CAC Rises 1.3% On U.S-EU Trade Deal Optimism

RTTNews | Před 15 dny

(RTTNews) - French stocks are up firmly in positive territory on Wednesday, recovering well from recent losses. U.S. President Donald Trump's announcement about trade deals with Japan and Philippines has raised hopes the European Union will soon strike a deal with the U.S. ahead of the August 1 deadline.

The prospects of an EU-U.S. trade agreement improved after Trump said that EU representatives would come for trade negotiations on Wednesday.

"We have Europe coming in tomorrow, and the next day, we have some other ones coming in," Trump said late on Tuesday, without specifying details.

The benchmark CAC 40 was up 102.20 points or 1.32% at 7,846.61 a little while ago.

Stellantis is rising nearly 7%. Kering is gaining 3.85% and Teleperformance is climbing up 3.1%. Renault is up 3.3% after vehicle sales rose by 1.3% in the first half of the year.

Saint Gobain, L'Oreal, LVMH, BNP Paribas, Sanofi and Hermes International are up 2 to 3%. Michelin, Pernod Ricard, Eurofins Scientific are up nearly 2%.

AXA, Airbus, Safran, Accor, Vinci, EssilorLuxottica, Carrefour, Societe Generale, Schneider Electric and Unibail Rodamco are gaining 1 to 1.8%.

Edenred is up 1.7%. the company announced that its net profit remained flat in the first half compared to the previous year due to higher financial and tax expenses. For the first half, net profit remained at 235 million euros compared with last year.

Adjusted net profit increased to 279 million euros from 268 million euros in the previous year. Adjusted earnings per share were 1.16 euro versus 1.08 euro last year.

French train maker Alstom is up more than 4.5% as first-quarter sales topped estimates.

Aerospace and defense company Thales is down 1%. The company reported adjsted net income of 877 million euros for the first-half, compared to 866 million euros a year ago. In the first half, net income from continuing operations grew 6% to 664 million euros from prior year's 625 million euros.

Looking ahead, for fiscal 2025, the company expects adjusted EBIT margin to be in the range of 12.2% to 12.4%, mainly driven by the margin progression in the Aerospace segment and continued high margin in Defence.

STMicroElectronics is lower by nearly 3%. Engie and Orange are modestly lower.

U.S. Labor Productivity Rebounds Roughly In Line With Estimates In Q2

Labor productivity in the U.S. saw a significant rebound in the second quarter of 2025, according to preliminary data released by the Labor Department on Thursday. The report said labor productivity shot up by 2.4 percent in the second quarter after tumbling by a downwardly revised 1.8 percent in the first quarter.

RTTNews | Před 19 minutami

U.S. Jobless Claims Rise More Than Expected To 226,000

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 2nd. The Labor Department said initial jobless claims climbed to 226,000, an increase of 7,000 from the previous week's revised level of 219,000.

RTTNews | Před 29 minutami

Bank Of England Cuts Rate In Tight Vote

The Bank of England reduced its benchmark interest rate in a close call on Thursday suggesting that the monetary easing cycle is nearing an end as policymakers became more concerned about persistent inflation. The Monetary Policy Committee, headed by BoE Governor Andrew Bailey, voted 5-4 to cut the bank rate by 25 basis points to 4.00 percent.

RTTNews | Před 1 h 26 min

Global Cues, Firm Commodity Prices Point To Another Firm Start On Bay Street

Canadian shares are likely to open higher Thursday morning, tracking positive global cues and higher commodity prices.

RTTNews | Před 2 h 9 min

U.S. Labor Productivity Surges 2.4% In Second Quarter

Labor productivity in the U.S. saw a significant rebound in the second quarter of 2025, according to preliminary data released by the Labor Department on Thursday.

RTTNews | Před 2 h 16 min

U.S. Weekly Jobless Claims Rise More Than Expected

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 2nd.

RTTNews | Před 2 h 22 min

Pound Jumps After BoE Rate Decision

The British pound strengthened against other major currencies in the European session on Thursday the Bank of England (BoE) reduced UK interest rates by a quarter point, making it the fifth reduction in a year, although almost half of its policymakers opted to maintain borrowing costs.

RTTNews | Před 2 h 50 min

CAC 40 Remains Firmly Up; ArcelorMittal Rises Over 7%

French stocks are up in positive territory on Thursday, despite concerns about the impact of U.S. tariffs that come into force today. Investors are largely focusing on earnings, and digesting the Bank of England's interest rate decision.

RTTNews | Před 2 h 52 min

EURUSD	1.16359	GBPUSD	1.34185	AUDUSD	0.65097
USDJPY	147.34	USDCAD	1.37592	USDCHF	0.80776

Advertisement

CAC Rises 1.3% On U.S-EU Trade Deal Optimism