CAC 40 Modestly Lower In Cautious Trade; Teleperformance Tanks 9%

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(RTTNews) - French stocks are down in negative territory Friday morning amid concerns about growth following U.S. President Donald Trump's tariff moves on European countries, and confirmation that additional levies on Canadian and goods imported into the American will become effective from early March.

Investors are also digesting a slew of French earnings reports and economic data.

The benchmark CAC 40, which dropped to 8,031.48 earlier, was down 28.27 points or 0.35% at 8,074.25 a few minutes ago.

Teleperformance is tanking more than 9%. The call centre group's stock is down following a lower than expected guidance for 2025.

Kering, Schneider Electric and STMicroElectronics are down 1.2 to 1.4%. Sanofi, AXA, Publicis Groupe, BNP Paribas, Essilor, Societe Generale, Dassault Systemes and Thales are lower by 0.6 to 1%.

Saint Gobain is gaining more than 2.5%. The building materials firm reported full-year 2024 net income of 2.844 billion euros or 5.69 euros per share, up from 2.669 billion euros or 5.26 euros per share last year.

Recurring net income for the year was 3.474 billion euros or 6.95 euros per share, up from 3.416 billion euros or 6.73 per share last year.

Pernod Ricard is rising 2.3% and Stellantis is up by about 1.7%. L'Oreal, Eurofins Scientific and Air Liquide are modestly higher.

On the economic front, the annual inflation rate in France slowed to 0.8% in February, the lowest since February 2021, compared to 1.7% in January, data from INSEE showed.

The French economy contracted 0.1% in the fourth quarter, confirming preliminary estimates, and reversing a 0.4% expansion in the third quarter.

On an annual basis, the economy expanded 0.6%, slightly below the flash estimate of 0.7%, marking the slowest growth since the Q4 2020 contraction. For the full year, GDP grew 1.1%, matching 2023's pace.

Meanwhile, household spending in France dropped 0.5% month-on-month in January, after rising 0.7% in December. On a yearly basis, household spending increased by 0.4% in January.

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | il y a 12 minutes

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | il y a 15 minutes

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | il y a 30 minutes

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

RTTNews | il y a 33 minutes

China Stock Market Due For Consolidation

The China stock market has moved higher in four straight sessions, advancing almost 160 points or 4.4 percent along the way. The Shanghai Composite Index now sits just above the 3,880-point plateau although it may see profit taking on Tuesday.

RTTNews | il y a 45 minutes

Taiwan Bourse May Hand Back Monday's Gains

The Taiwan stock market bounced higher again on Monday, one session after ending the two-day winning streak in which it had gained more than 600 points or 2.6 percent. The Taiwan Stock Exchange now rests just above the 24,275-point plateau although it's expected to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water. For the day, the index surged 512.91 points or 2.16 points to finish at 24,277.38 after trading between 24,108.75 and 24,362.02. Among the actives, Mega Financial and United Microelectronics Corporation both eased 0.12 percent, while Fubon Financial jumped 1.93 percent, E Sun Financial and Formosa Plastics both sank 0.74 percent, Taiwan Semiconductor Manufacturing Company accelerated 3.08 percent, Hon Hai Precision rallied 2.47 percent, Largan Precision added 0.42 percent, MediaTek soared 3.30 percent, Novatek Microelectronics climbed 1.18 percent, Nan Ya Plastics surged 3.53 percent, Asia Cement gained 0.40 percent and Cathay Financial, CTBC Financial and Catcher Technology were unchanged.

RTTNews | il y a 1h 15min

Singapore Stock Market Tipped To Open In The Red

The Singapore stock market has climbed higher in five straight sessions, improving almost 70 points or 1.6 percent along the way. The Straits Times Index now sits just above the 4,255-point plateau although investors may lock in gains on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | il y a 1h 45min

Rally May Stall For Malaysia Stock Market

The Malaysia stock market has moved higher in three straight sessions, collecting almost 15 points or 0.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it's likely to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | il y a 2h 15min

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