CAC 40 Declines On Rate Worries

RTTNews | il y a 672
CAC 40 Declines On Rate Worries

(RTTNews) - French stocks traded lower on Thursday amid renewed concerns over rising interest rates and the ongoing Israel-Hamas conflict.

Investors also awaited the ECB rate decision later in the day for directional cues.

The benchmark CAC 40 was down 65 points, or 0.9 percent, at 6,850 after rising about 0.3 percent in the previous session.

Automaker Renault fell nearly 3 percent following disappointing earnings updates from peers Mercedes Benz and Volkswagen.

Lender BNP Paribas slumped 4 percent after posting a fall in third-quarter net profit on higher expenses.

Food group Danone rose 1.3 percent after lifting its 2023 revenue growth forecast.

Sodexo jumped 6 percent. The catering and food services group said it plans to list its voucher and benefits division Pluxee early in 2024.

Carrefour, Europe's largest food retailer, surged 4 percent after reporting higher third-quarter sales and backing its full-year targets.

Troubled supermarket group Casino was slightly lower after slashing its profit forecast.

TotalEnergies dropped half a percent after reporting a decline in Q3 adjusted profit.

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European Shares Seen Higher At Open

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RTTNews | il y a 1h 44min
Sensex Nifty Decline On Tariff Worries

Sensex Nifty Decline On Tariff Worries

Indian shares opened on a sluggish note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect, impacting trade worth billions of dollars and risking Washington-New Delhi ties.
RTTNews | il y a 2h 36min
European Economic News Preview: Eurozone Economic Sentiment Data Due

European Economic News Preview: Eurozone Economic Sentiment Data Due

Economic confidence and monetary aggregates from the euro area and flash GDP from Switzerland are the top economic news due on Thursday. At 3.00 am ET, the State Secretariat for Economic Affairs is slated to release Swiss GDP data for the second quarter. The economy is expected to grow 0.1 percent sequentially after rising 0.5 percent in the first quarter.
RTTNews | il y a 2h 37min
Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming early losses in mid-market moves on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.
RTTNews | il y a 4h 3min
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic the US Fed will cut interest rates at their next meeting in September. They also remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the Fed's preferred readings on consumer price inflation.
RTTNews | il y a 4h 18min
Swiss Market Settles Modestly Higher

Swiss Market Settles Modestly Higher

The Switzerland market closed modestly higher on Wednesday after staying firm right through the day's session, thanks to fairly strong buying at several counters. The benchmark SMI closed up by 46.23 points or 0.38% at 12,207.12. The index moved between 12,166.23 and 12,226.36 during the session.
RTTNews | il y a 5h 1min