CAC 40 Moderately Higher On Trade Deal Hopes

RTTNews | 16h 50min ago
CAC 40 Moderately Higher On Trade Deal Hopes

(RTTNews) - French stocks are gaining some ground in positive territory on Thursday amid rising hopes the European Union will strike a trade deal with the U.S. sometime soon.

EU trade chief Maros Sefcovic said there was good progress on a framework trade agreement and a deal may even be possible within days.

Investors are shrugging off U.S. President Donald Trump's decision to impose a 50% tariff on copper imports, along with a separate levy on Brazlian goods. The levies will take effect on August 1.

The benchmark CAC 40 was up 48.19 points or 0.61% at 7,926.65 a few minutes ago.

Pernod Ricard is gaining about 3.6%. Dassault Systemes is climbing up 3.1% and ArcelorMittal is up 2.7%. Capgemini and Kering are up 2.3% and 2.1%, respectively.

Schneider Electric, Publicis Groupe, L'Oreal, LVMH, STMicroElectronics, Stellantis, Hermes International, Michelin, Legrand and Teleperformance are advancing 1 to 2%.

Societe Generale is down 1.4%. Accor is lower by about 1.25%, while Edenred and Orange are down 0.8% and 0.7%, respectively. BNP Paribas, Safran and Credit Agricole are modestly lower.

On the economic front, official data showed France recorded a current account deficit of EUR3098 million in May.

read more
Australian Market Slips To Modest Losses In Mid-market

Australian Market Slips To Modest Losses In Mid-market

The Australian stock market is slipping to modest losses in mid-market moves on Friday after opening in the green, reversing some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 8,600 level, with weakness in gold miner and energy stocks partially offset by gains in iron ore miner stocks.
RTTNews | 16 minutes ago
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Friday, following the broadly positive cues from Wall Street overnight, as traders hope for an end to the tariff uncertainty after US President Donald Trump confirmed he will not extend the August 1 deadline for striking trade deals, though he continues to threaten higher reciprocal tariffs on various sectors and countries.
RTTNews | 23 minutes ago
Thai Stock Market Tipped To End Losing Streak

Thai Stock Market Tipped To End Losing Streak

Ahead of Thursday's holiday for Asarnha Bucha Day, the Thai stock market had moved lower in consecutive trading days, sinking more than a dozen points or 1 percent along the way. The Stock Exchange of Thailand now sits just above the 1,110-point plateau although it may stop the bleeding on Friday.
RTTNews | 1h 15min ago
Higher Open Called For Indonesia Stock Market

Higher Open Called For Indonesia Stock Market

The Indonesia stock market has moved higher in four straight sessions, gathering almost 140 points or 2 percent along the way. The Jakarta Composite Index now sits just above the 7,000-point plateau and it's looking at a steady start again on Friday.
RTTNews | 2h 8min ago
Japanese Market Modestly Higher

Japanese Market Modestly Higher

Reversing the losses in the previous session, the Japanese market is modestly higher on Friday, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 39,700 level, with gains in exporters and technology stocks.
RTTNews | 2h 18min ago
Hong Kong Shares Tipped To Open In The Green

Hong Kong Shares Tipped To Open In The Green

The Hong Kong stock market has moved higher in two of three trading days since the end of the three-day losing streak in which it had dropped more than 330 points or 1.4 percent. The Hang Seng Index now sits just beneath the 24,030-point plateau and it may see additional support on Friday.
RTTNews | 2h 23min ago
Australian Market Slightly Higher

Australian Market Slightly Higher

The Australian stock market is trading slightly higher on Friday, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying just below the 8,600 level, with gains in iron ore miner stocks partially offset by weakness in gold miner and financial stocks.
RTTNews | 2h 38min ago