CAC 40 Gains On China Stimulus Optimism

RTTNews | 659 dias atrás
CAC 40 Gains On China Stimulus Optimism

(RTTNews) - French stocks were a tad higher on Monday as weak Chinese data spurred hopes of more policy stimulus.

China's manufacturing activity fell for a fourth straight month in July while the services and construction sectors teetered on the brink of contraction, official data showed today.

In another development, China's State Council announced further measures to bolster consumption and economic growth.

Investors also embraced the latest economic data from the U.S. showing an easing in wage costs and core inflation.

The benchmark CAC 40 was up 14 points, or 0.2 percent, at 7,490 after rising 0.2 percent on Friday.

China-related stocks traded mixed, with Kering falling 1.3 percent, while LVMH rose half a percent and Hermes International added 1.1 percent.

The latest figures on eurozone inflation and gross domestic product are awaited later in the day.

read more
TSX Extends Gains To 10th Straight Session, Hits New Record High

TSX Extends Gains To 10th Straight Session, Hits New Record High

Canadian shares are up in positive territory Tuesday morning, extending gains to a tenth straight session, amid easing concerns about tariffs, and some brisk buying in gold stocks on safe-haven appeal following Moody's downgrading U.S. credit rating, citing debt concerns. Investors are also digesting a report showing a drop in Canada's annual inflation rate.
RTTNews | 1h 15min atrás
Honda Cuts EV Sales, Investment Targets As It Shifts Focus

Honda Cuts EV Sales, Investment Targets As It Shifts Focus

Honda Motor Co., Ltd. announced Tuesday that it is realigning automobile business strategy, with a cut in planned electric vehicle or EV sales ratio, and investment for automobile electrification due to the recent market slowdown. Meanwhile, Honda expects a minimal increase in investment related to Hybrid Electric Vehicle or HEV business.
RTTNews | 2h 15min atrás
U.S. Dollar Slides Amid U.S. Tariff Uncertainty

U.S. Dollar Slides Amid U.S. Tariff Uncertainty

The U.S. dollar weakened against other major currencies in the European session on Tuesday, due to fiscal and economic concerns amid uncertainties about U.S. tariffs.
RTTNews | 5h 11min atrás
Home Depot Q1 Profit Misses Market, But Sales Beat; Backs Outlook; Stock Up

Home Depot Q1 Profit Misses Market, But Sales Beat; Backs Outlook; Stock Up

Home Depot Inc. reported Tuesday weak first-quarter profit below market estimates, while sales grew from last year and beat the Street view with slightly higher comparable sales in the U.S. Further, the home improvement retailer maintained its fiscal 2025 guidance, expecting weak earnings, but higher sales and comparable sales. In the pre-market activity on the NYSE, Home Depot shares were gaining
RTTNews | 6h 19min atrás
CAC 40 Modestly Higher

CAC 40 Modestly Higher

The French market is modestly higher in cautious trade on Tuesday with investors closely following the developments on the geopolitical front. Tensions between Russia and Ukraine linger despite an announcement from U.S. President Donald Trump that the two nations would soon begin ceasefire negotiations.
RTTNews | 6h 31min atrás