CAC 40 Edges Higher In Lackluster Trade

RTTNews | vor 723 Tagen
CAC 40 Edges Higher In Lackluster Trade

(RTTNews) - French stocks were seeing modest gains on Monday despite lingering worries about interest rates and fresh concerns about China's debt-laden property sector.

The benchmark CAC 40 was up 21 points, or 0.3 percent, at 7,361 after declining 1.3 percent on Friday.

Banks BNP Paribas, Credit Agricole and Societe Generale were up between 0.7 percent and 0.9 percent.

Eurozone government bond yields edged higher, with Germany's 10-year government bond yield hovering near a one-month high as investors assessed upside risks to the inflation outlook.

Automaker Renault edged up slightly after Tesla Inc cut prices in China for its Model Y long-range and performance versions starting on Aug. 14.

Asian stocks ended mostly lower earlier in the day on China growth concerns while U.S. stock futures rose ahead of a spate of economic data due in the coming days.

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Swiss Market Ends Notably Lower

Swiss Market Ends Notably Lower

Save for a few minutes about an hour after the opening bell, the Switzerland market stayed weak on Wednesday with several stocks reeling under selling pressure. Investors were cautious amid concerns about the impact of U.S. tariffs, and Donald Trump's fresh threat that his government might consider imposing tariffs on chips and pharmaceuticals.
RTTNews | vor 20 Minuten
Canadian Stocks Surge Higher Again; TSX Scales New Record High

Canadian Stocks Surge Higher Again; TSX Scales New Record High

Canadian stocks are up firmly in positive territory on Wednesday, and the benchmark S&P/TSX Composite Index stays high up after hitting a fresh record. Rising optimism about a rate cut by the Federal Reserve in September, firm oil prices and some upbeat corporate earnings announcements are contributing to the positive mood in the market.
RTTNews | vor 1Std 40 Minuten
India Holds Key Interest Rates Steady As Trade Tensions Escalate

India Holds Key Interest Rates Steady As Trade Tensions Escalate

The Reserve Bank of India left its key interest rates unchanged on Wednesday after an aggressive cut in June as the economy faces another threat from the US due to its Russian oil imports. The RBI Monetary Policy Committee, led by Governor Sanjay Malhotra, unanimously decided to hold the policy repo rate at 5.50 percent. The bank had reduced the rate by 50 basis points in June.
RTTNews | vor 4Std 12 Minuten
Bay Street Looks Set To Extend Upmove

Bay Street Looks Set To Extend Upmove

Canadian shares look headed for a positive start on Wednesday, riding on some impressive corporate earnings updates, and higher oil prices. The focus will also be on the developments on the trade front.
RTTNews | vor 5Std 40 Minuten
Eurozone Retail Sales Recover In June

Eurozone Retail Sales Recover In June

Euro area retail sales rebounded in June suggesting that household spending likely supported economic growth in the second quarter, official data revealed on Wednesday. Retail sales grew 0.3 percent on a monthly basis in June, offsetting May's 0.3 percent decline, Eurostat said. However, this was marginally weaker than economists' forecast for a 0.4 percent increase.
RTTNews | vor 5Std 50 Minuten
Euro Rises As European Shares Traded Higher

Euro Rises As European Shares Traded Higher

The euro strengthened against other major currencies in the European session on Wednesday, as European shares traded higher despite weak factory orders data from Germany and fresh tariff threats from U.S. President Donald Trump on pharma and chips. Some upbeat earnings announcements and expectations of a Fed interest rate cut next month appear to be aiding sentiment.
RTTNews | vor 6Std 23 Minuten
Disney Lifts FY25 EPS View After Q3 Profit Beats Market; ESPN In Deal With WWE, NFL

Disney Lifts FY25 EPS View After Q3 Profit Beats Market; ESPN In Deal With WWE, NFL

Media and entertainment major Walt Disney Co. (DIS) on Wednesday raised fiscal 2025 outlook for earnings.above the Street after reporting significantly higher profit in its third quarter, above market estimates. Meanwhile, revenues missed the market view, despite reporting a growth. Separately, Disney announced that its unit ESPN has signed a landmark rights agreement with WWE.
RTTNews | vor 6Std 40 Minuten