CAC 40 Slips On Recession Worries

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CAC 40 Slips On Recession Worries

(RTTNews) - French stocks fell sharply on Friday as concerns over inflation and recession overshadowed a slew of positive earnings updates.

The benchmark CAC 40 fell 94 points, or 1.5 percent, to 5,992 after climbing 0.8 percent the previous day.

Cosmetics group L'Oreal slumped 4.3 percent despite posting robust sales growth over the third quarter.

Automaker Renault fell 2.3 percent after reporting a dip in Q3 auto sales, hit by supply constraints.

Rexel Group shares were down 3 percent. The energy products and services firm said that one of its entities has been placed under a formal probe related to derogation case requiring it to set aside a bank guarantee of 20 million euros and a cash guarantee of 48 million euros to be paid by January 15, 2023.

Luxury eyewear maker EssilorLuxottica tumbled 3 percent despite the company reporting a rise in third-quarter revenues.

Media company Vivendi lost about 4 percent after saying it will go ahead with the spin off its publishing business Editis.

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Australian Market Swings To Modest Gains In Mid-market

Australian Market Swings To Modest Gains In Mid-market

The Australian stock market is swinging to modest gains in mid-market moves on Friday after opening in the red, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 9,000 mark, with gains in energy and technology stocks partially offset by weakness in mining and financial stocks.
RTTNews | 1घंटे 6 मिनट पहले
Asian Markets Mixed Amid Caution Trades

Asian Markets Mixed Amid Caution Trades

Asian stock markets are mixed on Friday, following the broadly positive cues from Wall Street overnight, ahead of the release of key U.S. inflation data later in the day that could impact the outlook for interest rates. Traders also digested highly anticipated earnings news from Nvidia, with the AI darling and market leader reporting second-quarter results that largely exceeded expectations.
RTTNews | 1घंटे 35 मिनट पहले
Thai Stock Market Tipped To Open In The Green

Thai Stock Market Tipped To Open In The Green

The Thai stock market on Thursday ended the two-day slide in which it had slipped almost 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau and it may open to the upside again on Friday.
RTTNews | 2घंटे 41 मिनट पहले
Japanese Market Notably Lower

Japanese Market Notably Lower

Giving up some of the gains in the previous two sessions, the Japanese market is notably lower on Friday, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling well below the 42,700 level, with weakness across most sectors led by exporters and technology stocks.
RTTNews | 2घंटे 58 मिनट पहले
Additional Support Predicted For Indonesia Shares

Additional Support Predicted For Indonesia Shares

The Indonesia stock market has moved higher in two consecutive trading days, gathering almost 50 points or 0.6 percent in that span. The Jakarta Composite Index now sits just above the 7,950-point plateau and it may add to its winnings on Friday.
RTTNews | 3घंटे 11 मिनट पहले
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian stock market is trading slightly lower on Friday, giving up some of the gains in the previous two sessions, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 9,000 mark, with weakness in mining and financial stocks partially offset by gains in energy and technology stocks.
RTTNews | 3घंटे 20 मिनट पहले
Hong Kong Shares May Stop The Bleeding On Friday

Hong Kong Shares May Stop The Bleeding On Friday

The Hong Kong stock market has finished lower in three straight sessions, tumbling almost 830 points or 3.3 percent along the way. The Hang Seng Index now rests just beneath the 25,000-point plateau although it may find traction on Friday.
RTTNews | 3घंटे 26 मिनट पहले