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

RTTNews | 62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
Sensex, Nifty Fluctuate As Investors Watch Israel-Iran News

Sensex, Nifty Fluctuate As Investors Watch Israel-Iran News

Indian shares fluctuated in early trade on Monday as the Israel-Iran conflict continued to escalate, with Israeli military claiming its attack on Iran eliminated high-value targets, and Iranian authorities confirming damage to four critical buildings at the Isfahan uranium conversion facility.
RTTNews | 1時1分前
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Monday, recouping some of the losses in the previous two sessions, despite the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving above the 8,550.00 level, with gains in iron ore miners and energy stocks partially offset by weakness in financial stocks.
RTTNews | 2時8分前
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Monday, despite the broadly negative cues from Wall Street on Friday, boosted by strong gains in energy and mining stocks amid spiking commodity prices following the escalation in geopolitical tensions in the Middle East. However, concerns of the tensions triggering a full-blown conflict in the Middle East continue to weigh on the markets.
RTTNews | 2時27分前
Sensex, Nifty Set To Follow Asian Peers Higher

Sensex, Nifty Set To Follow Asian Peers Higher

Indian shares look set to open on a positive note Monday, mirroring firm cues from Asia and small gains in U.S. equity futures as investors watch the ongoing hostilities between Israel and Iran, which have now entered the fourth day.
RTTNews | 2時59分前
Japanese Market Significantly Higher

Japanese Market Significantly Higher

The Japanese stock market is trading significantly higher on Monday, recouping some of the losses in the previous two sessions, despite the broadly negative cues from Wall Street on Friday, with the Nikkei 225 moving well above the 38,100 level, with gains across most sectors led by index heavyweights and technology stocks.
RTTNews | 3時56分前
Australian Market Modestly Higher

Australian Market Modestly Higher

The Australian stock market is modestly higher on Monday, extending the losses in the previous two sessions, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving above the 8,550.00 level, with gains across most sectors led by energy stocks as crude oil prices continue to soar amid the escalating geopolitical risks in the Middle East.
RTTNews | 4時15分前
Canadian Dollar Higher Amid Rising Oil Prices

Canadian Dollar Higher Amid Rising Oil Prices

The Canadian dollar advanced against its most major counterparts in the New York session on Friday amid a spike in oil prices after Israel launched fresh wave of attacks on Iran.
RTTNews | 2日前
Swiss Stock Market Heads South On Friday

Swiss Stock Market Heads South On Friday

The Swiss stock market turned lower again on Friday, one day after snapping the two-day slide in which it had given up more than 50 points or 0.4 percent.
RTTNews | 2日前