CAC-40 Rises On Earnings Boost

RTTNews | 823 days ago
CAC-40 Rises On Earnings Boost

(RTTNews) - The CAC-40 rallied on Thursday amidst a strong batch of corporate earnings that reiterated the strength of the economy. Markets also shrugged off strong economic data from the U.S. to rule out a hard landing for the economy.

The CAC-40 is currently trading at 7,383.79, up 1.14 percent from the previous close. The day's trading has been between 7,345.10 and 7,387.29.

Only 5 scrips among the 40 scrips in the index are trading in negative territory.

Telecom business Orange surged more than 5 percent following strong financial results. Distiller Pernod Ricard also gained more than 5 percent after posting upbeat results.

Luxury goods maker Kering extended gains with a 3.7 percent addition.

Airbus, Societe Generale, Air Liquide and Worldline, Dassault Systemes have all rallied more than 2 percent.

The EUR/USD pair has edged 0.17 percent lower to 1.0707.

The ten-year bond yield has decreased 0.5 percent to 2.929% versus the previous close of 2.944%.

read more
China Industrial Output Growth Tops Expectations; Retail Sales Disappoint

China Industrial Output Growth Tops Expectations; Retail Sales Disappoint

China's industrial production increased more than expected in April despite trade tariff hikes and the unemployment rate dropped marginally but growth in retail sales fell short of expectations signalling weaker domestic demand, official data revealed on Monday. Industrial output logged an annual growth of 6.1 percent in April after rising 7.7 percent in March.
RTTNews | 1h 7min ago
Thai Downgrades GDP Growth Outlook

Thai Downgrades GDP Growth Outlook

Thailand's economy is projected to expand less than the previous estimate this year as trade tariffs are likely to dampen exports in the second half of the year, the National Economic and Social Development Council said Monday. Southeast Asia's second largest economy is forecast to grow in the range of 1.3 percent to 2.3 percent this year. This was down from the previous outlook of 2.3 percent-
RTTNews | 2h 40min ago
Fijian Import & Export Recalls Ready-To-Eat Meat Pie Products

Fijian Import & Export Recalls Ready-To-Eat Meat Pie Products

Hayward, California-based Fijian Import & Export Co. Inc. is recalling around 127 pounds of ready-to-eat meat pie products from Australia that were not presented for import reinspection upon entry into the United States, according to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS. The recall involves 5.6-oz. plastic packages...
RTTNews | 3h 32min ago
Australian Market Halves Early Losses In Mid-market

Australian Market Halves Early Losses In Mid-market

The Australian stock market is halving its early losses in mid-market trading on Monday, snapping an eight-session winning streak, despite the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling to near the 8,300.00 level, with weakness in iron ore miners, energy and financial stocks partially offset by gains in gold miners.
RTTNews | 5h 10min ago
Asian Markets Trade Mostly Lower

Asian Markets Trade Mostly Lower

Asian stock markets are mostly lower on Monday, following the positive cues from Wall Street on Friday, as traders react to surprise downgrade of the US government's credit rating by one notch to Aa1 by Moody's Ratings, being the last of the three major credit rating agencies to downgrade it. They also react to China announcing anti-dumping duties on plastics from the U.S., EU, Japan and Taiwan.
RTTNews | 5h 27min ago
Sensex, Nifty Seen Lower On US Debt Concerns

Sensex, Nifty Seen Lower On US Debt Concerns

Indian shares look set to open lower on Monday as investors fret about the changing geo-political landscape in India's neighborhood as a new bonhomie between Bangladesh, China and Pakistan takes shape silently.
RTTNews | 5h 58min ago