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CAC 40 Up 1.25% On Trade Deal Optimism

RTTNews | 4h 13min ago

CAC 40 Up 1.25% On Trade Deal Optimism

(RTTNews) - French stocks are up in positive territory on Wednesday, extending gains to a third straight session, amid optimism about U.S. and the European Union striking a deal sometime soon, despite U.S. President Donald Trump's threat that steep tariffs will be imposed on copper imports, and pharmaceuticals.

Trump announced a 50% levy on copper imports and signaled that more sector-specific tariffs will come soon. He also threatened to impose tariffs of up to 200% on pharmaceutical exports into the U.S., but said that he will "give people about a year, year and a half" until the duties go into effect.

The benchmark CAC 40, which advanced to 7,874.72, was up 96.27 points or 1.24% at 7,862.98 a few minutes ago.

Shares of EssilorLuxottica are up nearly 6% on reports that Meta had acquired a little under 3% stake in the company.

Societe Generale is gaining 3.5% and BNP Paribas is up 2.5%. Airbus, Saint Gobain, Teleperformance, Schneider Electric, Credit Agricole, Vinci, Michelin, Edenred, Veolia Environment, ArcelorMittal, Bouygues, Safran, AXA, Air Liquide and TotalEnergies are up 1 to 2%.

Publicis Groupe is declining 1.7%. Hermes International, Sanofi and STMicroElectronics are down marginally.

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U.S. Wholesale Inventories Dip In Line With Estimates In May

U.S. Wholesale Inventories Dip In Line With Estimates In May

A report released by the Commerce Department on Wednesday showed a modest decrease by wholesale inventories in the U.S. in the month of May. The Commerce Department said wholesale inventories fell by 0.3 percent in May after inching up by 0.1 percent in April. The pullback by inventories matched economist expectations as well as the flash estimate.

RTTNews | 1h 13min ago

Bay Street May Open On Positive Note

Bay Street May Open On Positive Note

Slightly higher Canadian and U.S. futures point to a marginally positive start for Canadian shares on Wednesday. The focus will be on trade deal negotiations.

RTTNews | 2h 35min ago

Yen Falls As Traders Speculate BoJ Rate Hike Pause

Yen Falls As Traders Speculate BoJ Rate Hike Pause

The Japanese yen weakened against other major currencies in the late Asian session on Wednesday, as traders reduced their bets on an immediate interest rate hike by the Bank of Japan (BoJ) due to worries about the possible economic effects of US President Donald Trump's trade tariffs.

RTTNews | 3h 30min ago

Malaysia Central Bank Cuts Policy Rate For First Time Since 2020

Malaysia Central Bank Cuts Policy Rate For First Time Since 2020

Malaysia's central bank lowered its key interest rate for the first time in five years on Wednesday to underpin economic growth amid the ongoing trade tariff uncertainty. The Monetary Policy Committee of Bank Negara Malaysia decided to reduce the Overnight Policy Rate by 25 basis points to 2.75 percent. The ceiling and floor rates of the corridor of the OPR were correspondingly reduced.

RTTNews | 3h 31min ago

FTSE 100 Modestly Higher

FTSE 100 Modestly Higher

The UK market remains firmly placed in positive territory a little past noon on Wednesday, holding gains after a steady start, amid rising optimism about the European Union striking a deal with the U.S. in the coming weeks.

RTTNews | 3h 48min ago

DAX Rises Sharply On US-EU Trade Deal Hopes

DAX Rises Sharply On US-EU Trade Deal Hopes

German stocks climbed up on Wednesday, lifting the benchmark DAX to a one-month high, as expectations of a US-European Union deal helped underpin sentiment.

RTTNews | 4h 27min ago

Sensex Drops 176 Points On Tariff Uncertainty; Nifty Dips Below 25,500

Sensex Drops 176 Points On Tariff Uncertainty; Nifty Dips Below 25,500

Indian shares fell modestly on Wednesday as uncertainty prevailed over U.S. President Donald Trump's tariff plans.

RTTNews | 5h 9min ago

NZ Dollar Falls After RBNZ Rate Decision

NZ Dollar Falls After RBNZ Rate Decision

The New Zealand dollar retreated from recent highs against other major currencies in the Asian session on Wednesday, after the Reserve Bank of New Zealand's (RBNZ) widely anticipated decision to maintain rates constant.

RTTNews | 6h 9min ago

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