CAC 40 Slips On Mixed Earnings

RTTNews | 560 days ago
CAC 40 Slips On Mixed Earnings

(RTTNews) - French stocks traded lower on Friday, with heighted geopolitical tensions in the Middle East, Fed rate uncertainty and mixed earnings results weighing on investor sentiment. The benchmark CAC 40 was down 19 points, or 0.3 percent, at 7,646 after climbing 0.7 percent on Thursday.

Orange dropped half a percent. The telecoms firm reported that its loss before taxation for fiscal year 2023 was 2.2 million euros compared to profit of 81.6 million euros in the prior year.

Hermes International soared 5 percent. The luxury design house announced plans to raise prices after posting solid Q4 results.

L'Oreal slumped 6 percent after reporting lower-than-expected fourth-quarter sales. Video game Ubisoft jumped 15 percent after beating its sales targets in Q3.

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Sensex, Nifty Edge Lower; IT Stocks Drag On Trade Worries

Sensex, Nifty Edge Lower; IT Stocks Drag On Trade Worries

Indian shares opened on a weak note on Friday after a Trump administration official called India the 'Maharaja' of tariffs and ramped up his criticism over the trade ahead of an expected tariff increase on August 27.
RTTNews | 17 minutes ago
Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Friday.
RTTNews | 27 minutes ago
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market moves on Friday, giving up some of the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying above the 9,000 mark, with weakness in technology and financial stocks partially offset by gains in mining and energy stocks.
RTTNews | 1h 26min ago
Asian Markets Mostly Higher

Asian Markets Mostly Higher

Asian stock markets are trading mostly higher on Friday, despite the broadly negative cues from Wall Street overnight, as traders remain cautious amid lingering uncertainty about the outlook for interest rates ahead of US Fed Chair Jerome Powell's highly anticipated speech at the Jackson Hole Economic Symposium later in the day. Asian markets ended mixed on Thursday.
RTTNews | 1h 51min ago
Sensex, Nifty Set For Muted Start

Sensex, Nifty Set For Muted Start

Indian shares may open on a sluggish note on Friday following six consecutive sessions of gains on optimism about S&P's rating upgrade for India, improving Sino-India relations and the Centre's plan to rationalize Goods and Services Tax (GST).
RTTNews | 2h 16min ago
Japanese Market Slightly Higher

Japanese Market Slightly Higher

The Japanese market is slightly higher on Friday, snapping a three-session losing streak, despite the broadly negative cues from Wall Street overnight. The Nikkei 225 is moving above the 42,650 level, with gains across all sectors led by automakers and financial stocks as domestic inflation data beat expectations.
RTTNews | 2h 45min ago
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian stock market is trading slightly lower on Friday, recouping some of the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying above the 9,000 mark, with weakness in technology and financial stocks partially offset by gains in mining and energy stocks.
RTTNews | 3h 7min ago