CAC 40 Modestly Lower; Renault Rallies On Positive Outlook

RTTNews | Před 137 dny

(RTTNews) - French stocks are exhibiting weakness on Thursday amid renewed concerns about U.S. tariffs on imports from China. Investors are also digesting a slew of earnings updates and French consumer sentiment data.

The benchmark CAC 40 was down 31.90 points or 0.43% at 7,450.46 a few minutes ago, recovering from a low of 7,411.03.

Dassault Systemes is down nearly 7%. Kering is lower by about 5.3%, while Thales is down 4%.

BNP Paribas is declining 3.7% are reporting mixed quarterly results. The bank reported pre-tax income of 4.240 billion euros for the first quarter, 2.8% lower than 4.363 billion euros in the same quarter a year ago.

Operating income was 3.922 billion euros, 0.3% up from 3.901 billion euros last year, while non-operating items declined to 318 million euros from 462 million euros. Net income, group share decreased 4.9% to 2.951 billion euros from 3.103 billion euros a year ago, while revenue for the quarter grew 3.8% to 12.960 billion euros from 12.483 billion euros in the previous year.

Essilor is down 2.6% and Eurofins Scientific is lower by 2.1%. Teleperformance, Saint Gobain, Safran, Airbus and Sanofi are down 1 to 1.7%.

Renault is climbing up 2.75% after reaffirming its FY25 outlook. In the first-quarter, group revenues were 11.675 billion euros, down 0.3% from 11.707 billion euros last year. However, revenues grew 0.6% at constant exchange rates.

STMicroElectronics is gaining 2.3%, while Air Liquide, Bureau Veritas, Danone and L'Oreal are down 1.2 to 1.9%.

Monthly survey results from the statistical office INSEE said French consumer confidence remained unchanged in April, with the consumer sentiment index coming in at 92 in April. The score was forecast to fall to 91. Nonetheless, the score has remained below its long-term average of 100.

Major purchase intentions of households hit the highest since February 2022. The corresponding index rose to -23 from -26 in March.

The index measuring the current ability to save improved in April, while the one related to their future ability to save worsened as it fell three points to 12.

Australia Consumer Confidence Weakens In September

Australian consumer confidence declined notably in September and remained in a 'cautiously pessimistic' territory, survey results from Westpac showed on Tuesday. The Westpac-Melbourne Institute Consumer Sentiment Index declined 3.1 percent to 95.4 in September from 98.5 in August. The third 25 basis-point interest rate cut from the Reserve Bank of Australia had boosted sentiment in August.

RTTNews | Před 34 minutami

European Shares Set To Drift Lower As French Political Crisis Deepens

European stocks are likely to open a tad lower on Tuesday, with French politics and upcoming U.S. inflation readings likely to be in the spotlight.

RTTNews | Před 38 minutami

Sensex, Nifty Open Higher; IT Stocks Lead Gains

Indian shares opened on a positive note on Tuesday, tracking mostly positive cues from global markets amid optimism around a potential Federal Reserve rate cut next week.

RTTNews | Před 1 h 49 min

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, adding to the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,800 level, with weakness in iron ore miners, financial and energy stocks partially offset by gains in gold miners.

RTTNews | Před 2 h 49 min

Asian Markets Mixed Amid Cautious Trades

Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic about the outlook for interest rates following last week's weaker-than-expected US jobs data. They also remain cautious ahead of key U.S. inflation readings due later in the week that could influence the US Fed's rate trajectory.

RTTNews | Před 3 h 24 min

Sensex, Nifty Seen Higher At Open

Indian shares look set to open higher on Tuesday, even as volatility cannot be ruled out amid talk of more sanctions against Russia and ahead of key U.S. inflation readings due this week that could influence the Federal Reserve's rate trajectory.

RTTNews | Před 3 h 53 min

Higher Open Called For Thai Stock Market

The Thai stock market has moved higher in back-to-back sessions, adding almost 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just above the 1,265-point plateau and it may extend its winning streak again on Tuesday. The global forecast for the Asian markets is upbeat on optimism over the outlook for interest rates. The European and U.S. markets were modestly higher and the Asian bourses are expected to follow that lead. The SET finished slightly higher on Monday following gains from the food, consumer, finance, industrial, property and service sectors. For the day, the index was up 1.31 points or 0.10 percent to finish at 1,266.11 after trading between 1,264.79 and 1,276.15. Volume was 10.729 billion shares worth 54.546 billion baht. There were 278 gainers and 195 decliners, with 182 stocks finishing unchanged. Among the actives, Advanced Info skidded 1.02 percent, while Thailand Airport tumbled 1.95 percent, Banpu fell 0.40 percent, Bangkok Bank collected 0.66 percent, Bangkok Dusit Medical sank 0.95 percent, Bangkok Expressway soared 4.76 percent, B. Grimm retreated 1.54 percent, BTS Group rallied 4.24 percent, CP All Public jumped 1.58 percent, CP Axtra skyrocketed 14.14 percent, Charoen Pokphand Foods surged 4.44 percent, Energy Absolute stumbled 2.84 percent, Gulf plummeted 4.74 percent, Kasikornbank climbed 1.18 percent, Krung Thai Bank advanced 0.99 percent, Krung Thai Card dropped 0.85 percent, PTT Oil & Retail strengthened 1.39 percent, PTT improved 0.79 percent, PTT Global Chemical slumped 0.90 percent, SCG Packaging added 0.56 percent, Siam Commercial Bank shed 0.40 percent, Siam Concrete spiked 2.28 percent, TTB Bank skidded 1.05 percent and Asset World, True Corporation, PTT Exploration and Production and Thai Oil were unchanged.

RTTNews | Před 4 h 23 min

Japanese Market Significantly Higher

The Japanese stock market is trading significantly higher on Tuesday, extending the gains in the previous three sessions, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 44,100 level to record all-time highs, after Prime Minister Shigeru Ishiba announced his resignation, with gains across most sectors led by exporters and technology stocks.

RTTNews | Před 4 h 52 min

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