CAC 40 Declines On Rate Worries

RTTNews | 574 days ago
CAC 40 Declines On Rate Worries

(RTTNews) - French stocks traded lower on Thursday amid renewed concerns over rising interest rates and the ongoing Israel-Hamas conflict.

Investors also awaited the ECB rate decision later in the day for directional cues.

The benchmark CAC 40 was down 65 points, or 0.9 percent, at 6,850 after rising about 0.3 percent in the previous session.

Automaker Renault fell nearly 3 percent following disappointing earnings updates from peers Mercedes Benz and Volkswagen.

Lender BNP Paribas slumped 4 percent after posting a fall in third-quarter net profit on higher expenses.

Food group Danone rose 1.3 percent after lifting its 2023 revenue growth forecast.

Sodexo jumped 6 percent. The catering and food services group said it plans to list its voucher and benefits division Pluxee early in 2024.

Carrefour, Europe's largest food retailer, surged 4 percent after reporting higher third-quarter sales and backing its full-year targets.

Troubled supermarket group Casino was slightly lower after slashing its profit forecast.

TotalEnergies dropped half a percent after reporting a decline in Q3 adjusted profit.

read more
Antipodean Currencies Fall, Yen Gains Amid Risk-off Sentiment

Antipodean Currencies Fall, Yen Gains Amid Risk-off Sentiment

The Antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Thursday on increased risk-off sentiment, following the broadly negative cues from Wall Street overnight, amid rising treasury yields on concerns about the fiscal impact of a new U.S. tax bill on the country's deficit. The lack of clear progress on new trade deals is also weighing on the markets.
RTTNews | 2h 19min ago
European Economic News Preview: Eurozone Flash PMI Data Due

European Economic News Preview: Eurozone Flash PMI Data Due

Flash purchasing managers' survey results from the major euro area economies and business sentiment from Germany and France are due on Thursday, headlining a hectic day for the European economic news. At 2.00 am ET, the Office for National Statistics publishes UK public sector finance data for April. The budget deficit is forecast to rise to GBP 18 billion from GBP 16.4 billion in March.
RTTNews | 3h 22min ago
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
RTTNews | 3h 23min ago
NZ Dollar Slides Against Majors

NZ Dollar Slides Against Majors

The New Zealand dollar strengthened against other major currencies in the Asian session on Thursday.
RTTNews | 3h 38min ago
Sensex, Nifty Tumble On US Fiscal Concerns

Sensex, Nifty Tumble On US Fiscal Concerns

Indian shares were sharply lower on Thursday after Wall Street saw one of its most brutal selling sessions overnight in over a month on concerns about deteriorating U.S. fiscal outlook.
RTTNews | 4h 5min ago
Australian Market Slightly Trims Early Losses In Mid-market

Australian Market Slightly Trims Early Losses In Mid-market

The Australian market is slightly trimming its early losses in mid-market moves on Thursday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,350 level, with weakness across most sectors led by and technology and energy stocks. Gold miners are the only bright spot.
RTTNews | 4h 53min ago