CAC 40 Advances; Technology, Bank Stocks Move Higher

RTTNews | 59 days ago
CAC 40 Advances; Technology, Bank Stocks Move Higher

(RTTNews) - French stocks are up firmly in positive territory on Tuesday on positive cues from other markets in the region, ahead of a vote on a crucial spending plan in Germany, and U.S. President Donald Trump's Ukraine peace talks with Russian President Vladimir Putin.

The German parliament vote seeks to exempt defense spending from debt limits and create a 500-billion-euro infrastructure plan fund.

Traders also eye messages from Nvidia CEO Jensen Huang to be delivered later today during GTC 2025, or the GPU Technology Conference 2025, under way in California.

The focus will be on artificial intelligence, robotics and other advanced technologies.

The benchmark CAC 40, which climbed to 8,140.09 earlier in the session, was up 41.02 points or 0.51% at 8,115.00 a few minutes ago.

STMicroElectronics is rising nearly 4.5%. BNP Paribas is up 2.75% and Renault is gaining 2.65%. Stellantis, Edenred and ArcelorMittal are up 2 to 2.2%.

Capgemini, Veolia Environment, Michelin, Legrand, TotalEnergies, Schneider Electric, Saint Gobain, Eurofins Scientific, Credit Agricole, Accor, Publicis Groupe, Carrefour, AXA, Thales, Vinci and Bouygues are up 1 to 1.8%.

Danone is down by about 1.2%. Hermes International, Safran, Unibail Rodamco and Dassault Systemes are modestly lower.

read more
U.S. Dollar Higher On Trade Hopes

U.S. Dollar Higher On Trade Hopes

The U.S. dollar appreciated against its major counterparts in the New York session on Friday, as investors focused on developments on the trade front.
RTTNews | 5h 51min ago
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 | 7h 41min ago
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 | 8h 4min ago
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 | 8h 52min ago
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 | 10h 58min ago
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 | 11h 1min ago
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 | 11h 51min ago