CAC 40 Nearly 1%; Legrand Rises On Strong Earnings

RTTNews | vor 18 Tagen

(RTTNews) - French stocks are gaining some ground in positive territory on Thursday, coming back fairly strongly after recent losses. Optimism over a potential EU - US trade deal, and some encouraging earnings news contribute to the firm undertone in the market.

The benchmark CAC 40 was up 69.95 points or 0.91% at 7,792.04 a few minutes ago.

Legrand is rising nearly 8.5% thanks to upbeat first-half results. The company has also raised its full-year sales growth forecast to 10-12%, from 6-10% guidance it had given earlier.

Schneider Electric is gaining 6% on reports that the company is in talks to acquire the remaining 35% stake in its Indian subsidiary.

STMicroElectronics is up 3.3% and Saint Gobain is gaining 2.5%. Stellantis and Safran are up 2.1% and 1.7%, respectively.

Dassault Systemes, Bouygues, Vinci, Accor, Credit Agricole, Edenred, Air Liquide, L'orea, Capgemini, Sanofi, Michelin and ArcelorMittal are up 0.5 to 1.3%.

Publicis Groupe is down 2.25%. Hermes International, Veolia Environment, TotalEnergies, Renault and Kering are down 0.5 to 0.75%.

In economic news, Euro area inflation rose slightly to the European Central Bank's 2% target in June, as initially estimated, final data from Eurostat showed.

Annual inflation moved up to 2% in June from 1.9% in May. The rate came in line with the estimate published on July 1.

Core inflation that excludes prices of energy and food held steady at 2.3%, as estimated.

At 0.3%, the monthly growth in the harmonized index of consumer prices matched the flash estimate.

Indonesia GDP Growth Fastest In 2 Years

Indonesia's economic growth accelerated the most in two years in the second quarter driven by household spending and investment, official data showed Tuesday. Gross domestic product expanded 5.12 percent year-on-year in the second quarter, following an annual growth of 4.87 percent seen in the first quarter. The latest expansion was the fastest since the second quarter of 2023.

RTTNews | vor 1Std 21 Minuten

China Services Growth Fastest Since May 2024

China's services activity expanded at the fastest pace in more than a year in July on rising inflows of new business, purchasing managers' survey data from S&P Global showed on Tuesday. The headline general services business activity index rose to 52.6 in July from 50.6 in June. The index extended the current period of growth to just over two-and-a-half years. Moreover, the index suggested that t

RTTNews | vor 2Std 32 Minuten

European Economic News Preview: Eurozone Final Composite PMI Data Due

Composite Purchasing Managers' survey results from the euro area and other major euro area economies are due on Tuesday. At 2.45 am ET, France's statistical office INSEE publishes industrial output data for June. Production is forecast to grow 0.8 percent on a monthly basis, in contrast to the 0.5 percent fall in May. At 3.00 am ET, Spain's INE publishes industrial output data for June.

RTTNews | vor 2Std 57 Minuten

European Shares Set To Open On Firm Note

European stocks are seen opening higher on Tuesday as investors await the next batch of earnings and any new developments on the trade front.

RTTNews | vor 3Std 1 Minuten

Sensex, Nifty Open Lower After Trump's Fresh Tariff Threat

Indian shares opened on a sluggish note Tuesday after U.S. President Donald Trump threatened to "substantially" raise tariffs on goods imported from India, accusing that the country profited from Russia's war in Ukraine by purchasing large quantities of Russian oil and reselling it on the global market.

RTTNews | vor 4Std 3 Minuten

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending its early gains in mid-market trading on Tuesday, adding to the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,750 level, with gains across all sectors led by mining, energy and technology stocks.

RTTNews | vor 5Std 8 Minuten

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, amid optimism the weak monthly US jobs data will lead the US Fed to lower interest rates next month. Traders also picked up stocks at a bargain following the recent downturn in the markets. Asian markets closed mixed on Monday.

RTTNews | vor 5Std 34 Minuten

Sensex, Nifty Set To Open Lower As Trump Again Threatens India With Harsh Tariffs

Indian shares may open on a weak note Tuesday after U.S. President Donald Trump threatened to "substantially" raise tariffs on goods imported from India, accusing that the country profited from Russia's war in Ukraine by purchasing large quantities of Russian oil and reselling it on the global market.

RTTNews | vor 6Std 6 Minuten

EURUSD	1.15386	GBPUSD	1.32766	AUDUSD	0.64543
USDJPY	147.534	USDCAD	1.38014	USDCHF	0.8109

Advertisement

CAC 40 Nearly 1%; Legrand Rises On Strong Earnings