CAC Up Over 0.5% Despite Paring Some Early Gains

RTTNews | 6小時1分鐘前
CAC Up Over 0.5% Despite Paring Some Early Gains

(RTTNews) - French stocks are gaining notable ground in positive territory on Monday amid easing concerns about U.S.-China trade tensions after President Donald Trump softened his stance on a potential 100% tariffs on Chinese goods.

Trump, who previously threatened to slap steep new tariffs on China, said over the weekend that everything would be "fine" and Washington was not looking to "hurt" China.

Meanwhile on the French political front, Prime Minister Sebastien Lecornu, who was reappointed on Friday, unveiled his cabinet amid budget turmoil that is scaring businesses and investors.

The benchmark CAC 40, which advanced to 7,995.49 earlier in the session, was up 41.00 points or 0.52% at 7,959.00 a few minutes ago.

Stellantis is up with a strong gain of 3.7%. STMicroElectronics is gaining 3.2%, while ArcelorMittal and Publicis Groupe are rising 2.35% and 2.15%, respectively.

Kering is climbing up 1.75%, while Hermes International, Legrand and Saint Gobain are up by about 1.5%.

Renault, Euronext, LVMH, Vinci and EssilorLuxottica are also notably higher.

Meanwhile, Thales, Michelin, Danone, Eurofins Scientific, Orange and BNP Paribas are down in negative territory, losing between 0.25 to 0.8%.

read more
Euro Falls Amid Ongoing French Political Concerns

Euro Falls Amid Ongoing French Political Concerns

The euro weakened against other major currencies in the European session on Monday, as investors in Europe remain cautious, as they await word from France's new administration.
RTTNews | 2小時29分鐘前
Euro Falls Against Majors

Euro Falls Against Majors

The euro weakened against other major currencies in the European session on Monday.
RTTNews | 3小時27分鐘前
Fastenal Q3 Profit Climbs, But Misses Market View; Stock Down

Fastenal Q3 Profit Climbs, But Misses Market View; Stock Down

Shares of Fastenal Co. were losing around 4 percent in the pre-market activity on the Nasdaq, after the company's's third-quarter profit missed market estimates, despite a growth. The provider of industrial and construction supplies recorded higher net sales, but inline with the Street view. Price contributed 240 to 270 basis points to growth, which was lower than expected.
RTTNews | 3小時41分鐘前
Dollar Surges As Euro, Yen Plunge

Dollar Surges As Euro, Yen Plunge

The U.S. Dollar rallied emphatically against major currencies during the week ended October 10 amidst political instability in France and Japan that undermined the euro and the yen.
RTTNews | 5小時5分鐘前
DAX Up Nearly 0.5% On Easing U.S.-China Trade Tensions

DAX Up Nearly 0.5% On Easing U.S.-China Trade Tensions

German stocks are up firmly in positive territory on Monday, with investors cheering U.S. President Donald Trump's conciliatory tone on trade with China. Trump, who previously threatened to slap steep new tariffs on China, said over the weekend that everything would be "fine" and Washington was not looking to "hurt" China.
RTTNews | 6小時20分鐘前
China Exports Log Strong Growth Despite Trade Tensions

China Exports Log Strong Growth Despite Trade Tensions

China's exports and imports logged notable growth in September as the world's second largest economy strengthened its trade ties with other nations amid escalating trade tensions with the US. Exports advanced 8.3 percent year-on-year in September, data from the customs office showed Monday. The annual rate was forecast to rise moderately to 6.0 percent from 4.4 percent in August.
RTTNews | 6小時36分鐘前