CAC 40 Declines On China Concerns

RTTNews | 8g 36 minut temu
CAC 40 Declines On China Concerns

(RTTNews) - French stocks traded lower on Wednesday due to concerns about slowing Chinese growth and the widening U.S. fiscal deficit.

The benchmark CAC 40 dropped 34 points, or half a percent, to 7,501 after ending little changed the previous day.

L'Oreal tumbled 4 percent after the cosmetics giant reported a rise in third quarter sales that missed expectations due to low consumer confidence in China.

Thales gave up 2 percent despite reporting higher sales and orders in the first nine months of the year.

Air Liquide dropped 1 percent. The industrial gases supplier delivered third-quarter revenue in line with market expectations.

Ipsen fell 1.3 percent. The global specialty-care biopharmaceutical company reported strong sales momentum in the first nine months of 2024.

read more
Decline In U.S. Mortgage Applications Slows: MBA

Decline In U.S. Mortgage Applications Slows: MBA

The number of mortgage applications in the U.S. fell for the third week in a row, but at a slower pace in the week ended October 18, as higher interest rates continue to weigh on demand, results of a survey by the Mortgage Bankers Association showed Wednesday. The Market Composite Index, a measure of mortgage loan application volume, fell 6.7 percent from the previous week.
RTTNews | 4g 38 minut temu
Bay Street Seen Opening Weak; BoC Rate Decision In Focus

Bay Street Seen Opening Weak; BoC Rate Decision In Focus

Lower stock futures and commodity prices point to a weak start for the Canadian market on Wednesday. The focus will be on the Canadian central bank's interest rate decision due after the opening bell.
RTTNews | 4g 45 minut temu
UK Pay Growth Stalled In September, Likely To Slow Next Year: Survey

UK Pay Growth Stalled In September, Likely To Slow Next Year: Survey

Growth in the employee earnings in the U.K. stalled in the September quarter and the rate of increase is expected to fall next year as employers weigh the cost, the performance of their companies and possibly lower inflationary pressures. Median pay award forecast for the next 12 months was 3 percent.
RTTNews | 4g 55 minut temu
Deutsche Bank Q3 Profit Climbs, Confirms Outlook; Stock Dips

Deutsche Bank Q3 Profit Climbs, Confirms Outlook; Stock Dips

German banking major Deutsche Bank AG reported Wednesday higher profit in its third quarter, driven by partial release of Postbank litigation provisions, lower expenses, as well as improved revenues. The company also said it is on track to achieve its annual revenue target, as well as 2025 goals. Meanwhile, Deutsche Bank shares were losing around 3 percent in the morning trading in Germany...
RTTNews | 7g 30 minut temu
European Shares Subdued On Inflation Woes

European Shares Subdued On Inflation Woes

European stocks were slightly lower on Wednesday as investors digested mixed earnings results and braced for the upcoming U.K. autumn budget.
RTTNews | 8g 5 minut temu
McDonald's Stock Hit By E. Coli Outbreak Link To Quarter Pounders

McDonald's Stock Hit By E. Coli Outbreak Link To Quarter Pounders

McDonald's Corp.'s shares lost around 6 percent in the after-hours trading on Tuesday and are currently trading down around 6 percent in pre-market activity on the NYSE after the U.S. Centers for Disease Control and Prevention or CDC linked severe E. coli outbreak in Mountain West states to the fast food chain's Quarter Pounder hamburgers.
RTTNews | 8g 36 minut temu