CAC 40 Notably Higher; Airbus Rises Nearly 2.5%

RTTNews | hace 9
CAC 40 Notably Higher; Airbus Rises Nearly 2.5%

(RTTNews) - French stocks are gaining ground in positive territory on Monday with investors indulging in some brisk buying at several counters ahead of key earnings updates and some crucial economic data from the U.S. and Europe due this week.

Hopes of a de-escalation in U.S.-China trade friction too contribute to the positive mood in the market.

TotalEnergies, Airbus, Credit Agricole, Societe Generale and Air France KLM are scheduled to announce their earnings on Wednesday.

The benchmark CAC 40 was up 60.03 points or 0.8% at 7,596.29 a few minutes ago.

Shares from automobile and luxury sectors are faring well.

Kering is gaining more than 2.5%. Airbus is rising 2.35% after the company said it has finalized an agreement to take some assets from Spirit AeroSystems.

Teleperformance, Stellantis, BNP Paribas, Credit Agricole, Saint Gobain, L'Oreal, Engie, Vinci, LVMH, Societe Generale, Unibail Rodamco, AXA and ArcelorMittal are advancing 1 to 2%.

Capgemini, Bouygues, Safran, Pernod Ricard, Accor, Veolia Environment and Hermes International are up with moderate gains.

Edenred is declining 1.2%, while Bureau Veritas and Essilor are down 0.7% and 0.5%, respectively.

read more
European Shares Seen Opening Up On Trade Deal Optimism

European Shares Seen Opening Up On Trade Deal Optimism

European stocks look set to open on a positive note Thursday after U.S. President Donald Trump said he would announce "a MAJOR TRADE DEAL WITH REPRESENTATIVES OF A BIG, AND HIGHLY RESPECTED, COUNTRY," without giving further details.
RTTNews | hace 1h 8min
European Economic News Preview: Bank Of England To Cut Interest Rate

European Economic News Preview: Bank Of England To Cut Interest Rate

The Bank of England is set to cut its benchmark interest rate by a quarter-point on Thursday, to cope with the economic slowdown triggered by trade tariffs. The Monetary Policy Committee is expected to reduce the Bank Rate to 4.25 percent from 4.50 percent. The BoE had maintained its interest rate at its March meeting after reducing it three times since last year.
RTTNews | hace 1h 19min
Sensex, Nifty Subdued In Early Trade

Sensex, Nifty Subdued In Early Trade

Indian shares were subdued on Thursday amid rising tensions between India and Pakistan and concerns about the outlook for the global economy.
RTTNews | hace 2h 30min
Australian Market Swings To Slight Gains In Mid-market

Australian Market Swings To Slight Gains In Mid-market

The Australian market is turning its early losses to slight gains in mid-market moves on Thursday after opening in the red, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying just below the 8,200 level, with gains in gold miners and technology stocks partially offset by weakness in financial stocks.
RTTNews | hace 3h 18min
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, amid optimism surrounding the upcoming U.S.-China trade talks to take place in Switzerland this week and China's new stimulus measures. Meanwhile, the US Fed left interest rates unchanged, and also warned of increasing risks of higher unemployment and higher inflation.
RTTNews | hace 3h 41min
Sensex, Nifty Likely To Open On Cautious Note

Sensex, Nifty Likely To Open On Cautious Note

Indian shares look set to open on a cautious note Thursday as Pakistan troops continue to resort to cross-border shelling along the Line of Control (LoC) in Kupwara district of Jammu and Kashmir for the second consecutive day.
RTTNews | hace 4h 12min
Japanese Market Modestly Lower

Japanese Market Modestly Lower

The Japanese market is trading modestly lower on Thursday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling well below the 36,700 level, with weakness in index heavyweights, exporters and financial stocks partially offset by gains in technology stocks.
RTTNews | hace 5h 3min
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian market is trading slightly lower on Thursday, giving up some of the slight gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well below the 8,200 level, with weakness in iron ore miners and financial stocks partially offset by gains in gold miners and technology stocks.
RTTNews | hace 5h 40min