CAC Moderately Higher As Stocks Recover From Recent Setback

RTTNews | 2 days ago
CAC Moderately Higher As Stocks Recover From Recent Setback

(RTTNews) - The French stock market is up firmly in positive territory on Monday with several counters from across various sectors attracting buyers after last week's decline following a sweeping tariff announcement from U.S. President Donald Trump.

The benchmark CAC 40 was up 59.50 points or 0.8% at 7,605.66 a few minutes ago.

Unibail Rodamco is gaining 2.3%. AXA is up nearly 2%, while Safran, Societe Generale, BNP Paribas and STMicroElectronics are up 1.5 to 1.8%.

Saint Gobain, Societe Generale, Vinci, Airbus, Air Liquide and Bouygues are advancing 1 to 1.4%.

Credit Agricole, TotalEnergie, L'Oreal, Danone, Veolia Environment and Michelin are up with moderate gains.

Vivendi is down by about 3.4%. Kering is down 2%, while Teleperformance, Engie and EssilorExottica are modestly lower.

In economic news, data showed Eurozone investors' morale deteriorated sharply in August.

The Eurozone Sentix Investor Confidence Index fell to -3.7 in August from 4.5 in July, turning negative for the first time in four months.

read more
China Exports Growth Accelerates; Imports Rise Unexpectedly

China Exports Growth Accelerates; Imports Rise Unexpectedly

China's exports logged a robust growth in July as the sharp decline in shipments to the US was offset by the rise in exports to the EU and other markets, official data revealed Thursday. Exports surged 7.2 percent on a yearly basis, following June's 5.8 percent increase, the customs office reported. Exports were forecast to climb 5.4 percent.
RTTNews | 37 minutes ago
UK House Prices Rise At Fastest Pace In 6 Months

UK House Prices Rise At Fastest Pace In 6 Months

UK house prices grew at the fastest pace in six months in July as the property market started to stabilize following the end of the stamp duty holiday, data from the mortgage lender Halifax showed on Thursday. House prices increased by more-than-expected 0.4 percent in July from June. Prices were expected to grow at a steady pace of 0.1 percent in July. Moreover, this was the fastest growth sinc
RTTNews | 1h 16min ago
German Exports Recover In June

German Exports Recover In June

Germany's exports grew for the first time in three months in June despite falling shipments to the US, data from Destatis revealed Thursday. Exports advanced 0.8 percent on a monthly basis in June, reversing a fall of 1.4 percent in May. Shipments were expected to rise 0.5 percent. Reflecting the impact of higher tariff, exports to the United States dropped 2.1 percent on a monthly basis.
RTTNews | 1h 47min ago
European Economic News Preview: BoE Likely To Cut Rates

European Economic News Preview: BoE Likely To Cut Rates

The Bank of England is widely expected to cut its interest rates for the fifth time in a year to support the economy even as inflation continued to stay stubbornly above the target. Markets anticipate a quarter-point cut, bringing the bank rate to 4.00 percent, which will be the lowest since early 2023.
RTTNews | 2h 52min ago
European Shares Poised For Mixed Open

European Shares Poised For Mixed Open

European stocks are seen opening on a mixed note Thursday after U.S. President Donald Trump announced he will impose a 100 percent tariff on imports of semiconductors and chips, with exemptions for companies relocating production to the U.S.
RTTNews | 3h 18min ago