CAC 40 Edges Higher; Saint Gobain Shares Rally On Earnings

RTTNews | vor 917 Tagen
CAC 40 Edges Higher; Saint Gobain Shares Rally On Earnings

(RTTNews) - French stocks opened higher on Friday to extend gains from the previous session amid optimism that the world may avoid a deep recession and only experience slow growth or a softer recession.

Amid uncertainty over the future trajectory of the Federal Reserve' rate hikes, investors looked ahead to the release of the Fed's preferred inflation tool later in the day for further direction.

The benchmark CAC 40 was up 26 points, or 0.4 percent, at 7,344 after gaining 0.3 percent the previous day.

Saint-Gobain jumped nearly 5 percent. After posting record annual revenue, the building materials firm said it would allocate at least 400 million euros for share buybacks in 2023 in line with the objectives set out in its "Grow & Impact" plan.

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Australian Market Swings To Modest Gains In Mid-market

Australian Market Swings To Modest Gains In Mid-market

The Australian stock market is swinging to modest gains in mid-market moves on Friday after opening in the red, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 9,000 mark, with gains in energy and technology stocks partially offset by weakness in mining and financial stocks.
RTTNews | vor 1Std 42 Minuten
Asian Markets Mixed Amid Caution Trades

Asian Markets Mixed Amid Caution Trades

Asian stock markets are mixed on Friday, following the broadly positive cues from Wall Street overnight, ahead of the release of key U.S. inflation data later in the day that could impact the outlook for interest rates. Traders also digested highly anticipated earnings news from Nvidia, with the AI darling and market leader reporting second-quarter results that largely exceeded expectations.
RTTNews | vor 2Std 11 Minuten
Thai Stock Market Tipped To Open In The Green

Thai Stock Market Tipped To Open In The Green

The Thai stock market on Thursday ended the two-day slide in which it had slipped almost 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau and it may open to the upside again on Friday.
RTTNews | vor 3Std 17 Minuten
Japanese Market Notably Lower

Japanese Market Notably Lower

Giving up some of the gains in the previous two sessions, the Japanese market is notably lower on Friday, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling well below the 42,700 level, with weakness across most sectors led by exporters and technology stocks.
RTTNews | vor 3Std 34 Minuten
Additional Support Predicted For Indonesia Shares

Additional Support Predicted For Indonesia Shares

The Indonesia stock market has moved higher in two consecutive trading days, gathering almost 50 points or 0.6 percent in that span. The Jakarta Composite Index now sits just above the 7,950-point plateau and it may add to its winnings on Friday.
RTTNews | vor 3Std 47 Minuten
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian stock market is trading slightly lower on Friday, giving up some of the gains in the previous two sessions, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 9,000 mark, with weakness in mining and financial stocks partially offset by gains in energy and technology stocks.
RTTNews | vor 3Std 56 Minuten