CAC 40 Rises Before First Round Of Snap Elections

RTTNews | 353 days ago
Stocktwits
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.

Stocktwits
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FDA Upgrades Medtronic Recall Of Newport Ventilators To Class I

FDA Upgrades Medtronic Recall Of Newport Ventilators To Class I

Medical devices maker Medtronic plc has urged customers to discontinue clinical use of the recently recalled certain Newport branded ventilators and certain related service parts after the U.S. Food and Drug Administration upgraded it to a Class I recall. According to the FDA, a Class I recall is the most serious type of recall, a situation where the use of, or exposure to, a violative product...
RTTNews | 17 minutes ago
Pound Slides On Weak U.K. GDP Data

Pound Slides On Weak U.K. GDP Data

The British pound weakened against other major currencies in the European session on Thursday, as U.K. economy shrank more than expected in April largely reflecting a fall in services output.
RTTNews | 30 minutes ago
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Thursday.
RTTNews | 43 minutes ago
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
RTTNews | 1h 48min ago
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