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CAC 40 Slides Ahead Of Powell's Speech

RTTNews | 698 days ago

CAC 40 Slides Ahead Of Powell's Speech

(RTTNews) - French stocks fell notably on Wednesday, as renewed fears over a possible recession overshadowed recent optimism about China reopening.

Investors await the release of Eurozone's consumer confidence data for June and a preliminary reading on German inflation for further direction.

Traders also seemed reluctant ahead of a speech by European Central Bank President Christine Lagarde at the Sintra forum, alongside Federal Reserve Chairman Jerome Powell and Bank of England Governor Andrew Baile.

The benchmark CAC 40 was down 37 points, or 0.6 percent, at 6,049 after rising 0.6 percent in the previous session.

EssilorLuxottica shares declined 2.5 percent. Leonardo Del Vecchio, the chairman of the eyeglass retailer and one of Italy's wealthiest business figures, passed away at the age of 87.

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Bay Street Likely To Open Higher As Commodities Advance

Bay Street Likely To Open Higher As Commodities Advance

Canadian shares may open higher Monday morning as energy and materials stocks are likely to find support on firm commodity prices. However, with the U.S. markets closed today for Memorial Day, activity on Bay Street is likely to remain a bit lackluster.

RTTNews | 7h 57min ago

German Ifo Business Sentiment Steadies In May

German Ifo Business Sentiment Steadies In May

German business confidence stagnated in May as the deterioration in the current assessment was offset by the improvement in expectations, survey results from the ifo Institute showed on Monday. The business climate index registered 89.3 in May, unchanged from April. The score was forecast to improve to 90.3 from April's initially estimated value of 89.4.

RTTNews | 8h 0min ago

Sensex, Nifty End On Flat Note After Hitting Fresh Peaks

Sensex, Nifty End On Flat Note After Hitting Fresh Peaks

Indian shares ended a volatile session little changed on Monday as investors looked ahead to the exit poll and the general election results for direction.

RTTNews | 9h 59min ago

European Shares Hold Steady In Lackluster Trade Ahead Of Inflation Data

European Shares Hold Steady In Lackluster Trade Ahead Of Inflation Data

European stocks were seeing marginal gains on Monday ahead of key inflation data from the United States and Europe, due later this week.

RTTNews | 11h 5min ago

CAC 40 Gains Ahead Of Key Inflation Data

CAC 40 Gains Ahead Of Key Inflation Data

French stocks traded slightly higher on Monday ahead of key inflation data from the United States and Europe, due later this week.

RTTNews | 11h 18min ago

DAX Edges Higher In Cautious Trade

DAX Edges Higher In Cautious Trade

German stocks were seeing modest gains in cautious trade on Monday as investors awaited the release of key U.S. and European inflation readings this week for additional clues on the rate outlook.

RTTNews | 11h 27min ago

NZ Dollar Advances Against Most Majors

NZ Dollar Advances Against Most Majors

The New Zealand dollar strengthened against most major currencies in the European session on Monday.

RTTNews | 11h 35min ago

Asian Shares End Higher Ahead Of Key Inflation Readings

Asian Shares End Higher Ahead Of Key Inflation Readings

Asian stocks advanced on Monday while the dollar held firm as investors awaited U.S., European, Japanese and Australian inflation readings this week for clarity on the global interest rate outlook.

RTTNews | 11h 36min ago

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