CAC 40 Drifts Lower After Italian Windfall Tax On Banks
(RTTNews) - French stocks were moving lower on Tuesday after data showed China's exports and imports both fell more than expected in July, threatening recovery prospects and adding to pressure on policymakers to unveil additional stimulus.
Investors also awaited key inflation readings from the world's largest economies due this week for more clues on the growth and rate outlook.
The benchmark CAC 40 was down 26 points, or 0.4 percent, at 7,293 after ending flat with a positive bias in the previous session.
Banks BNP Paribas, Credit Agricole and Societe Generale fell 2-3 percent after Italy approved 40 percent windfall tax on banks' extra profits, to be applied in 2023.
Automaker Renault fell more than 1 percent on China growth concerns.
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Swiss Market Ends Flat After Choppy Session
The Switzerland stock market ended flat on Tuesday after a choppy ride, as the mood remained cautious with investors closely following geopolitical developments.
Weak oil prices aided sentiment.
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3h 38min ago
Major European Markets Close Mixed As Investors Track Geopolitical News
European stocks turned in a mixed performance on Tuesday as investors largely made cautious moves, tracking geopolitical news, and continuing to weigh recent policy moves of major central banks.
Weak oil prices aided sentiment.
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4h 7min ago
Canadian Stocks Rise Again; TSX Hits Two-week High
The Canadian market is up firmly in positive territory on Tuesday, with the benchmark S&P/TSX Composite Index hitting a two-week high. Shopify surged 8.5% after saying that it was "partnering deeply" with Meta Platforms' Muse artificial intelligence agent.
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5h 26min ago
TSX Eyes Mixed Session On Geopolitical Uncertainty, Commodity Moves
Falling oil and precious metals prices threaten energy and materials stocks ahead of Tuesday's open. The S&P/TSX Composite Index closed Monday at 36,009.40, up 0.57%, supported by financials and tech.
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8h 53min ago
U.S. Stocks Likely To Open On Cautious Note
U.S. stocks look headed for a cautious start on Tuesday, as investors await some crucial geopolitical news for directional clues. Easing concerns about inflation following another sharp drop in oil prices could aid sentiment.
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9h 19min ago
UK Borrowing Overshoots Estimate
The UK government borrowing exceeded the government estimate in August as spending rose more than income, partly due to the impacts of inflation, data from the Office for National Statistics said Tuesday. Public sector net borrowing increased GBP 2.9 billion from the previous year to GBP 18.3 billion in August.
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9h 44min ago
AutoZone Q4 Profit, Comps Rise; Sees Sales Growth In FY27
AutoZone, Inc., an automotive replacement parts retailer, reported Tuesday higher profit in its fourth quarter with growth in net sales and same store sales. Looking ahead, the company said it is well positioned for sales growth in fiscal 2027. In the pre-market activity on the NYSE, the shares were gaining around 0.53 percent.
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9h 58min ago
U.K. Stocks Turning In Mixed Performance; FTSE 100 Up Marginally
U.K.'s equity benchmark FTSE 100 was up in positive territory a little past noon on Tuesday with stocks turning in a mixed performance as investors assessed the Middle East situation and looked ahead to U.S. President Donald Trump's speech at the U.N. General Assembly later in the day.
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10h 29min ago
