CAC 40 Notably Higher; ArcelorMittal, LVMH Among Prominent Gainers

RTTNews | 57 days ago
CAC 40 Notably Higher; ArcelorMittal, LVMH Among Prominent Gainers

(RTTNews) - French stocks are up firmly in positive territory on Wednesday, recovering well from previous session's losses. Investors are continuing to focus on the developments on the trade front ahead of the July 9 deadline for U.S.' reciprocal tariffs.

The focus is also on ECB President Christine Lagarde's speech at the central bank's forum in Portugal later in the day.

The benchmark CAC 40 was up 87.17 points or 1.15% at 7,749.76 a few minutes ago.

ArcelorMittal is gaining 5.3%. STMicroElectronics is up 3.7%. LVMH, Kering and Renault are up 2.8 to 3%. Teleperformance, Credit Agricole, Total Energies and BNP Paribas are gaining 2.2 to 2.6%.

Accor, Edenred, Orange, Societe Generale, Legrand, Pernod Ricard, Airbus, Dassault Systemes, Stellantis, Veolia Environment, Publicis Groupe, Bouygues, Michelin and Saint Gobain are advancing 1 to 2%.

Capgemini and Danone are down 0.6% and 0.4%, respectively, while Eurofins Scientific and AXA are down marginally.

In economic news, data from Eurostat showed that the unemployment rate in the Euro Area rose to 6.3% in May 2025 from a record low of 6.2% in April, above market expectations of 6.2%. Meanwhile, the youth unemployment rate, reflecting those under 25 seeking employment, went up to 14.4% from a downwardly revised 14.4% in the prior month.

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Australian Market Swings To Modest Gains In Mid-market

Australian Market Swings To Modest Gains In Mid-market

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Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian stock market is trading slightly lower on Friday, giving up some of the gains in the previous two sessions, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 9,000 mark, with weakness in mining and financial stocks partially offset by gains in energy and technology stocks.
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Hong Kong Shares May Stop The Bleeding On Friday

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The Hong Kong stock market has finished lower in three straight sessions, tumbling almost 830 points or 3.3 percent along the way. The Hang Seng Index now rests just beneath the 25,000-point plateau although it may find traction on Friday.
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