CAC 40 Up More Than 1%

RTTNews | 64 days ago
CAC 40 Up More Than 1%

(RTTNews) - After three successive days of losses, the French market is gaining some notable ground in positive territory on Thursday thanks to rising optimism about a trade deal.

Investors, digesting recent corporate earnings updates, and the Federal Reserve's policy announcement, are also awaiting the monetary policy announcements from the Bank of England.

Optimism on the trade front has increased after the U.S. President Donald Trump said that he would soon announce "a major trade deal with representatives of a big and highly respected country."

According to reports, the U.S. President is likely to announce a framework of a trade deal with the U.K. Meanwhile, representatives of the U.S. and China are set to meet in Switzerland this weekend for trade talks.

The benchmark CAC 40 was up 82.17 points or 1.08% at 7,709.01 a few minutes ago.

Stellantis, STMicroElectronics, Teleperformance and Legrand are gaining 3.2 to 4%. Renault is up nearly 3%, while Safran, Schneider Electric and Capgemini are up 2.7 to 2.8%.

Accor is advancing 2.3%. LVMH, Airbus, Hermes International, Dassault Systemes, Kering, Bureau Veritas, L'Oreal and Publicis Groupe are also up with impressive gains.

Among the losers, Engie is down 1.4% and Orange is down 1%. Bouygues, Danone and Carrefour are modestly lower.

read more
Swiss Market Ends Sharply Lower

Swiss Market Ends Sharply Lower

The Switzerland market closed weak on Friday, tracking weak global cues after U.S. President Donald Trump's latest tariff moves raised fears of a global trade war.
RTTNews | 1h 18min ago
European Stocks Close Weak As Trade War Fears Hurt Sentiment

European Stocks Close Weak As Trade War Fears Hurt Sentiment

European stocks closed lower on Friday as trade war fears resurfaced after U.S. President Donald Trump announced a 35% tariff on Canadian goods, effective August 1, 2025, and warned of a blanket tariff of 15-20% on most trading partners.
RTTNews | 1h 35min ago
Canadian Market Remains Weak On Tariff Concerns

Canadian Market Remains Weak On Tariff Concerns

After a weak start and a subsequent drop to lower levels, the Canadian market continues to languish in negative territory a little past noon on Friday. The mood is cautious amid escalating trade war fears following U.S. President Donald Trump announced a 35% tariff on all non-USMCA Canadian imports, effective August 1.
RTTNews | 2h 14min ago
Bay Street Likely To Open Lower

Bay Street Likely To Open Lower

Canadian shares look headed for a weak start on Friday due to trade war concerns, although fairly firm crude oil and bullion prices may help limit the market's downside. Data showing an increase in Canadian employment in the month of June and a drop in the unemployment rate may also aid sentiment a bit.
RTTNews | 5h 57min ago
Pound Falls As U.K. Economy Contracts For Second Straight Month

Pound Falls As U.K. Economy Contracts For Second Straight Month

The British pound weakened against other major currencies in the European session on Friday, as the UK economy shrank for the second consecutive month in May, adding challenges to Chancellor Rachel Reeves in achieving her self-imposed borrowing rules.
RTTNews | 6h 4min ago
Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the European session on Friday.
RTTNews | 6h 27min ago
Yen Retreats Amid US-Japan Trade Uncertainty

Yen Retreats Amid US-Japan Trade Uncertainty

The Japanese yen retreated from early highs against other major currencies in the European session on Friday, amid concerns on US-Japan relations in light of Trump's placement of a 25 percent tariff on Japanese exports this week, which will go into force on August 1.
RTTNews | 7h 16min ago