CAC 40 Rallies On Strong Earnings

RTTNews | 714 days ago
CAC 40 Rallies On Strong Earnings

(RTTNews) - French stocks rallied on Thursday, with Fed rate pause optimism and a slew of upbeat earnings boosting investor sentiment.

The benchmark CAC 40 was up 108 points, or 1.5 percent, at 7,423 after tumbling 1.4 percent in the previous session.

Aircraft manufacturer Airbus fell nearly 2 percent after reporting a fall in net profit in the first half of this year.

Ipsen rallied 3.5 percent after the pharmaceutical firm upgraded its 2023 outlook.

Lender BNP Paribas jumped 3.5 percent after an announcement that it will buy back shares starting next month.

Industrial gases firm Air Liquide added 1.5 percent as it reported a 32 percent jump in first-half net profit.

Jet engine maker Safran climbed 2.6 percent after raising its full-year outlook.

read more
Commodity Currencies Rise Amid Renewed Tariff Concerns; USD Slide

Commodity Currencies Rise Amid Renewed Tariff Concerns; USD Slide

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major counterparts in the early European session on Thursday, as traders are optimistic about an end to the tariff uncertainty after U.S. President Donald Trump made it clear that he will not extend the August 1 deadline for trade deals, though he gets aggressive with tariff imposition. They are also optimistic about a potential trade deal between the U.S. and the European Union.
RTTNews | 51 minutes ago
European Shares Extend Gains On Trade Deal Optimism

European Shares Extend Gains On Trade Deal Optimism

European stocks rose for a fourth consecutive session on Thursday as optimism prevailed about a potential trade deal between the U.S. and the European Union. EU trade chief Maros Sefcovic said there was good progress on a framework trade agreement and a deal may even be possible within days.
RTTNews | 1h 25min ago
Bank Of Korea Keeps Rates Steady

Bank Of Korea Keeps Rates Steady

The Bank of Korea maintained its interest rate on Thursday as rising house prices and household debt pose risks to the financial stability amid escalating trade tensions weighing on economic growth outlook. The Monetary Policy Board decided to leave the Base Rate unchanged at 2.50 percent. The bank had previously reduced the benchmark rate by a quarter-point each in May and February.
RTTNews | 3h 57min ago