slide On Trade War Concerns

Asian stocks tumbled on Thursday after U.S. President Donald Trump announced a 10 percent universal tariff on most imported goods along with additional high tariffs on countries the U.S. considers "worst offenders" based on trade deficits and non-tariff barriers.
RTTNews | 5h 41min ago
DAX Down Sharply Despite Coming Off Early Lows

DAX Down Sharply Despite Coming Off Early Lows

German stocks are down sharply Thursday morning due to heavy selling almost across the board as investors react to the U.S. government's announcement of "reciprocal tariffs." The much steeper-than-expected tariffs on US trade partners, has heightened concerns over a global trade war that could destabilize major economies.
RTTNews | 5h 42min ago
U.S. Dollar Drops Amid Fed Rate Cut Bets

U.S. Dollar Drops Amid Fed Rate Cut Bets

The U.S. dollar weakened against other major currencies in the European session on Thursday, as traders increase their bets that the Fed will lower rates in June, as Trump imposes fresh tariffs, traders increase their wagers that the Fed will lower rates in June.
RTTNews | 5h 45min ago
Commodity Currency's Slide As Trump Unveils Tariff Plans

Commodity Currency's Slide As Trump Unveils Tariff Plans

The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Thursday, after U.S. President Donald Trump announced steeper-than-expected reciprocal tariffs on U.S. trade partners, heightening concerns over a global trade war that could destabilize major economies. White House press secretary Karoline Leavitt indicated the new levies will be "effective immediately."
RTTNews | 5h 56min ago
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