CAC 40 Drifts Lower On Italian Politics

(RTTNews) - French stocks were moving lower on Tuesday as coalition talks continued in Italy and investors awaited further clarity on the Trump administration's future approach to the U.S.-China trade war.

Italy's anti-establishment Five Star Movement suspended talks on forming a new ruling coalition with the opposition Democratic Party, insisting it would end talks unless Giuseppe Conte can remain prime minister.

The day's economic reports proved to be a mixed bag, with a measure of French manufacturing confidence improving slightly in August on a rebound in order books and production expectations, while consumer sentiment remained stable, separate reports showed.

The benchmark CAC 40 was down 8 points, or 0.15 percent, at 5,343 after gaining half a percent on Monday.

Elsewhere, Asian markets ended the day mostly higher while trading in U.S. equity futures pointed to a slightly lower open on Wall Street later in the day.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Markets Videos


    Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

    Learn More