CAC 40 Rises More Than 1% As Stocks Recover From Recent Weakness

RTTNews | 252 days ago
CAC 40 Rises More Than 1% As Stocks Recover From Recent Weakness

(RTTNews) - French stocks are up firmly in positive territory a little past noon on Tuesday as buying continues at several counters from across various sectors.

The market eyes France's new prime minister, François Bayrou's speech at parliament.

The benchmark CAC 40 was up 80.68 points or 1.09% at 4,489.32.

Michelin, Societe Generale, Safran, Renault, Credit Agricole, BNP Paribas, Teleperformance, LVMH and Veolia are gaining 2 to 3.4%.

Stellantis, Orange, Pernod Ricard, Carrefour, Essilor, Vinci, Accor, Bouygues, Hermes International and Airbus Group are up 1 to 1.5%.

Unibail Rodamco is declining by nearly 3%. STMicroElectronics, Edenred and Kering are modestly lower.

According to the data released by the government, France's government budget deficit narrowed to EUR 172.49 billion in the January-November period of 2024, down from EUR 197.97 billion in the corresponding period of the previous year.

read more
European Stocks Close Broadly Higher

European Stocks Close Broadly Higher

European markets closed mostly higher on Tuesday with investors digesting the latest batch of regional economic data, and picking up stocks amid expectations of more monetary easing by the Federal Reserve.
RTTNews | 12 minutes ago
Powell Warns There's 'No Risk-Free Path' For Interest Rates

Powell Warns There's 'No Risk-Free Path' For Interest Rates

Following last week's decision to cut interest rates for the first time this year, Federal Reserve Chair Jerome Powell delivered remarks before the 2025 Greater Providence Chamber of Commerce Economic Outlook Luncheon in Warwick, Rhode Island, on Tuesday.
RTTNews | 45 minutes ago
Hungary Holds Rates Steady As Inflation Expected To Remain High

Hungary Holds Rates Steady As Inflation Expected To Remain High

The Hungarian central bank left its interest rates unchanged again, on Tuesday, as policymakers assessed that tight monetary conditions were needed amid forecast that inflation is set to remain beyond the tolerance level in the coming months.
RTTNews | 1h 18min ago
Bay Street Likely To Post New Highs

Bay Street Likely To Post New Highs

Canadian shares are likely to open on a firm note Tuesday morning with higher oil and bullion prices set to trigger buying in energy and materials sectors.
RTTNews | 4h 45min ago
Wall Street Likely To Open Flat

Wall Street Likely To Open Flat

Futures point to a somewhat flat start on Wall Street Tuesday morning. Data on manufacturing and services sector activity in the U.S. in the month of August, due after the opening bell, is likely to provide some direction to the market.
RTTNews | 5h 25min ago
Sweden Cuts Policy Rate By 25 Bps

Sweden Cuts Policy Rate By 25 Bps

Sweden's central bank cut its benchmark interest rate by 25 basis points in order to support economic recovery and signalled an end to the easing cycle. The executive board of the Riksbank decided to lower the policy rate by 25 basis points to 1.75 percent. The bank has reduced the rate by 200 basis points since it started policy easing in May 2024.
RTTNews | 5h 31min ago
FTSE 100 Flat; Kingfisher Soars On Higher Guidance

FTSE 100 Flat; Kingfisher Soars On Higher Guidance

U.K. stocks are turning in a mixed performance on Tuesday with investors digesting the flash data showing weak manufacturing and services sector activity in the month of September.
RTTNews | 6h 24min ago
Eurozone Private Sector Logs Strongest Growth In 16 Months

Eurozone Private Sector Logs Strongest Growth In 16 Months

The euro area private sector expanded the most in 16 months in September driven by the acceleration in services activity growth, flash survey results published by S&P Global revealed on Tuesday. At 51.2, the HCOB composite output index climbed slightly from August's 51.0 and was above forecast of 51.1. The index posted above the 50.0 no-change mark for the ninth straight month in September.
RTTNews | 6h 34min ago