CAC 40 Up Over 2% As Stocks Climb Higher On Slightly Easing Tariff Concerns

RTTNews | 58日前
CAC 40 Up Over 2% As Stocks Climb Higher On Slightly Easing Tariff Concerns

(RTTNews) - French stocks are holding firm on Monday after a bright start, with investors indulging in some hectic buying across the board, reacting to U.S. President Donald Trump's announcement on Friday that smartphones, computers, and other devices and components such as semiconductors, will be exempted from reciprocal tariffs for now.

However, there is still some uncertainty about Trump's moves, as commerce secretary Howard Lutnick later clarified that these exemptions are not permanent. Trump later said on Truth Social that they are still subject to the existing 20% Fentanyl tariffs, but just moving to another bracket.

The focus is also on trade talks between the U.S. and the European Union. EU Trade Commissioner Maros Sefcovic is reportedly set to meet with U.S. officials.

The benchmark CAC 40, which climbed to 7,275.26 earlier, was up 147.31 points or 2.07% at 7,252.11 a few minutes ago.

Edenred is gaining nearly 4.5%. Eurofins Scientific, Stellantis, BNP Paribas, TotalEnergies and Capgemini are up 3.2 to 4%.

Societe Generale, AXA, Pernod Ricard, Airbus, Dassault Systemes, Renault, Unibail Rodamco, Saint Gobain, ArcelorMittal, Thales, Essilor, Accor, Carrefour, Publicis Groupe, STMicroElectronics, Sanofi and Credit Agricole are advancing 2 to 3%.

Schneider Electric, Bouygues, Teleperfrmance, Safran, Vinci, Bureau Veritas, Orange, Legrand, Hermes International, Michelin, Air Liquide and L'Oreal are up 1 to 1.8%.

The announcement by the US Customs and Border Protection over the weekened that new exemptions from tariffs on various tech products, including smartphones, laptops, and other electronics means that selected electronic items will be excluded from the current 145% tariffs on China, as well as the 10% baseline tariffs.

The U.S. President has said that he would announce the tariff rate on imported semiconductors within the next week.

read more
CAC 40 Drifts Lower In Cautious Trade

CAC 40 Drifts Lower In Cautious Trade

The French market is down in negative territory Wednesday afternoon, with stocks moving in a narrow range as investors await further details on U.S.-China trade talks, and the crucial inflation data from the U.S. later in the day.
RTTNews | 17分前
Euro Rises Amid Risk-on Mood

Euro Rises Amid Risk-on Mood

The euro strengthened against other major currencies in the European session on Wednesday amid increased risk-on mood, as investors monitored the latest updates from Sino-U.S. talks and awaited crucial U.S. inflation data for direction. After two days of discussions in London, U.S. and Chinese officials have agreed on a limited framework to put their trade truce back on track.
RTTNews | 1時24分前
Euro Rises Against Majors

Euro Rises Against Majors

The euro strengthened against other major currencies in the European session on Wednesday.
RTTNews | 1時33分前
Sensex, Nifty End Modestly Higher; IT Stocks Lead Gains

Sensex, Nifty End Modestly Higher; IT Stocks Lead Gains

Indian shares eked out modest gains on Wednesday as markets assessed the outcome of high-level U.S.-China talks and awaited key U.S. inflation readings for additional clues on the Federal Reserve's rate trajectory.
RTTNews | 1時34分前
Tesla Shares Gain As Musk Sets Robotaxi Service Launch Tentatively On June 22

Tesla Shares Gain As Musk Sets Robotaxi Service Launch Tentatively On June 22

Tesla Inc. shares were gaining around 2.4 percent in the pre-market activity on the Nasdaq following a 6 percent jump on Tuesday's regular trading, after the founder and CEO Elon Musk confirmed that the much awaited robotaxi service is tentatively set to launch in Austin, Texas, on June 22. In a post on his social media platform X, Musk said, "Tentatively, June 22. We are being super paranoid...
RTTNews | 1時37分前
DAX Up Marginally In Cautious Trade As Traders Await U.S. Inflation Data

DAX Up Marginally In Cautious Trade As Traders Await U.S. Inflation Data

German stocks advanced Wednesday morning, reacting positively to the news about top U.S. and Chinese officials reaching a framework to implement the Geneva consensus. If approved, the Sino-U.S. deal will remove some restrictions on China's rare earth exports and unwind a few recent U.S. export bans.
RTTNews | 1時45分前
Asian Shares Climb On Trade Talk Optimism

Asian Shares Climb On Trade Talk Optimism

Asian stocks advanced on Wednesday after top U.S. and Chinese officials said they have reached a framework to implement the Geneva consensus, following two days of discussions in London.
RTTNews | 3時25分前