CAC 40 Edges Higher; ECB Policy In Focus

RTTNews | Před 165 dny

(RTTNews) - French stocks moving higher Thursday morning with investors digesting preliminary GDP data and corporate earnings news, and awaiting the European Central Bank's monetary policy announcement later in the day.

Eurozone GDP data is also due later in the day.

The European Central Bank is widely expected to lower interest rates again. On Wednesday, the Federal Reserve left its key rates unchanged and noted inflation remains "somewhat elevated" and reiterated its strong commitment to returning inflation to its 2% objective.

The benchmark CAC 40 was up 32.56 points or 0.4% at 7,905.04 a few minutes ago.

Schneider Electric and Teleperformance are gaining 2.5% and 2.3%, respectively. Legrand, Sanofi, ArcelorMittal, Saint Gobain, Kering, Carrefour, Thales, L'Oreal, Vinci and Stellantis are up 1 to 1.7%.

Michelin, Accor, Capgemini, Pernod Rircard and Unibail Rodamco are modestly higher.

Shares of semiconductor company STMicroElectronics are down nearly 8% on weak results. The company announced that its net income for the fourth-quarter was $341 million, compared to $1.076 billion in the year-ago quarter. The earnings per share has also decreased to $0.37 compared with $1.14 in the prior year.

The net revenue dropped to $3.32 billion from $4.28 billion last year's quarter, the company said, adding that its expects first-quarter net revenue to decline 24.4% sequentially to $2.51 billion.

Eurofins Scientific is declining nearly 3%, while Essilor and Orange are down 0.7% and 0.4%, respectively.

The French economy contracted for the first time in nearly two years in the fourth quarter as the positive impact of the Paris Olympics and Paralympic Games faded, official data revealed Thursday.

Data from the statistical office INSEE said France's fourth-quarter gross domestic product shrank 0.1% sequentially after expanding 0.4% in the third quarter, according to first estimate.

This was the first quarterly fall since the March quarter of 2023, when GDP fell similarly by 0.1%. Detailed data for the fourth quarter is due on February 28.

In 2024 as a whole, GDP grew 1.1%, the same pace of growth as seen in 2023 and 2.6% in 2022.

Another data from the statistical office INSEE showed that household spending grew by more-than-expected 0.7% in December after a 0.2% increase in November. Consumption was expected to rise 0.1%.

Rally May Stall For Indonesia Stock Market

The Indonesia stock market has moved higher in six straight sessions, gathering almost 230 points or 3.3 percent along the way. The Jakarta Composite Index now sits just beneath the 7,100-point plateau although investors figure to lock in gains on Tuesday. The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.

RTTNews | Před 10 minutami

Australian Market Notably Higher

The Australian stock market is trading notably higher on Tuesday, reversing the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,600 level, with gains across most sectors led by technology and financial stocks. Iron ore miners were the only weak spot.

RTTNews | Před 19 minutami

Hong Kong Stock Market Tipped To Open In The Green

The Hong Kong stock market has moved higher in three straight trading days, collecting almost 310 points or 1.3 percent along the way. The Hang Seng Index now sits just above the 24,200-point plateau and it's expected to see mild upside again on Tuesday. The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.

RTTNews | Před 25 minutami

China Stock Market May Add To Its Winnings

The China stock market has moved higher in three straight sessions, gathering more than 25 points or 0.8 percent along the way. The Shanghai Composite Index now sits just beneath the 3,520-point plateau and it may see additional support on Tuesday. The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.

RTTNews | Před 40 minutami

Tech Shares May Give Taiwan Stocks A Lift

The Taiwan stock market on Monday wrote a finish to the three-day winning streak in which it had advanced almost 400 points or 1.8 percent. The Taiwan Stock Exchange now sits just above the 22,610-point plateau although it's expected to bounce higher again on Tuesday. The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.

RTTNews | Před 1 h 10 min

Singapore Bourse Due For Consolidation On Tuesday

The Singapore stock market has moved higher in six straight sessions, improving more than 90 points or 2.3 percent along the way. The Straits Times Index now rests just beneath the 4,110-point plateau although it's expected to see profit taking on Tuesday. The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.

RTTNews | Před 1 h 40 min

Mild Support Expected For Malaysia Stock Market

The Malaysia stock market has finished higher in two of three trading days since the end of the three-day losing streak in which it had slipped more than 20 points or 1.3 percent. The Kuala Lumpur Composite Index now sits just above the 1,535-point plateau and it may add to its winnings on Tuesday. The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.

RTTNews | Před 2 h 10 min

Japan Stock Market Poised To Snap Losing Streak

The Japanese stock market has moved lower in three straight sessions, sinking more than 360 points or 0.9 percent in that span. The Nikkei 225 now sits just beneath the 39,570-point plateau although it's likely to stop the bleeding on Tuesday. The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference. The Nikkei finished modestly lower on Monday as losses from the financial and technology stocks were mitigated by support from the automobile producers. For the day, the index shed110.06 points or 0.28 percent to finish at 39,459.62 after trading between 39,288.90 and 39,608.02. Among the actives, Nissan Motor accelerated 3.61 percent, while Mazda Motor rose 0.39 percent, Toyota Motor advanced 0.94 percent, Honda Motor improved 0.86 percent, Softbank Group stumbled 3.12 percent, Mizuho Financial sank 0.71 percent, Sumitomo Mitsui Financial fell 0.33 percent, Mitsubishi Electric eased 0.03 percent, Sony Group slipped 0.31 percent, Panasonic Holdings dropped 0.83 percent and Hitachi climbed 1.21 percent.

RTTNews | Před 2 h 25 min

EURUSD	1.16703	GBPUSD	1.3431	AUDUSD	0.65446
USDJPY	147.721	USDCAD	1.36998	USDCHF	0.79746

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CAC 40 Edges Higher; ECB Policy In Focus