CAC 40 Struggles For Direction As Service Sector Contracts Again

RTTNews | vor 631 Tagen
CAC 40 Struggles For Direction As Service Sector Contracts Again

(RTTNews) - French stocks struggled for direction in early trade on Monday after Federal Reserve Chair Jerome Powell reiterated the central bank's stance to move carefully on rate cuts and a survey showed activity in France's services sector contracted for the eighth straight month in January.

The benchmark CAC 40 was marginally lower at 7,587 after finishing marginally higher on Friday.

Societe Generale rose slightly. The lender announced that the implementation of organizational changes would result in approximately 900 job cuts at its head office without forced departures.

Supermarket group Casino added 1.5 percent after confirming that it has received expressions of interest for its hypermarket and supermarket stores.

Automaker Renault jumped more than 3 percent on speculation over a potential combination with rival Stellantis.

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Canadian Market Advances; Cameco, Celestica Up Sharply

Canadian Market Advances; Cameco, Celestica Up Sharply

The Canadian market is up in positive territory around late morning on Tuesday thanks to gains in technology stocks. Energy stocks are weak, weighed down by a sharp drop in crude oil prices.
RTTNews | vor 5Std 50 Minuten
U.S. Consumer Confidence Edges Modestly Lower In October

U.S. Consumer Confidence Edges Modestly Lower In October

Consumer confidence in the U.S. saw a modest deterioration in the month of October, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index dipped to 94.6 in October from an upwardly revised 95.6 in September.
RTTNews | vor 7Std 15 Minuten
PayPal Lifts FY25 Outlook Above Market, Teams With OpenAI; Stock Up

PayPal Lifts FY25 Outlook Above Market, Teams With OpenAI; Stock Up

Shares of PayPal Holdings, Inc. were gaining around 15 percent in the pre-market activity on the Nasdaq, after the company issued earnings forecast for its fourth quarter expecting year-over-year growth, and raised fiscal 2025 outlook above the market estimates. The payment technology major also initiated quarterly cash dividend after reporting higher third-quarter results above market.
RTTNews | vor 8Std 31 Minuten
Falling Commodity Prices Likely To Weigh On Canadian Market At Open

Falling Commodity Prices Likely To Weigh On Canadian Market At Open

Canadian market is likely to open on a negative note Tuesday morning, weighed down by falling crude oil and gold prices. The mood is likely to remain cautious ahead of the monetary policy announcements from the Bank of Canada and the Federal Reserve on Wednesday.
RTTNews | vor 8Std 56 Minuten
German GfK Consumer Sentiment To Continue Falling On Weak Income Expectations

German GfK Consumer Sentiment To Continue Falling On Weak Income Expectations

German consumer confidence is likely to continue its downward trend in November on weaker income expectations, monthly survey data published jointly by NIQ/GfK and the Nuremberg Institute for Market Decisions showed Tuesday. The forward-looking consumer climate indicator fell unexpectedly to -24.1 in November from revised -22.5 in October. The score was expected to improve to -22.0.
RTTNews | vor 9Std 48 Minuten
UPS Sees Q4 Revenues Above Street As Q3 Beats Market, Despite A Fall; Stock Gains

UPS Sees Q4 Revenues Above Street As Q3 Beats Market, Despite A Fall; Stock Gains

Shares of United Parcel Service Inc. were gaining around 9 percent in the pre-market activity on Tuesday after the logistics major issued fourth-quarter outlook for revenues above market estimates after the third-quarter adjusted earnings and top line beat the Street. On a reported basis, third-quarter earnings were down mainly as revenues were hit by weak results in U.S. Domestic and Supply Chain
RTTNews | vor 10Std 5 Minuten