CAC 40 Modestly Higher In Cautious Trade; Renault Soars 7%

RTTNews | il y a 687
CAC 40 Modestly Higher In Cautious Trade; Renault Soars 7%

(RTTNews) - French stocks were seeing modest gains on Thursday, as investors digested hawkish comments from global central bankers and awaited Chinese PMI data for directional cues. The benchmark CAC 40 was up 27 points, or 0.4 percent, at 7,313 after rallying 1 percent on Wednesday.

Alstom edged up slightly. The French rolling stock major and Northrail AG have completed a framework contract for 50 multi-system Traxx Universal locomotives with a full-service maintenance package for up to 16 years.

Automaker Renault soared 7 percent. The company lifted its annual operating margin outlook following the success of its recent launches.

Euro zone bond yields edged higher today after preliminary data showed inflation rose in five economically important German states in the month of June.

Sweden's crown hit a record low after the Riksbank modestly raised its policy rate and accelerated bond sales.

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Swiss Market Ends On Firm Note On Upbeat Industrial Production Data

Swiss Market Ends On Firm Note On Upbeat Industrial Production Data

After a positive start and a subsequent rise to higher levels Friday morning, the Switzerland market remained firm despite paring some gains, and ended the day's session on a bright note. Data showing a sharp jump in Swiss industrial production in the first-quarter aided sentiment.
RTTNews | il y a 45 minutes
European Stocks Close Week On Positive Note

European Stocks Close Week On Positive Note

European stocks closed higher on Friday thanks to easing trade tensions following the announcement of the U.S.-China deal earlier in the week, and reports that the EU bloc's talks with the U.S. for a reduction in tariffs are making positive progress.
RTTNews | il y a 1h 8min
Canadian Market Recovers After Weak Start; TSX Up Marginally

Canadian Market Recovers After Weak Start; TSX Up Marginally

Canadian stocks are turning in a mixed performance a little past noon on Friday after recovering from an early setback. Investors appear to be making cautious moves after eight straight days of gains that saw the market climb to a new record high on Thursday.
RTTNews | il y a 1h 56min
U.S. Consumer Sentiment Unexpectedly Continues To Deteriorate In May

U.S. Consumer Sentiment Unexpectedly Continues To Deteriorate In May

Consumer sentiment in the U.S. has unexpectedly continued to deteriorate in the month of May, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index dipped to 50.8 in May after slumping to 52.2 in April. Economists had expected the index to inch up to 53.4.
RTTNews | il y a 4h 2min
U.S. Import, Export Prices Unexpectedly Inch Higher In April

U.S. Import, Export Prices Unexpectedly Inch Higher In April

The Labor Department released a report on Friday unexpectedly showing modest increases by both U.S. import and export prices in the month of April. The report said import prices crept up by 0.1 percent in April after falling by a downwardly revised 0.4 percent in March.
RTTNews | il y a 4h 5min
Eurozone Trade Surplus Surges On Exports To US

Eurozone Trade Surplus Surges On Exports To US

The euro area trade surplus grew strongly in March as exports to the U.S increased sharply ahead of the expected increase in trade tariffs. The trade balance showed a surplus of EUR 36.8 billion compared to a EUR 22.8 billion surplus in the same period last year, Eurostat reported Friday.
RTTNews | il y a 4h 55min
Richemont Shares Gain On Higher FY25 Results, Dividend Hike

Richemont Shares Gain On Higher FY25 Results, Dividend Hike

Shares of Richemont SA were gaining around 6 percent in the Swiss trading after the Cartier owner reported higher net profit and sales in its fiscal 2025 on strong Jewellery performance. Meanwhile, earnings from continuing operations was lower than last year amid weak China results. Further, the luxury goods firm declared higher dividend.
RTTNews | il y a 5h 1min