Advertisement
CAC 40 Rallies As LVMH Delivers Solid Results
(RTTNews) - French stocks traded sharply higher on Wednesday, after having fallen heavily on Tuesday on concerns about rising tensions between Iran and Israel, and U.S. rate cut uncertainty.
The benchmark CAC 40 was up 96 points, or 1.2 percent, at 8,028 after falling around 1.4 percent in the previous session.
The euro held steady above 1.0600 against the dollar after posting small losses on Tuesday.
Sanofi was little changed despite reporting positive data from Phase 2 study of frexalimab in participants with relapsing multiple sclerosis (MS) at 48-weeks.
LVMH jumped more than 4 percent. The world's largest luxury group slightly missed Q1 revenue estimates but sounded optimistic about the industry's outlook, especially in China.
read more
Canadian Dollar Eases Against Most Majors
The Canadian dollar retreated against its most major counterparts in the New York session on Friday.
RTTNews
|
14घंटे 4 मिनट पहले
Swiss Market Ends On Weak Note; Pharma Stocks Among Major Losers
The Switzerland market ended notably lower on Friday after languishing in negative territory right through the day's session.
RTTNews
|
17घंटे 52 मिनट पहले
European Markets Close Mostly Flat
The major European markets closed roughly flat on Friday as the mood turned cautious with investors awaiting Fitch's review of France's sovereign rating. Shares from automobile, banking and healthcare sectors were among the laggards, while mining stocks found fairly good support.
RTTNews
|
18घंटे 35 मिनट पहले
Canadian Market Drifts Lower On Profit Taking
Despite rising odds of interest rate cuts by the Bank of Canada and the Federal Reserve next week, the Canadian market is down in negative territory on Friday, taking a breather after consistently hitting record highs over the past several sessions.
RTTNews
|
19घंटे 28 मिनट पहले
U.S. Consumer Sentiment Deteriorates Much More Than Expected In September
Preliminary data released by the University of Michigan on Friday showed consumer sentiment in the U.S. has deteriorated by much more than anticipated in the month of September. The University of Michigan said its consumer sentiment index fell to 55.4 in September from 58.2 in August. Economists had expected the index to edge down to 58.0.
RTTNews
|
21घंटे 9 मिनट पहले
UK Economy Flatlines In July
The UK economy stagnated in July, posing further challenges to Chancellor Rachel Reeves as any tax hikes or spending cuts would again dampens activity. Real gross domestic product showed no growth in July, as expected, after rising 0.4 percent in June, the Office for National Statistics reported Friday.
RTTNews
|
22घंटे 42 मिनट पहले
Bay Street Likely To Open On Mixed Note
Canadian shares may open on a mixed note Friday morning as investors are likely to take some profits after recent gains. Firm gold and oil prices may push up resources stocks.
RTTNews
|
23घंटे 21 मिनट पहले
Russia Central Bank Cuts Rate By 100 Bps
Russia's central bank slashed its benchmark interest rate for the third time this year as higher lending rates weigh on business activity and damp economic recovery. The Board of Directors of Bank of Russia, governed by Elvira Nabiullina, decided to cut the key interest rate by 100 basis points to 17.00 percent from 18.00 percent.
RTTNews
|
23घंटे 34 मिनट पहले
