CAC 40 Slips As Investors Look To ECB

RTTNews | il y a 581
CAC 40 Slips As Investors Look To ECB

(RTTNews) - French stocks traded slightly lower on Wednesday as traders waited to see if the European Central Bank would raise rates on Thursday against the backdrop of weakening economic activity and cooling inflation.

Investors also kept a close eye on the Middle East war as the Israel Défense Forces (IDF) gear up for a significant ground offensive in the Gaza Strip.

The benchmark CAC 40 was down 15 points, or 0.2 percent, at 6,878 after gaining 0.6 percent the previous day.

China-exposed luxury group Kering lost 3 percent after revenue declined in Q3. Dassault Systemes jumped 6.3 percent after the software maker raised its 2023 profit outlook.

Industrial-gas supplier Air Liquide rose about half a percent after the company said its project backlog and investment plans are at record levels.

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Kingfisher Q1 Sales Rise, Says Confident Of FY25 View; But Stock Down

Kingfisher Q1 Sales Rise, Says Confident Of FY25 View; But Stock Down

Home improvement retailer Kingfisher Plc reported Wednesday higher sales in its first quarter, benefited by improved results in UK & Ireland. Meanwhile, sales in France and Poland declined, and the company maintained its fiscal 2025 outlook. On the London Stock Exchange, Kingfisher shares were losing around 3.5 percent.
RTTNews | il y a 2h 19min
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a mixed note Wednesday morning with investors tracking global cues and reacting to earnings from major Canadian banks. Investors are also awaiting earnings update from U.S.
RTTNews | il y a 2h 32min
FTSE 100 Down Marginally

FTSE 100 Down Marginally

UK stocks are marginally down in lackluster trade on Wednesday as investors look for directional clues after recent gains following U.S. President Donald Trump deciding to pause the recently announced 50% tariffs on imports from EU, paving the way for further trade negotiations.
RTTNews | il y a 3h 21min
German Unemployment Rises More Than Expected

German Unemployment Rises More Than Expected

Joblessness in Germany increased more than expected in May as a weak economy continued to impede job creation, official data revealed on Wednesday. The number of unemployed increased sharply by 34,000 in May compared to April's rise of 6,000, the Federal Employment Agency said. Economists expected a monthly increase of 12,000.
RTTNews | il y a 3h 25min
CAC 40 Down Marginally In Lackluster Trade

CAC 40 Down Marginally In Lackluster Trade

French stocks are moving in a tight range in cautious trade on Wednesday as investors digest a slew of domestic economic reports, and continue to assess the impact of Trump administration's trade policy on global economic growth.
RTTNews | il y a 4h 34min
DAX Modestly Lower In Cautious Trade

DAX Modestly Lower In Cautious Trade

German stocks are modestly lower on Wednesday with investors mostly making cautious moves, looking for directional clues after recent gains on the back of U.S. President Donald Trump's decision to pause tariffs on EU goods till July 9th.
RTTNews | il y a 5h 2min
France GDP Growth Confirmed At 0.1%

France GDP Growth Confirmed At 0.1%

The French economy recovered in the first quarter, as initially estimated, the statistical office INSEE reported Wednesday. Gross domestic product grew 0.1 percent from the fourth quarter, when the economy shrank 0.1 percent.
RTTNews | il y a 5h 44min