Advertisement
French Stocks Decline As Luxury Stocks Drag
(RTTNews) - French stocks fell sharply on Wednesday after luxury goods bellwether LVMH reported lower sales growth in the third quarter in a sign that the post-pandemic luxury boom is waning.
LVMH shares slumped 7 percent while peers Hermes and Kering fell 2-3 percent.
The benchmark CAC 40 was down 52 points, or 0.7 percent, at 7,109 after climbing around 2 percent the previous day on dovish Fed talk and reports of new Chinese stimulus.
Veolia edged up slightly on news the resource management company has bagged a contract worth over 2 billion euros in Hong Kong.
Accor S.A., a hospitality company, gained about 1 percent after launching a 400 million euros share buyback program.
read more
U.S. Producer Prices Jump Much More Than Expected In July
Producer prices in the U.S. increased by much more than expected in the month of July, the Labor Department revealed in a report released on Thursday.
RTTNews
|
10 минут назад
U.S. Weekly Jobless Claims Unexpectedly Edge Modestly Lower
The Labor Department released a report on Thursday unexpectedly showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 9th.
RTTNews
|
16 минут назад
Pound Rises On Upbeat U.K. GDP Data
The British pound strengthened against most major currencies in the European session on Thursday, as the U.K. economy rebounded at a faster-than-expected pace in June.
RTTNews
|
1ч 29мин назад
Deere Stock Drops On Revised FY25 Outlook, Even As Q3 Beats Street
Deere & Co. shares were losing around 8 percent in the pre-market activity on the NYSE, after the firm on Thursday trimmed the higher end of its fiscal 2025 profit outlook range after reporting weak results in its third quarter. The farm and construction equipment manufacturer noted that its customers remain cautious amid ongoing uncertainty. Meanwhile, quarterly earnings per share and top line be
RTTNews
|
1ч 45мин назад
FTSE Down Marginally As Stocks Turn In Mixed Performance
After posting gains in the previous three sessions, the U.K. market is exhibiting some weakness on Thursday, weighed down by losses in select mining, financials and energy stocks. Investors digesting the latest batch of earnings news and economic data.
RTTNews
|
1ч 55мин назад
Pound Rises Against Most Majors
The British pound strengthened against most major currencies in the European session on Thursday.
RTTNews
|
1ч 59мин назад
CAC Rises For 3rd Straight Session
French stocks are gaining ground in positive territory on Thursday, rising for the third consecutive session, amid hopes of an interest rate cut by the Federal Reserve next month, and expectations that the upcoming meeting between U.S. President Donald Trump and Russian President Vladimir Putin will help end the war in Ukraine.
RTTNews
|
2ч 22мин назад
Sensex, Nifty End Little Changed As Traders Eye US-Russia Talks
Indian shares ended marginally higher on Thursday, tracking mixed cues from global markets.
RTTNews
|
2ч 32мин назад
