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CAC 40 Struggles For Direction In Early Trade
(RTTNews) - French stocks were little changed in lacklustre trade on Friday in the absence of Wall Street cues.
The euro strengthened and regional bond yields edged higher after Bundesbank President Joachim Nagel said the European Central Bank must resist any temptation to cut interest rates early.
Nagel also said he was "skeptical" about the risk of a 'hard landing' for the euro zone economy caused by the monetary policy squeeze.
The benchmark CAC 40 was marginally lower at 7,276 after closing up 0.2 percent the previous day.
Forvia rose 1.4 percent after Barclays upgraded shares of the automotive parts maker to "overweight".
China-related LVMH, Hermes and Kering were moving lower after Chinese wealth manager Zhongzhi Enterprise Group told investors it is heavily insolvent with up to $64 billion in liabilities.
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Swiss Market Ends Notably Lower
Save for a few minutes about an hour after the opening bell, the Switzerland market stayed weak on Wednesday with several stocks reeling under selling pressure.
Investors were cautious amid concerns about the impact of U.S. tariffs, and Donald Trump's fresh threat that his government might consider imposing tariffs on chips and pharmaceuticals.
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1j 53min yang lalu
European Stocks Close Mostly Higher On Earnings, Fed Rate Cut Hopes
European stocks closed mostly higher on Wednesday, thanks largely to some strong corporate earnings updates, and expectations of an interest rate reduction by the Federal Reserve in September.
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2j 23min yang lalu
Canadian Stocks Surge Higher Again; TSX Scales New Record High
Canadian stocks are up firmly in positive territory on Wednesday, and the benchmark S&P/TSX Composite Index stays high up after hitting a fresh record. Rising optimism about a rate cut by the Federal Reserve in September, firm oil prices and some upbeat corporate earnings announcements are contributing to the positive mood in the market.
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3j 13min yang lalu
India Holds Key Interest Rates Steady As Trade Tensions Escalate
The Reserve Bank of India left its key interest rates unchanged on Wednesday after an aggressive cut in June as the economy faces another threat from the US due to its Russian oil imports. The RBI Monetary Policy Committee, led by Governor Sanjay Malhotra, unanimously decided to hold the policy repo rate at 5.50 percent. The bank had reduced the rate by 50 basis points in June.
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5j 45min yang lalu
Bay Street Looks Set To Extend Upmove
Canadian shares look headed for a positive start on Wednesday, riding on some impressive corporate earnings updates, and higher oil prices. The focus will also be on the developments on the trade front.
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7j 13min yang lalu
Eurozone Retail Sales Recover In June
Euro area retail sales rebounded in June suggesting that household spending likely supported economic growth in the second quarter, official data revealed on Wednesday. Retail sales grew 0.3 percent on a monthly basis in June, offsetting May's 0.3 percent decline, Eurostat said. However, this was marginally weaker than economists' forecast for a 0.4 percent increase.
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7j 23min yang lalu
Euro Rises As European Shares Traded Higher
The euro strengthened against other major currencies in the European session on Wednesday, as European shares traded higher despite weak factory orders data from Germany and fresh tariff threats from U.S. President Donald Trump on pharma and chips. Some upbeat earnings announcements and expectations of a Fed interest rate cut next month appear to be aiding sentiment.
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7j 56min yang lalu
Disney Lifts FY25 EPS View After Q3 Profit Beats Market; ESPN In Deal With WWE, NFL
Media and entertainment major Walt Disney Co. (DIS) on Wednesday raised fiscal 2025 outlook for earnings.above the Street after reporting significantly higher profit in its third quarter, above market estimates. Meanwhile, revenues missed the market view, despite reporting a growth. Separately, Disney announced that its unit ESPN has signed a landmark rights agreement with WWE.
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8j 13min yang lalu
