CAC 40 Rises To 1-week High, Up Nearly 0.5%

RTTNews | 10日前
CAC 40 Rises To 1-week High, Up Nearly 0.5%

(RTTNews) - The French stock market gained notable ground in positive territory Wednesday morning thanks to some strong buying at select counters, and remained firmly placed well above the flat line around noon.

Rising hopes of an interest rate cut by the Federal Reserve in December, and meaningful progress in Ukraine peace talks contribute to the positive mood in the market.

The benchmark CAC 40 was up 47.65 points or 0.49% at 8073.45 about a quarter past noon.

L'Oreal climbed nearly 2.5%. Societe Generale and EssilorLuxottica gained 1.4% and 1.3%, respectively. Kering advanced nearly 1%.

Airbus, ArcelorMittal, LVMH, AXA, Hermes International, Legrand and Dassault Systemes moved up 0.5 to 0.8%.

Safran gained 0.3% after announcing a joint venture with Bharat Electronics in India to expand its civil and military aerospace operations.

Meanwhile, Pernod Ricard and Stellantis drifted down 1.7% and 1.6%, respectively. Engie lost about 0.8%, while Capgemini eased by about 0.5%.

read more
Swiss Market Settles Modestly Higher

Swiss Market Settles Modestly Higher

The Switzerland market shrugged off a sluggish start and stayed fairly steady right till the end of the session on Friday to finish modestly higher.
RTTNews | 18時8分前
Major European Markets Close On Mixed Note

Major European Markets Close On Mixed Note

Despite a fairly good spell in positive territory till noon, European stocks failed to sustain at higher levels and ended on a mixed note on Friday. Investors digested the economic data from the region as well from the U.S., and looked ahead to next week's monetary policy announcement from the Federal Reserve.
RTTNews | 18時41分前
TSX Drifts Lower As Strong Jobs Data Tempers BoC Rate Cut Hopes

TSX Drifts Lower As Strong Jobs Data Tempers BoC Rate Cut Hopes

After opening slightly up and moving higher subsequently, the Canadian market slipped into negative territory Friday morning, and with stocks continuing to struggle for support, remained weak a little past noon. Data showing a drop in Canadian unemployment rate in November tempered hopes for a rate cut from the nation's central bank this month.
RTTNews | 19時35分前
U.S. Consumer Sentiment Rebounds Much More Than Expected In December

U.S. Consumer Sentiment Rebounds Much More Than Expected In December

Preliminary data released by the University of Michigan on Friday showed consumer sentiment in the U.S. has improved much more than anticipated in the month of December. The University of Michigan said its consumer sentiment index climbed to 53.3 in December from 51.0 in November. Economists had expected the consumer sentiment index to rise to 52.0.
RTTNews | 20時11分前
U.S. Consumer Prices Increase In Line With Estimates In September

U.S. Consumer Prices Increase In Line With Estimates In September

A long-delayed report released by the Commerce Department on Friday showed consumer prices in the U.S. increased in line with economist estimates in the month of September. The Commerce Department said its personal consumption expenditures (PCE) price index climbed by 0.3 percent in September, matching the growth seen in August along with economist estimates.
RTTNews | 20時23分前
EU Fines X 120 Mln Euros For Breaching Transparency Obligations Under DSA

EU Fines X 120 Mln Euros For Breaching Transparency Obligations Under DSA

The European Commission on Friday has issued a fine of 120 million euros to Elon Musk's social media platform X for breaching its transparency obligations under the Digital Services Act. The breaches include the deceptive design of its 'blue checkmark', the lack of transparency of its advertising repository, and the failure to provide access to public data for researchers.
RTTNews | 21時42分前
Warner Bros. To Be Bought By Netflix In $72 Bln Equity Deal

Warner Bros. To Be Bought By Netflix In $72 Bln Equity Deal

In a merger of majors, streaming video firm Netflix, Inc. is acquiring media and entertainment giant Warner Bros. Discovery, Inc. for a total enterprise value of approximately $82.7 billion, or an equity value of $72.0 billion. The move follows the planned separation of Warner Bros. Discovery's Global Networks division into a new publicly-traded company. In the pre-market activity, Netflix shares
RTTNews | 23時8分前