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CAC 40 Rallies On Strong Earnings
(RTTNews) - French stocks rallied on Thursday, with Fed rate pause optimism and a slew of upbeat earnings boosting investor sentiment.
The benchmark CAC 40 was up 108 points, or 1.5 percent, at 7,423 after tumbling 1.4 percent in the previous session.
Aircraft manufacturer Airbus fell nearly 2 percent after reporting a fall in net profit in the first half of this year.
Ipsen rallied 3.5 percent after the pharmaceutical firm upgraded its 2023 outlook.
Lender BNP Paribas jumped 3.5 percent after an announcement that it will buy back shares starting next month.
Industrial gases firm Air Liquide added 1.5 percent as it reported a 32 percent jump in first-half net profit.
Jet engine maker Safran climbed 2.6 percent after raising its full-year outlook.
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Pound Drops On Tariff Concerns
The pound fell against its major counterparts in the New York session on Monday, amid rising trade tensions due to China and the U.S. accusing each other of violating trade agreement, and the Trump administration's announcement that it would double the tariffs on steel and aluminum imports to 50% from June 4th.
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50 minut temu
Swiss Market Ends Modestly Lower
The Switzerland market ended weak on Monday after languishing in negative territory almost right through the day's session as geopolitical tensions and tariff concerns weighed on sentiment.
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2g 54 minut temu
Major European Markets Close Weak On Tariff Jitters, Geopolitical Concerns
European stocks closed weak on Monday as rising trade tensions due to China and the U.S. accusing each other of violating trade agreement, and the Trump administration's announcement that it would double the tariffs on steel and aluminum imports to 50% from June 4th.
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3g 21 minut temu
Energy, Materials Stocks Shine As TSX Rises 0.5%
The Canadian market is up in positive territory a little past noon on Monday, lifted by gains in energy, materials and communications sectors, even as the mood remains cautious amid concerns about Sino-US trade tensions, and the Trump administration's announcement that it would increase the tariffs on imports of steel and aluminum to 50% from 25%.
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4g 35 minut temu
U.S. Construction Spending Unexpectedly Falls 0.4% In April
A report released by the Commerce Department on Monday unexpectedly showed a continued decrease by U.S. construction spending in the month of April. The Commerce Department said construction spending fell by 0.4 percent to an annual rate of $2.152 trillion in April after shrinking by 0.8 percent to a revised rate of $2.162 trillion in March.
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5g 0 minut temu
U.S. Manufacturing Index Unexpectedly Edges Down To Six-Month Low In May
A reading on U.S. manufacturing activity unexpectedly edged slightly lower in the month of May, according to a report released by the Institute for Supply Management on Monday. The ISM said its manufacturing PMI slipped to 48.5 in May from 48.7 in April, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 49.5.
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5g 42 minut temu
UK Manufacturing Sector Shrinks Sharply
The UK factory sector shrank further in May as the weak global demand, trade tensions and rising cost burdens weighed on production and new orders, the purchasing managers' survey results from S&P Global showed on Monday. The final manufacturing PMI rose to a three-month high of 46.4 in May from 45.4 in April. The reading was also above the flash estimate of 45.1.
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6g 56 minut temu
Eurozone Manufacturing Activity Contraction Slows
Euro area factory activity fell at the slowest pace in more than two years in May, signaling a gradual progress towards recovery, final results of the purchasing managers' survey from S&P Global showed on Monday. The HCOB final manufacturing Purchasing Managers' Index rose to 49.4 in May, in line with the flash estimate, from 49.0 in April.
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7g 12 minut temu
