CAC 40 Moderately Lower As Trade War Concerns Hurt Sentiment

RTTNews | 51 일 전
CAC 40 Moderately Lower As Trade War Concerns Hurt Sentiment

(RTTNews) - French stocks are down in negative territory on Monday, weighed down by trade war concerns following U.S. President Donald Trump's threat that he would impose a 30% tariff on EU imports from August 1.

Meanwhile, the European Union has reportedly prepared a €21 billion ($24.52 billion) tariff package targeting American goods if trade talks between the two sides collapsed.

The benchmark CAC 40 was down 40.61 points or 0.52% at 7,788.68 a little while ago.

French defense-related stocks are finding some support after President Emmanuel Macron on Sunday called for a massive boost to France's defense spending, citing a greater threat from Russia.

Hermes International, down nearly 2%, is the biggest loser in the CAC 40 index. Pernod Ricard is down 1.9% and LVMH is down by about 1.7%.

STMicroElectronics, Teleperformance, Kering and Schneider Electric are down 1.3 to 1.5%. Legrand, Stellantis, Dassault Systemes, Saint Gobain, Capgemini, ArcelorMittal, L'Oreal and Renault are also notably lower.

Thales, up 1.7%, is the top gainer. Orange is gaining about 1.5%. Danone, Michelin, Engie, Bouygues, TotalEnergies and Accor are up with modest gains.

read more
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Thursday, following the mixed cues from Wall Street overnight, as traders remain optimistic that the US Fed will lower interest rates by at least a quarter point later this month after a report showed job openings in the U.S. fell to their lowest level in ten months in July. Asian markets closed mostly lower on Wednesday.
RTTNews | 15 분 전
Sensex, Nifty Seen Higher As Investors React To GST Meeting Outcome

Sensex, Nifty Seen Higher As Investors React To GST Meeting Outcome

Indian shares look set to open higher on Thursday after the Goods and Services Tax (GST) Council approved a new dual-slab structure of 5 percent and 18 percent, and scrapped the existing 12 percent and 28 percent rates, in a landmark move aimed at simplifying India's indirect tax regime.
RTTNews | 59 분 전
Thai Shares Tipped To Open In The Green On Thursday

Thai Shares Tipped To Open In The Green On Thursday

The Thai stock market has moved higher in three straight sessions, adding almost 24 points or 2 percent in that span. The Stock Exchange of Thailand now sits just shy of the 1,260-point plateau and it's got a positive lead again for Thursday's trade.
RTTNews | 1 시간 28 분 전
Additional Support Predicted For Indonesia Stock Market

Additional Support Predicted For Indonesia Stock Market

The Indonesia stock market has moved higher in back-to-back sessions, gathering almost 140 points or 1.8 percent along the way. The Jakarta Composite Index now rests just above the 7,885-point plateau and it's expected to open to the upside again on Thursday.
RTTNews | 1 시간 58 분 전
Japanese Market Significantly Higher

Japanese Market Significantly Higher

The Japanese market is trading significantly higher on Thursday, reversing the losses in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving up 500 points to well above the 42,400 level, with gains across all sectors led by index heavyweights and technology stocks.
RTTNews | 2 시간 2 분 전
Hong Kong Shares Poised To End Losing Streak

Hong Kong Shares Poised To End Losing Streak

The Hong Kong stock market has moved lower in two straight sessions, sinking more than 270 points or 1.1 percent in that span. The Hang Seng Index now sits just shy of the 25,350-point plateau although it may stop the bleeding on Thursday.
RTTNews | 2 시간 13 분 전
Australian Market Notably Higher

Australian Market Notably Higher

The Australian market is trading notably higher on Thursday, snapping a three-session losing streak, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,800 level, with gains in mining, financial and technology stocks partially offset by weakness in energy stocks.
RTTNews | 2 시간 26 분 전
Higher Open Called For China Stock Market

Higher Open Called For China Stock Market

The China stock market has moved lower in consecutive trading days, dropping more than 60 points or 1.5 percent along the way. The Shanghai Composite Index now sits just above the 3,810-point plateau although it may find traction on Thursday.
RTTNews | 2 시간 28 분 전