CAC 40 Slips Into Red As Macron Backs Temporary Tax On Large Companies

RTTNews | 57 gün önce
CAC 40 Slips Into Red As Macron Backs Temporary Tax On Large Companies

(RTTNews) - French stocks drifted lower on Thursday after President Emmanuel Macron endorsed a temporary tax on the country's largest companies to get the public finances back on track.

Also weighing on sentiment, a survey showed France's services sector contracted in September, albeit less than initially expected.

The benchmark CAC 40 dropped 62 points, or 0.8 percent, to 7,514 after edging up marginally the previous day.

In corporate news, supermarket group Casino dropped half a percent after confirming it is the subject of a preliminary investigation by France's national financial prosecution office over charges of price manipulation and corruption dating back to 2018 and 2019.

Alstom rallied 2.2 percent after receiving an order from Proxima for 12 Avelia Horizon very high-speed trains.

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Swiss Market Ends Higher After Choppy Session

Swiss Market Ends Higher After Choppy Session

The Switzerland market closed on a positive note on Friday after a choppy session, as investors assessed the region's economic data and continued to closely follow the developments on the geopolitical front.
RTTNews | 5s 34 dakika önce
European Markets Close On Firm Note

European Markets Close On Firm Note

European stocks closed higher on Friday amid expectations of further rate cuts by central banks despite data showing an acceleration in eurozone inflation. Investors also digested French GDP data and Germany's retails sales and unemployment data.
RTTNews | 5s 51 dakika önce
Eurozone Inflation Accelerates To 2.3%

Eurozone Inflation Accelerates To 2.3%

Euro area inflation climbed for a second straight month in November, while the core figure was unchanged, making way for a cautious interest rate cut by the European Central Bank next month.
RTTNews | 7s 57 dakika önce
UK Mortgage Approvals At More Than 2 Year High

UK Mortgage Approvals At More Than 2 Year High

UK mortgage approvals increased to the highest level in more than two years in October as falling interest rates boosted housing market activity but consumers became more cautious about borrowing and saving ahead of the Autumn Budget. Mortgage approvals for house purchases, an indicator of future borrowing, increased to 68,303 in October from 66,115 in the prior month, the Bank of England report
RTTNews | 10s 41 dakika önce
Bay Street May Open Higher On Firm Metal Prices; GDP Data In Focus

Bay Street May Open Higher On Firm Metal Prices; GDP Data In Focus

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RTTNews | 11s 15 dakika önce
German Unemployment Rises Less Than Forecast

German Unemployment Rises Less Than Forecast

German unemployment increased less than expected in November despite companies reporting job cuts, figures from the Federal Employment Agency revealed Friday. The jobless rate came in at 6.1 percent, the same as in September and October. Also, the rate matched expectations. The number of people out of work increased only 7,000 after rising 26,000 in the previous month.
RTTNews | 11s 44 dakika önce