CAC 40 Moderately Higher Despite Political Uncertainty

RTTNews | 3 дней спустя
CAC 40 Moderately Higher Despite Political Uncertainty

(RTTNews) - Despite political uncertainty, the French market is up firmly in positive territory on Wednesday, supported by gains in steel stocks after the European Union proposed to lower shipment quotas for tariff-free steel imports into the bloc, and hike tariffs on volumes that are above the proposed limits.

Auto stocks are weak, weighed down by German auto major BMW lowering its revenue forecast, citing U.S. tariffs and weaker-than-expected growth in the Chinese market.

The benchmark CAC 40 was up 49.94 points or 0.63% at 8,024.79 a few minutes ago.

ArcelorMittal is rising 2.8%. Kering, Hermes International, Societe Generale, LVMH, Kering, Legrand and schneider Electric are gaining 1.3 to 1.5%.

AXA, Safran, Euronext, Thales, Airbus, Accor, EssilorLuxottica and Credit Agricole are also notably higher.

Among the losers, Renault is down by about 2.3%. STMicroElectronics, Capgemini, Saint Gobain, Sanofi, Michelin and Stellantis are down 0.5 to 1%.

read more
U.S. Govt Has Started To Fire Federal Workers

U.S. Govt Has Started To Fire Federal Workers

The U.S. government has started to layoff federal employees, the Office of Management and Budget's chief Russell Vought said on the 10th day of the shutdown. In a post on the social media platform X, Vought said, "The RIFs have begun." RIF is an acronym for reduction in force.
RTTNews | 1 дней спустя
SMI Sheds Over 1% As Stocks Tumble In Final Hour

SMI Sheds Over 1% As Stocks Tumble In Final Hour

After moving along the flat line till the penultimate hour of the day's trading session on Friday, Switzerland's benchmark index SMI tumbled in the final hour, as trade tensions intensified after U.S. President Donald Trump threatened to impose massive tariffs on Chinese imports.
RTTNews | 1 дней спустя
TSX Down 0.7%, Looks Headed For Another Weak Close

TSX Down 0.7%, Looks Headed For Another Weak Close

After opening slightly higher and advancing further, the Canadian market slipped into negative territory Friday morning, pushed down by losses in healthcare, energy and technology sectors.
RTTNews | 1 дней спустя
U.S. Consumer Sentiment Virtually Unchanged In October

U.S. Consumer Sentiment Virtually Unchanged In October

A report released by the University of Michigan on Friday showed its reading on U.S. consumer sentiment was virtually unchanged in the month of October. The University of Michigan said its consumer sentiment index edged down to 55.0 in October from 55.1 in September. Economists had expected the index to slip to 54.2.
RTTNews | 1 дней спустя
Calico Brands Recalls 175K Scripto Premium Torches Sold At Walmart, Home Depot

Calico Brands Recalls 175K Scripto Premium Torches Sold At Walmart, Home Depot

Ontario, California-based Calico Brands is recalling about 175 thousand units of Scripto Premium Torches citing risks of injury or death from fires and burns, according to the U.S. Consumer Product Safety Commission. The recall involves the Scripto Premium Torch with UPC number "0-70257-52226-6".
RTTNews | 1 дней спустя
Bay Street May Open Flat; Jobs Data In Focus

Bay Street May Open Flat; Jobs Data In Focus

Futures point to a flat start for the Canadian market Friday morning, but the nation's employment data, due before the opening bell, could well set the trend for stocks. Firm gold and silver prices are likely to trigger some strong buying in the materials sector.
RTTNews | 1 дней спустя