Advertisement
CAC 40 Advances In Cautious Trade
(RTTNews) - French stocks are up Wednesday morning, extending gains to a third session and hovering around 8-month highs, as investors continue to react to a slew of corporate earnings updates, and look ahead to U.S. consumer price inflation data.
Economists expect U.S. core consumer inflation to increase slightly to 0.3% for January.
Worries about the potential impact of fresh tariffs by U.S. President Donald Trump limit market's upside.
Trump said on Monday that he would introduce 25% tariffs on all steel and aluminium imports from March 12, a move which received condemnation from Mexico, Canada and the European Union.
The benchmark CAC 40, which climbed to 8,067.07, was up 22.33 or 0.28% at 8,051.23 a few minutes ago.
Kering is gaining more than 5.5% amid hopes of a turnaround performance this year following an improvement in the group's performance in China and the United States.
Edenred is rising 3.5% and Teleperformance is advancing 2.1%. Capgemini is up by about 1.8%.
Unibail Rodamco, Renault and Pernod Ricard are up 1.3 to 1.5%. Bouygues, Airbus Group, Stellantis, Societe Generale, Publicis Groupe, Eurofins Scientific, BNP Paribas and Orange are up 0.6 to 1%.
Thales is declining 1.2%. Michelin, TotalEnergies, L'Oreal, Veolia Environment, Essilor and Air Liquide are modestly lower.
South Korea Bourse May Extend Losing Streak
Japan Leading Index Data Due On Monday
Euro Slips On Trump's Tariff Proposal
Swiss Market Ends Weak On Tariff Concerns
European Stocks Closed Weak On Trump's Fresh Tariff Threat
TSX Recovers After Early Setback; Materials Stocks Move Higher
U.S. New Home Sales Spike From Downwardly Revised Level In April
