CAC 40 Up Sharply On Trump's Tariff Pause Announcement

RTTNews | 115日前
CAC 40 Up Sharply On Trump's Tariff Pause Announcement

(RTTNews) - French stocks are high up in positive territory on Thursday with U.S. President Donald Trump's announcement of a 90-day suspension of reciprocal tariffs for most trading partners, excluding China, buoying up sentiment and prompting investors to indulge in hectic buying across the board.

European Commission President Ursula von der Leyen welcomed Trump's move and said the halt on reciprocal tariffs is "an important step towards stabilizing the global economy. Clear, predictable conditions are essential for trade and supply chains to function."

The benchmark CAC 40, which soared about 521 points to 7,384.47 earlier in the session, was up 347.06 points or 5.06% at 7,210.08 a few minutes ago.

Publicis Groupe is soaring nearly 10%. STMicroElectronics is surging 9.5%, while Saint Gobain, Stellantis, BNP Paribas and Societe Generale are up 8 to 9%.

Unibail Rodamco, Safran, ArcelorMittal, Accor, Essilor, Kering, Airbus, AXA, Dassault Systemes, LVMH, Teleperformance, Capgemini, Schneider Electric and Credit Agricole are gaining 5 to 7%.

Veolia Environment, Edenred, Air Liquide, TotalEnergies, Hermes International, Renault, L'Oreal, Vinci, Pernod Ricard, Sanofi, Legrand, Bureau Veritas, Carrefour, Michelin and Bouygues are also up sharply.

read more
European Economic News Preview: Eurozone Sentix Investor Confidence Due

European Economic News Preview: Eurozone Sentix Investor Confidence Due

Investor confidence from the euro area and unemployment from Spain are the top economic news due on Monday. At 2.30 am ET, the Federal Statistical Office publishes Swiss inflation data for July. Economists forecast consumer prices to rise 0.1 percent year-on-year, the same rate of increase as seen in June.
RTTNews | 34分前
European Shares Seen Tad Higher At Open

European Shares Seen Tad Higher At Open

European stocks may open on a positive note Monday as investors keep an eye on the latest batch of earnings and watch further developments on the tariff front.
RTTNews | 52分前
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in choppy mid-market trading on Monday, also adding to 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 falling below the 8,650.00 level, with weakness in energy, financial and technology stocks partially offset by strong gains in mining stocks.
RTTNews | 2時49分前
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Monday, following the negative cues from Wall Street on Friday, amid concerns about the economic impact of US President Donald Trump's unilateral "reciprocal tariffs" and aggressive trade stance on the global economy. However, the weaker than expected US monthly jobs data increased optimism about a potential interest rate cut by the US Fed in September.
RTTNews | 3時31分前
Thai Stock Market Expected To Open In The Red Again On Monday

Thai Stock Market Expected To Open In The Red Again On Monday

The Thai stock market has moved lower in consecutive trading days, falling more than 25 points or 2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,220-point plateau and it's likely in for a rough ride again on Monday.
RTTNews | 4時33分前
Indonesia Bourse May Turn Lower Again On Monday

Indonesia Bourse May Turn Lower Again On Monday

The Indonesia stock market on Friday halted the two-day slide in which it had dropped almost 140 points or 1.9 percent. The Jakarta Composite Index now sits just shy of the 7,540-point plateau although it's likely to head south again on Monday.
RTTNews | 5時3分前