CAC 40 Edges Up In Cautious Trade

RTTNews | 12 days ago
CAC 40 Edges Up In Cautious Trade

(RTTNews) - French stocks edged up slightly in cautious trade on Wednesday as investors looked forward to earnings reports from some of the biggest technology and growth companies in the U.S.

The benchmark CAC 40 was up 18 points, or 0.2 percent, at 8,124 after gaining 0.8 percent in the previous session.

Luxury group Kering plunged 8 percent after a profit warning and amid concerns about declining demand for its Gucci brand.

Eurofins Scientific slumped 5.6 percent after confirming its objectives for FY24 to FY27.

Orange declined 2.3 percent after reporting a marginal rise in first-quarter profit. Air Liquide dropped 1.4 percent on reporting a fall in sales for the first quarter.

Casino Guichard-Perrachon surged more than 4 percent. The company said it is embarking on a transformation plan aimed at aligning its organization with the Group's new scope.

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Eutelsat Mulls Options For Ground Network

Eutelsat Mulls Options For Ground Network

French satellite operator Eutelsat Group confirmed Monday, following recent press speculation, that it is analysing options for its ground network. The company may partner with external infrastructure investors, but the analysis is preliminary in nature at this time. There can be no certainty that it will lead to a specific outcome, the firm noted.
RTTNews | 4h 29min ago
European Economic News Preview: Eurozone Final PMI, Investor Confidence Due

European Economic News Preview: Eurozone Final PMI, Investor Confidence Due

Final composite Purchasing Managers' survey results, investor sentiment and producer prices from the euro area are the top economic news due on Monday. At 3.15 am ET, Spain's services PMI survey results are due. Economists expect the services PMI to fall slightly to 56.0 in April from 56.1 in March.
RTTNews | 4h 56min ago
Hormel Foods Recalls Select Planters Peanuts, Mixed Nuts

Hormel Foods Recalls Select Planters Peanuts, Mixed Nuts

Hormel Foods Sales, LLC, affiliated to food processing major Hormel Foods Corp., is recalling a limited number of two Planters nut products citing potential to be contaminated with Listeria monocytogenes, according to the U.S. Food and Drug Administration.
RTTNews | 5h 1min ago
European Shares Seen Up As Weak US Data Revives Fed Easing Bets

European Shares Seen Up As Weak US Data Revives Fed Easing Bets

European stocks are seen opening on a firm note Monday as weak U.S. data released on Friday fueled bets that the Federal Reserve could start cutting interest rates soon. The U.S. economic calendar for this week is relatively quiet, potentially shifting the spotlight to earnings news from several big-name companies.
RTTNews | 5h 16min ago
Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Monday.
RTTNews | 6h 58min ago
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Monday, following the broadly positive cues from global markets on Friday, on easing concerns about the outlook for US Fed interest rates after data showed a slowdown in U.S. employment growth in April and U.S. service sector activity unexpectedly contracted in April. Asian markets closed mostly higher on Friday.
RTTNews | 7h 40min ago