CAC 40 Declines On Rate Worries

RTTNews | Před 574 dny
CAC 40 Declines On Rate Worries

(RTTNews) - French stocks traded lower on Thursday amid renewed concerns over rising interest rates and the ongoing Israel-Hamas conflict.

Investors also awaited the ECB rate decision later in the day for directional cues.

The benchmark CAC 40 was down 65 points, or 0.9 percent, at 6,850 after rising about 0.3 percent in the previous session.

Automaker Renault fell nearly 3 percent following disappointing earnings updates from peers Mercedes Benz and Volkswagen.

Lender BNP Paribas slumped 4 percent after posting a fall in third-quarter net profit on higher expenses.

Food group Danone rose 1.3 percent after lifting its 2023 revenue growth forecast.

Sodexo jumped 6 percent. The catering and food services group said it plans to list its voucher and benefits division Pluxee early in 2024.

Carrefour, Europe's largest food retailer, surged 4 percent after reporting higher third-quarter sales and backing its full-year targets.

Troubled supermarket group Casino was slightly lower after slashing its profit forecast.

TotalEnergies dropped half a percent after reporting a decline in Q3 adjusted profit.

read more
Walmart To Cut 1,500 Corporate Jobs In Cost-cutting Efforts

Walmart To Cut 1,500 Corporate Jobs In Cost-cutting Efforts

Amid a challenging retail environment, due to fierce competition along with ongoing tariff issues, retail behemoth Walmart Inc. is planning to cut around 1,500 corporate jobs in the United States as part of its restructuring, media reported citing a memo. The multinational chain of hypermarkets, discount department stores, and grocery stores' efforts to simplify its operations...
RTTNews | Před 25 minutami
German Ifo Business Sentiment Strengthens; Composite PMI Falls

German Ifo Business Sentiment Strengthens; Composite PMI Falls

German business confidence strengthened in May as companies became less concerned about uncertainties regarding trade tariffs, a closely watched survey showed Thursday. The Purchasing Managers' survey compiled by S&P Global today showed that the German private sector activity contracted the most in five months in May due to a deepening downturn in the service sector.
RTTNews | Před 26 minutami
Antipodean Currencies Fall, Yen Gains Amid Risk-off Sentiment

Antipodean Currencies Fall, Yen Gains Amid Risk-off Sentiment

The Antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Thursday on increased risk-off sentiment, following the broadly negative cues from Wall Street overnight, amid rising treasury yields on concerns about the fiscal impact of a new U.S. tax bill on the country's deficit. The lack of clear progress on new trade deals is also weighing on the markets.
RTTNews | Před 4 h 27 min
European Economic News Preview: Eurozone Flash PMI Data Due

European Economic News Preview: Eurozone Flash PMI Data Due

Flash purchasing managers' survey results from the major euro area economies and business sentiment from Germany and France are due on Thursday, headlining a hectic day for the European economic news. At 2.00 am ET, the Office for National Statistics publishes UK public sector finance data for April. The budget deficit is forecast to rise to GBP 18 billion from GBP 16.4 billion in March.
RTTNews | Před 5 h 31 min