CAC 40 Slips Into Red As Investors Brace For A Busy Week Ahead

RTTNews | 1411 days ago
CAC 40 Slips Into Red As Investors Brace For A Busy Week Ahead

(RTTNews) - French stocks were moving lower on Monday ahead of a busy week of earnings, economic data releases and central bank meetings.

Growth worries resurfaced after China reported disappointing data as a result of strict COVID-19 lockdowns.

China's official manufacturing purchasing managers' index (PMI) fell to 49.2 in October from 50.1 in September, and the non-manufacturing PMI, which measures business sentiment in the services and construction sectors, dropped to 48.7 from 50.6 in September as virus disruptions worsened and export orders remained under pressure, separate reports showed.

The benchmark CAC 40 fell 23 points, or 0.4 percent, to 6,249 after gaining half a percent on Friday.

The U.S. dollar edged higher ahead of central bank meetings due this week in Australia, the United States and the U.K.

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Swiss Market Ends Modestly Higher

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The Switzerland stock market closed modestly higher on Friday, in line with markets across Europe, as a sharp drop in oil prices helped lift sentiment.
RTTNews | 29 minutes ago
European Markets Rise As Oil Prices Fall On IEA Demand Cut

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IEA Cuts Oil Demand Forecast; Canadian Markets Eye Recovery

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RTTNews | 6h 12min ago
Canadian Dollar Falls As Oil Prices Edge Lower

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The Canadian dollar weakened against other major currencies in the European session on Friday, as the crude oil prices traded lower amid escalating U.S.-Iran tensions and concerns over prolonged disruption to global energy supplies.
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