CAC 40 Modestly Lower In Cautious Trade

RTTNews | 209 dias atrás

(RTTNews) - French stocks are moving in a narrow range in cautious trades Wednesday morning amid lingering uncertainty about the Trump administration's trade policies.

It is feared that the United States' spat with China, the second largest economy, will significantly hurt global growth outlook and adversely impact corporate earnings.

The benchmark CAC 40 was down at 22.85 points or 0.29% at 7,883.55 a few minutes ago.

Renault is down more than 2.5%. Vivendi, STMicroElectronics, Pernod Ricard and Michelin are lower by 1.5 to 1.8%.

BNP Paribas, Legrand, LVMH, L'Oreal, Stellantis, Schneider Electric, Edenred, Thales, Veolia Environment and Bouygues are declining by 0.5 to 1%.

TotalEnergies is up 1.1%. The company raised dividend and maintained the pace of share buybacks despite reporting a drop in fourth-quarter earnings.

Lender Credit Agricole is gaining 1.5% after reporting better-than-expected earnings on higher revenue in the final quarter of 2024.

Publicis Groupe is gaining 2.3% and ArcelorMittal is up 1.1%, while Unibail Rodamco is advancing 0.75%.

In economic news, the HCOB France Composite PMI for January 2025 was revised down to 47.6, from the flash estimate of 48.3, just above December's 47.5. That marks the fifth consecutive monthly contraction in output.

Both manufacturing and services contributed to the downturn in economic activity in January, with manufacturing sector declining at a slower pace. The manufacturing PMI came in with a score of 45 for January, compared to 41.9 in December 2024. The services PMI came in at 48.2 for January, down from 49.3 in December.

France's industrial production fell 0.4% month-on-month in December 2024, following a downwardly revised 0.1% increase in November. The drop was driven by a 0.7% contraction in manufacturing output.

The HCOB Eurozone Composite PMI rose to 50.2 in January of 2025 from 49.6 in the previous month, in line with the preliminary estimate and ahead of expectations of 49.7.

The services sector PMI came in at 51.3 for January, down from 51.6 in December 2024, while the manufacturing sector PMI score came in at 46.6, compared to 45.1 in December.

Japan Stock Market May Hand Back Tuesday's Gains

The Japanese stock market on Tuesday ended the two-day losing streak in which it had dropped almost 650 points or 1.4 percent. The Nikkei 225 now sits just above the 42,310-point plateau although it may see renewed consolidation on Wednesday.

RTTNews | 14 minutos atrás

South Korea Shares May Head South Again On Wednesday

The South Korea stock market on Tuesday ended the two-day slide in which it had given up mor than 50 points or 1.6 percent. The KOSPI now rests just above the 3,170-point plateau although it's expected to turn lower again on Wednesday.

RTTNews | 30 minutos atrás

Australia GDP Data Due On Wednesday

Australia will on Wednesday release Q2 figures for gross domestic product, highlighting a modest day for Asia-Pacific economic activity. GP is expected to rise 0.5 percent on quarter and 1.6 percent on year, up from 0.2 percent on quarter and 1.3 percent on year in the three months prior.

RTTNews | 1 h 30 min atrás

U.S. Dollar Climbs Amid Rising Treasury Yields

The U.S. dollar strengthened against its major counterparts in the New York session on Tuesday, as investors awaited upcoming nonfarm payrolls data.

RTTNews | 1 h 56 min atrás

Swiss Shares Extend Losing Streak

The Swiss stock market closed under pressure again on Tuesday, stretching its losing streak to three sessions while giving up more than 130 points or 1.1 percent in that span.

RTTNews | 6 h 42 min atrás

Eurozone Inflation Path Suggests ECB Unlikely To Cut Rates Further

Euro area inflation modestly accelerated to a four-month high, and the core figure was steady around the 2 percent target in August as a slight slowing in both food price growth and services inflation was offset by a smaller decline in energy prices, which suggests that the European Central Bank is set to hold interest rates steady in future policy sessions.

RTTNews | 6 h 48 min atrás

European Markets Finish In The Red On Tuesday

The major European markets finished firmly under water on Tuesday after Eurostat data showed Eurozone inflation rose to 2.1 percent last month, climbing above the European Central Bank's 2 percent target for the first time since April driven by higher prices for food, alcohol and tobacco.

RTTNews | 6 h 55 min atrás

U.S. Construction Spending Unexpectedly Edges Lower In July

A report released by the Commerce Department on Tuesday showed construction spending in the U.S. unexpectedly edged slightly lower in the month of July. The Commerce Department said construction spending slipped by 0.1 percent to an annual rate of $2.139 trillion in July after falling by 0.4 to a revised rate of $2.141 trillion in June.

RTTNews | 8 h 55 min atrás

EURUSD	1.16338	GBPUSD	1.3385	AUDUSD	0.65182
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