CAC 40 Little Changed On Growth Concerns

RTTNews | 1511 days ago
CAC 40 Little Changed On Growth Concerns

(RTTNews) - French stocks were little changed on Friday amid renewed concerns over slowing growth.

With Snap posting disappointing second-quarter results and announcing plans to slow hiring, investors now await financial results from Twitter due before the U.S. opening bell.

Meanwhile, July 'flash' PMI data raised further concerns that the French economy is heading towards a recession.

France's private sector growth slowed in July, reflecting a contraction in the manufacturing sector due to weaker demand, flash survey results from S&P Global showed.

The flash composite output index fell to 50.6 from 52.5 in June- signaling the slowest pace of expansion in the current 16-month sequence of growth.

Manufacturing output contracted in July, while services activity posted a softer growth.

The benchmark CAC 40 was virtually unchanged at 6,206 after closing 0.3 percent higher in the previous session.

read more
Oil Surge, ECB Rate Hike Weigh On European Market Sentiment

Oil Surge, ECB Rate Hike Weigh On European Market Sentiment

European equities declined Thursday as the European Central Bank raised interest rates by 25 basis points to 2.5% and increased inflation forecasts. Brent crude surged over 5.5% to $107 per barrel, amplifying inflation concerns across the continent.
RTTNews | 4h 8min ago
U.S. Existing Home Sales Drop Below 4.0 Mln For First Time Since June 2025

U.S. Existing Home Sales Drop Below 4.0 Mln For First Time Since June 2025

A report released by the National Association of Realtors on Thursday showed an extended slump by existing home sales in the U.S. in the month of August. NAR said existing home sales dove by 2.0 percent to an annual rate of 3.98 million in August after tumbling by 1.7 percent to an annual rate of 4.06 million in July.
RTTNews | 6h 53min ago
U.S. Producer Prices Increase 0.4% In August, In Line With Estimates

U.S. Producer Prices Increase 0.4% In August, In Line With Estimates

Producer prices in the U.S. increased in line with economist estimates in the month of August, the Labor Department revealed in a report released on Thursday. The Labor Department said its producer price index for final demand rose by 0.4 percent in August following a revised 0.1 percent uptick in July.
RTTNews | 7h 15min ago