CAC 40 Rises Before First Round Of Snap Elections

RTTNews | 352 days ago
CAC 40 Rises Before First Round Of Snap Elections

(RTTNews) - French stocks traded higher on Monday ahead of the first round of French parliamentary elections this week.

Opinion polls published before the election revealed that the coalition of right-wing parties led by Marine Le Pen of National Rally (RN) party is set to emerge as the single-largest party in French elections to be held in two phases on June 30 and July 7.

The benchmark CAC 40 was up 41 points, or half a percent, at 7,669 after losing 0.6 percent on Friday.

In corporate news, Safran rose about 1 percent after it entered into exclusive discussions to acquire 100 percent of Preligens for an enterprise value of 220 million euros.

Valneva SE jumped 8.5 percent after Health Canada approved IXCHIQ, the company's single-dose vaccine for the prevention of disease caused by the chikungunya virus in individuals 18 years of age and older.

Eurofins Scientific plummeted 19 percent after research firm Muddy Waters recommended a "short" position on the stock.

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New Zealand Card Retail Sales Data Due On Thursday

New Zealand Card Retail Sales Data Due On Thursday

New Zealand will on Thursday release May figures for electronic card retail sales, highlighting a light day for Asia-Pacific economic activity. In April, sales were flat on month and down 0.3 percent on year.
RTTNews | 1h 9min ago
Swiss Market Fails To Hold Early Gains, Settle Modestly Lower

Swiss Market Fails To Hold Early Gains, Settle Modestly Lower

The Switzerland market ended modestly lower on Wednesday despite spending much of the day's trading session in positive territory. Although the market gained some ground in positive territory, reacting to news about U.S. and Chinese officials reaching a framework to implement the Geneva consensus following two days of discussions in London, the mood turned cautious later on in the session.
RTTNews | 5h 3min ago
European Stocks Pare Early Gains, Close Mostly Lower

European Stocks Pare Early Gains, Close Mostly Lower

Despite U.S. and Chinese officials announcing an agreement in principle on a framework to ease trade disputes, European stocks failed to hold early gains and closed mostly lower on Wednesday, with the mood turning cautious as the plan is subject to approval by the presidents of the two nations.
RTTNews | 5h 23min ago
ECB Indicator Shows Eurozone Wage Growth To Slow Sharply To 3.1% This Year

ECB Indicator Shows Eurozone Wage Growth To Slow Sharply To 3.1% This Year

A measure, based on the collective bargaining agreements in the euro area, suggested that negotiated wage growth is set to ease significantly this year, the European Central Bank said on Wednesday, which adds to expectations of inflation staying near the 2 percent target.
RTTNews | 8h 19min ago
U.S. Consumer Prices Inch Up 0.1% In May, Slightly Less Than Expected

U.S. Consumer Prices Inch Up 0.1% In May, Slightly Less Than Expected

A closely watched report released by the Labor Department on Wednesday showed a slight increase by consumer prices in the U.S. in the month of May. The Labor Department said its consumer price index inched up by 0.1 percent in May after rising by 0.2 percent in April. Economists had expected another 0.2 percent increase.
RTTNews | 9h 30min ago
Bay Street Seen Opening On Mixed Note

Bay Street Seen Opening On Mixed Note

It's likely to be a mixed start for Canadian shares on Wednesday with investors reacting to the crucial U.S. consumer price inflation data, and the developments on the trade front where U.S. and Chinese official reached a framework to implement the Geneva consensus following two days of discussions in London.
RTTNews | 10h 18min ago