CAC 40 Down Nearly 0.5% As Investors Focus On Earnings

RTTNews | 4 days ago

(RTTNews) - The French stock market is down in negative territory a little past noon on Thursday with investors largely reacting to corporate earnings announcements, and the latest batch of regional economic data.

The benchmark CAC 40 was down 35.70 points or 0.44% at 8,038.53 a few minutes ago.

Legrand is tanking nearly 10% after the company's results for the first nine months of the year fell short of expectations. The company reported sales of 6.97 billion euros in the nine-month period ended September, less than an expected 7.03 billion euros.

Teleperformance is down more than 6% after reporting a drop in third quarter revenue and lowering its annual targets.

Pernod Ricard is down 2%, while L'Oreal, Schneider Electric, Kering, Airbus, Dassault Systemes and Essilor Luxottica are down 1 to 1.6%.

TotalEnergies, Safran, Saint Gobain, AXA, Hermes International and Euronext are down with modest losses.

ArcelorMittal is rising more than 4% after it reported a 31.35% jump in net income in the September quarter.

Publicis Groupe is gaining 1.9% and Veolia Environment is up 1.85%. STMicroElectronics is up 1.7%, while Engie and Stellantis are up 1.25% from previous closing levels.

Orange, Carrefour, Michelin, LVMH, Bouygues, Unibail Rodamco and Societe Generale are up with modest gains.

On the economic front, data from S&P Global showed that the HCOB Construction PMI in France fell to 39.8 in October from 42.9 in September, signaling a faster pace of decline in activity and extending the sector's downturn to 41 months.

Data published by Eurostat showed Eurozone retail sales declined for the second straight month in September, dropping by 0.1% on a monthly basis, the same in August. Meanwhile, economists had expected a rebound of 0.2%.

Year-on-year, retail sales growth moderated to 1% from 1.6% in August, in line with expectations.

Sensex, Nifty Modestly Lower In Cautious Trade

Indian shares were a tad lower on Tuesday despite firm cues from global markets and comments from U.S. President Donald Trump that the U.S. was "pretty close" to a trade deal with New Delhi that's good for everybody.

RTTNews | 1h 9min ago

Australian Market Slips To Losses In Mid-market

The Australian stock market is slipping in to the red in mid-market trading on Tuesday after early gains, reversing some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well below the 8,850 level, with weakness in financial and technology stocks partially offset by gains in mining and energy stocks.

RTTNews | 2h 12min ago

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from Wall Street overnight, as traders react to further progress made towards ending the US government shutdown, with the US Senate commencing a series of votes on a package to reopen the government and end the longest shutdown on record. Asian markets closed mostly higher on Monday.

RTTNews | 2h 31min ago

Sensex, Nifty Seen Opening Higher On Trade Deal Hopes

Indian shares look set to open on a positive note Tuesday after U.S. President Donald Trump indicated he would reduce the tariff rate on Indian goods "at some point," and that the U.S. was "pretty close" to a trade deal with New Delhi that's good for everybody.

RTTNews | 3h 3min ago

Thai Shares Expected To Open To The Upside On Tuesday

The Thai stock market has moved higher in two of three trading days since the end of the five-day losing streak in which it had dropped more than 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,305-point plateau and it's called higher again on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead.

RTTNews | 3h 35min ago

Rebound Tipped For Indonesia Stock Market

The Indonesia stock market on Monday snapped the three-day winning streak in which it had gained almost 160 points or 1.2 percent. The Jakarta Composite Index now sits just above the 8,390-point plateau although it's expected to see renewed support on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead. The JCI finished slightly lower on Monday as losses from the financials and telecoms were mitigated by support from the resource stocks and a mixed picture from the cement companies. For the day, the index eased 3.35 points or 0.04 percent to finish at the daily low of 8,391.24 after peaking at 8,478.15. Among the actives, Bank CIMB Niaga shed 0.57 percent, while Bank Mandiri fell 0.42 percent, Bank Danamon Indonesia collected 0.40 percent, Bank Negara Indonesia tumbled 1.78 percent, Bank Central Asia skidded 1.15 percent, Bank Rakyat Indonesia slumped 1.26 percent, Indosat Ooredoo Hutchison plunged 3.72 percent, Indocement improved 0.78 percent, Semen Indonesia plummeted 4.17 percent, Indofood Sukses Makmur slipped 0.35 percent, United Tractors rallied 1.36 percent, Energi Mega Persada surged 4.60 percent, Astra Agro Lestari dropped 0.96 percent, Aneka Tambang rose 0.34 percent, Vale Indonesia eased 0.22 percent, Timah soared 6.85 percent, Bumi Resources spiked 6.38 percent and Astra International was unchanged. The lead from Wall Street is solid as the major averages opened higher on Monday and largely spent most of the sessions firmly in positive territory.

RTTNews | 4h 5min ago

Japanese Market Significantly Higher

The Japanese stock market is trading significantly higher on Tuesday, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 51,350 level, with gains in index heavyweights, financial and technology and stocks.

RTTNews | 4h 18min ago

Higher Open Predicted For Hong Kong Stock Market

The Hong Kong stock market has moved higher in two of three trading days since the end of the two-day slide in which it had dropped more than 220 points or 0.8 percent. The Hang Seng Index now rests just beneath the 26,650-point plateau and it's expected to open to the upside again on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead.

RTTNews | 4h 20min ago

EURUSD	1.15558	GBPUSD	1.31666	AUDUSD	0.65274
USDJPY	154.35	USDCAD	1.40359	USDCHF	0.80495