CAC 40 Modestly Lower In Cautious Trade

RTTNews | 155 дней спустя
CAC 40 Modestly Lower In Cautious Trade

(RTTNews) - French stocks are down Wednesday morning on a fresh round of selling by investors ahead of U.S. President Donald Trump's "reciprocal tariff" announcement later in the day.

The market gained some ground on Tuesday after few weak sessions, but the mood has turned cautious today amid fears the U.S. President's trade policies might push up inflation and hurt global economic growth.

The new tariff rates will take effect immediately after they are announced by U.S. President Donald Trump at 2000 GMT.

The benchmark CAC 40, which dropped to 7,811.00 in early trades, was down 33.32 points or 0.42% at 7,843.04 a few minutes ago.

Airbus is down more than 2.5%. Sanofi is declining 2.4% and Edenred is down by about 2.2%. Societe Generale is down nearly 2%.

BNP Paribas and Thales are down 1.8% and 1.7%, respectively. Capgemini, Michelin and Safran are declining 0.9 to 1%. ArcelorMittal, Essilor and Eurofins Scientific are modestly lower.

Engie is up nearly 2%. Pernod Ricard, Carrefour, Kering and AXA are gaining 1 to 1.25%.

Dassault Systemes, L'Oreal, Vinci, Bouygues, Publicis Groupe, Renault, Hermes International, Air Liquide and Stellantis are up with modest gains.

On the economic front, data showed France's government budget deficit narrowed to EUR 40.3 billion in February 2025 from EUR 44.0 billion in the corresponding period of the previous year. Total revenues rose 12.6% year-on-year to EUR 45.2 billion, while expenditures increased at a softer 3.6% to EUR 77.8 billion.

read more
Swiss Franc Falls Against Majors

Swiss Franc Falls Against Majors

The Swiss franc dropped against its major counterparts in the New York session on Thursday.
RTTNews | 54 минут назад
Canadian Market Looks Headed For Another Positive Close

Canadian Market Looks Headed For Another Positive Close

The Canadian market is firmly placed in positive territory Thursday afternoon, thanks largely to a fine performance by several technology stocks, and a few frontline stocks from consumer discretionary, real estate, communications and financials sectors.
RTTNews | 3ч 28мин назад
Swiss Market Closes On Buoyant Note

Swiss Market Closes On Buoyant Note

The Switzerland market closed on a strong note on Thursday, in line with most of the markets across Europe, amid rising expectations of a rate cut by the Federal Reserve, and easing concerns about tariffs.
RTTNews | 4ч 3мин назад
European Stocks Close Higher Ahead Of Crucial U.S. Jobs Data

European Stocks Close Higher Ahead Of Crucial U.S. Jobs Data

European stocks closed mostly higher on Thursday, with most of the markets in the region gaining for a second straight day amid cooling bond markets. Still, the mood in the markets remained a bit cautious with investors looking ahead to crucial U.S. non-farm payroll data on Friday.
RTTNews | 4ч 39мин назад
U.S. Services Index Climbs To Six-Month High In August

U.S. Services Index Climbs To Six-Month High In August

Service sector growth in the U.S. accelerated by more than anticipated in the month of August, according to a report released by the Institute for Supply Management on Thursday. The ISM said its services PMI rose to 52.0 in August from 50.1 in July, with a reading above 50 indicating growth. Economists had expected the index to inch up to 50.5.
RTTNews | 7ч 6мин назад
U.S. Labor Productivity Surges 3.3% In Q2, Much More Than Previously Estimated

U.S. Labor Productivity Surges 3.3% In Q2, Much More Than Previously Estimated

A report released by the Labor Department on Thursday showed labor productivity in the U.S. surged by much more than previously estimated in the second quarter of 2025. The Labor Department said labor productivity shot up by 3.3 percent in the second quarter compared to the previously reported 2.4 percent jump. Economists had expected the increase in labor productivity to be unrevised.
RTTNews | 7ч 24мин назад
U.S. Trade Deficit Widens More Than Expected As Imports Spike

U.S. Trade Deficit Widens More Than Expected As Imports Spike

With the value of imports spiking, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened more than expected in the month of July. The Commerce Department said the trade deficit shot up to $78.3 billion in July from a revised $59.6 billion in June. Economists had expected the trade deficit to increase to $75.7 billion.
RTTNews | 7ч 53мин назад
U.S. Jobless Claims Rise More Than Expected To Two-Month High

U.S. Jobless Claims Rise More Than Expected To Two-Month High

A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 30th. The Labor Department said initial jobless claims climbed to 237,000, an increase of 8,000 from the previous week's unrevised level of 229,000.
RTTNews | 7ч 58мин назад