CAC 40 Inches Higher Despite Mixed Earnings
(RTTNews) - French stocks were moving higher on Tuesday, as investors digested a slew of earnings updates and looked ahead to the policy meetings by the European Central Bank and Federal Reserve for directional cues.
The benchmark CAC 40 was up 22 points, or 0.4 percent, at 6,154 as Treasury yields dropped for a second day running amid growing bets that a pronounced economic slowdown will push the Federal Reserve into softening its hawkish stance after a 75-points rate hike in November.
Remy Cointreau shares slumped 6.6 percent after the spirits firm said that sales and profit growth in the second half would be slower than the first half.
Air Liquide jumped 3.6 percent. After delivering significantly higher revenue in the third quarter, the industrial gases company said it is confident in its ability to further increase its operating margin and to deliver recurring net profit growth, at constant exchange rates.
Indian Rupee Falls To More Than 4-week Low On Tariff Worries
Antipodean Currencies Fall Amid Risk-off Mood
NZ Dollar Slides Against Majors
Australian Dollar Falls Against Majors
European Shares Poised For Weak Start As Fed Rate Cut Hopes Fade
Sensex, Nifty Deep In The Red On Tariff Worries
Australian Market Extends Early Losses In Mid-market
