CAC 40 Moderately Lower As Market Awaits ECB Policy Announcement

RTTNews | 110日前
CAC 40 Moderately Lower As Market Awaits ECB Policy Announcement

(RTTNews) - French stocks are exhibiting weakness on Thursday as investors largely refrain from making significant moves ahead of the European Central Bank's monetary policy announcement.

Uncertainty surrounding U.S. trade policy and a long weekend ahead also contribute to the cautious mood in the market.

The benchmark CAC 40, moving in a narrow range, was down 38.47 points or 0.52% at 7,291.50 a few minutes ago.

Saint Gobain is declining 2.7%. Airbus, Bureau Veritas, Teleperformance, Vinci, Eurofins Scientific, Accor, Safran, Thales and Carrefour are down 1 to 1.7%.

Legrand, BNP Paribas, ArcelorMittal, Dassault Systemes, Sanofi and Bouygues are also notably lower.

L'Oreal is gaining about 0.7%. Edenred, LVMH, Schneider Electric and Unibail Rodamco are modestly higher.

Hermes International is down 0.8%. The luxury fashion house reported a rise in revenue for the first quarter, helped by growth in all the geographical areas. For the three-month period, the company posted revenue of 4.129 billion euros, higher than 3.805 billion euros registered for the same period last year.

Pernod Ricard is down marginally. The company reported a decline in sales for the third quarter and a nine-month period. For the third quarter, the Group sales declined by 3% to 2.278 billion euros. For the nine-month period, sales stood at 8.454 billion euros, down 5% from last year. This includes an unfavorable foreign exchange impact of negative 145 million euros.

read more
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

The Switzerland market closed modestly higher on Tuesday after staying positive right through the day's trading session, with investors mostly reacting to the latest quarterly performance of big name companies.
RTTNews | 2時27分前
European Stocks Close Broadly Higher

European Stocks Close Broadly Higher

European markets closed mostly higher on Tuesday, although gains in most of the markets were just marginal or modest, as investors stayed somewhat cautious, reacting to a mixed batch of economic data, and assessing the impact of steep U.S. tariffs on the global economy.
RTTNews | 2時47分前
U.S. Service Sector Growth Unexpectedly Slows In July

U.S. Service Sector Growth Unexpectedly Slows In July

A report released by the Institute for Supply Management on Tuesday unexpectedly showed a modest slowdown in the pace of growth by U.S. service sector activity in the month of July. The ISM said its services PMI edged down to 50.1 in July from 50.8 in June. While a reading above 50 still indicates growth, economists had expected the index to rise to 51.5.
RTTNews | 5時24分前
U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday. The Commerce Department said the trade deficit shrank to $60.2 billion in June from a revised $71.7 billion in May.
RTTNews | 6時11分前
Eurozone Private Sector Continues To Expand

Eurozone Private Sector Continues To Expand

Euro area private sector remained in the expansionary territory in July but the rate of growth remained sluggish as stagnant demand pulled back production, final survey results of the purchasing managers' survey by S&P Global showed on Tuesday. The HCOB composite output index rose to 50.9 in July from 50.6 in June. The flash reading was 51.0. A score above 50.0 indicates expansion.
RTTNews | 7時18分前
Bay Street May Open Slightly Higher

Bay Street May Open Slightly Higher

Canadian stocks may open on a positive note Tuesday morning amid expectations of a rate cut by the Federal Reserve next month. The focus will be on trade talks between Canad and Mexico.
RTTNews | 7時29分前