CAC 40 Modestly Lower In Cautious Trade

RTTNews | Před 209 dny

(RTTNews) - French stocks are moving in a narrow range in cautious trades Wednesday morning amid lingering uncertainty about the Trump administration's trade policies.

It is feared that the United States' spat with China, the second largest economy, will significantly hurt global growth outlook and adversely impact corporate earnings.

The benchmark CAC 40 was down at 22.85 points or 0.29% at 7,883.55 a few minutes ago.

Renault is down more than 2.5%. Vivendi, STMicroElectronics, Pernod Ricard and Michelin are lower by 1.5 to 1.8%.

BNP Paribas, Legrand, LVMH, L'Oreal, Stellantis, Schneider Electric, Edenred, Thales, Veolia Environment and Bouygues are declining by 0.5 to 1%.

TotalEnergies is up 1.1%. The company raised dividend and maintained the pace of share buybacks despite reporting a drop in fourth-quarter earnings.

Lender Credit Agricole is gaining 1.5% after reporting better-than-expected earnings on higher revenue in the final quarter of 2024.

Publicis Groupe is gaining 2.3% and ArcelorMittal is up 1.1%, while Unibail Rodamco is advancing 0.75%.

In economic news, the HCOB France Composite PMI for January 2025 was revised down to 47.6, from the flash estimate of 48.3, just above December's 47.5. That marks the fifth consecutive monthly contraction in output.

Both manufacturing and services contributed to the downturn in economic activity in January, with manufacturing sector declining at a slower pace. The manufacturing PMI came in with a score of 45 for January, compared to 41.9 in December 2024. The services PMI came in at 48.2 for January, down from 49.3 in December.

France's industrial production fell 0.4% month-on-month in December 2024, following a downwardly revised 0.1% increase in November. The drop was driven by a 0.7% contraction in manufacturing output.

The HCOB Eurozone Composite PMI rose to 50.2 in January of 2025 from 49.6 in the previous month, in line with the preliminary estimate and ahead of expectations of 49.7.

The services sector PMI came in at 51.3 for January, down from 51.6 in December 2024, while the manufacturing sector PMI score came in at 46.6, compared to 45.1 in December.

Sensex, Nifty Marginally Higher In Early Trade

Indian shares were marginally higher on Wednesday despite rising oil prices and weak cues from global markets.

RTTNews | Před 42 minutami

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market moves on Wednesday, adding to the losses in the previous three sessions, with the benchmark S&P/ASX 200 falling well below the 8,900 level, following the broadly negative cues from Wall Street overnight, with weakness in financial and technology stocks partially offset by gains in mining stocks.

RTTNews | Před 1 h 32 min

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Wednesday, following the negative cues from Wall Street overnight, as traders remain cautious amid renewed uncertainty among various nations trading with the US, many of which have concluded tariff deals, after a US Appeals Court ruled that US President Donald Trump's "reciprocal tariffs" are illegal. Asian markets closed mixed on Tuesday.

RTTNews | Před 1 h 35 min

Sensex, Nifty Set To Open Lower Amid Rising Global Bond Yields

Indian shares look set to open on a weak note on Wednesday, with trade tensions and caution ahead of the two-day Goods and Services Tax (GST) Council meeting, scheduled for Sept 3-4, likely to keep investors on edge.

RTTNews | Před 3 h 6 min

Win Streak May End For Thai Stock Market

The Thai stock market has moved higher in back-to-back sessions, adding more than a dozen points or 1 percent in that span. The Stock Exchange of Thailand now sits just shy of the 1,250-point plateau although the rally may stall on Wednesday.

RTTNews | Před 3 h 29 min

Japanese Market Modestly Lower

The Japanese stock market is trading modestly lower on Wednesday, reversing the gains in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 42,250 level, with weakness in index heavyweights, financial and technology stocks partially offset by gains in exporter stocks.

RTTNews | Před 3 h 54 min

Lower Open Called For Hong Kong Stock Market

The Hong Kong stock market on Wednesday ended the two-day winning streak in which it had picked up almost 620 points or 2.4 percent. The Hang Seng Index now sits just shy of the 25,500-point plateau and it's expected to open in the red again on Wednesday.

RTTNews | Před 4 h 14 min

Australian Market Notably Lower

Australian shares are trading notably lower on Wednesday, adding to the losses in the previous three sessions, with the benchmark S&P/ASX 200 falling well below the 8,900 level, following the broadly negative cues from Wall Street overnight, with weakness in financial and technology stocks partially offset by gains in mining stocks.

RTTNews | Před 4 h 16 min

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