CAC 40 Drops On China Concerns
(RTTNews) - French stocks fell notably on Monday after a slew of Chinese data including reports on GDP, industrial output and retail sales proved to be a mixed bag, raising concerns about economic recovery in the world's second-largest economy.
The benchmark CAC 40 was down 54 points, or 0.7 percent, at 7,321 after ending flat with a positive bias on Friday.
China-related luxury-goods makers were coming under selling pressure, with Kering, Hermes and LVMH falling between 1.5 percent and 3.4 percent.
Danone edged down slightly. The food and beverage company reported about Russian authorities' decision to place Danone Russia under temporary external administration of the country's Federal Agency for State Property Management.
read more
FTSE 100 Climbs Higher Amid Oil Decline, U.K. Housing Recovery
The FTSE 100 advanced 95.80 points to 10,754.93 on Monday as Brent crude dropped 3.5% to $100.20 amid diplomatic progress expectations at the UN. U.K. house prices rose 0.7% month-on-month in September, the first increase in four months.
RTTNews
|
16 minutes ago
CAC 40 Climbs As Oil Prices Fall On Middle East Diplomatic Hopes
France's CAC 40 benchmark climbed 0.98% as oil prices fell sharply on hopes for Middle East diplomatic progress. Brent crude dropped to $101.19, losing over 2.5%. Geopolitical tensions eased following discussions between U.S. and Gulf leaders.
RTTNews
|
39 minutes ago
Indian Shares Rise As Oil Prices And Bond Yields Dip On US-Iran Diplomacy Hopes
Indian shares closed Monday's session higher as oil prices extended slide to their lowest levels in more than a week and global bond yields dipped amid hopes that diplomatic efforts could help ease tensions in West Asia.
RTTNews
|
59 minutes ago
DAX Rises More Than 1% On Oil Decline And German Reform Push
German equities surged Monday with the DAX gaining 280.35 points to 25,576.79 amid declining oil prices and Chancellor Friedrich Merz's reform commitment. Brent crude dropped over 2.5% on Middle East diplomatic hopes.
RTTNews
|
1h 8min ago
Gold Edges Lower On Rate Hike Concerns
Gold prices were moving lower on Monday due to expectations for additional Federal Reserve rate hikes.
RTTNews
|
1h 49min ago
Oil Extends Slide As US-Iran Diplomacy Gathers Pace
Oil prices extended slide to their lowest levels in more than a week on Monday amid hopes that diplomatic efforts could help ease tensions in West Asia.
RTTNews
|
2h 7min ago
European Shares Climb As Inflation Worries Ease
European stocks advanced on Monday as falling oil prices eased inflation concerns and German Chancellor Friedrich Merz vowed to press ahead with reforms after suffering a bruising electoral setback in two state elections.
RTTNews
|
2h 24min ago
Asian Shares Rise As US-Iran Diplomacy Gains Momentum
Asian stocks rose broadly on Monday as oil extended declines on hopes of a diplomatic path to de-escalate the U.S.-Iran war. Regional volumes were thin as Japanese markets remained closed for a three-day holiday weekend ending September 23.
RTTNews
|
2h 45min ago
