CAC 40 Turns Weak After Positive Start; BNP Paribas Plunges 10%

RTTNews | Pred 9 dňami
CAC 40 Turns Weak After Positive Start; BNP Paribas Plunges 10%

(RTTNews) - French stocks are turning in a mixed performance on Monday with investors tracking corporate news, and digesting S&P Global Ratings' downgrade of France amid fiscal risk and uncertainty surrounding government's finances.

The benchmark CAC 40 was down 7.48 points or 0.09% at 8,166.72 a few minutes ago. The index had advanced to 8,239.67 earlier in the session.

BNP Paribas is plunging more than 10% after a US jury held the bank responsible for helping to sustain Sudan's brutal regime under deposed leader Omar al-Bashir. The panel awarded three plaintiffs more than $20 million in damages.

Credit Agricole is down 3.5% and Societe Generale is down by about 2.8%.

Veolia Environment is down 1.4%, while Orange, Vinci, Unibail Rodamco, Bouygues, AXA, Engie and TotalEnergies are down 0.5 to 1%.

Among the gainers, Kering is rising nearly 3.5%, after the company agreed to sell its beauty division to L'Oréal for €4 billion. L'Oreal shares are modestly higher.

Thales is up 2.5% and Safran is climbing up 2.1%. STMicroElectronics and Legrand are up 1.5% and 1.2%, respectively.

Airbus, Hermes International, Accor, Saint Gobain, ArcelorMittal, Michelin and Schneider Electric are up with moderate gains.

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Japanese Market Modestly Lower

Japanese Market Modestly Lower

The Japanese market is modestly lower in choppy trading on Thursday, reversing some of the sharp gains in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling well below the 51,150 level, with weakness in index heavyweights and automaker stocks partially offset by gains in financial and technology stocks.
RTTNews | Pred 1 h 15 min
China Bourse May Slip Beneath 4,000-Point Level

China Bourse May Slip Beneath 4,000-Point Level

The China stock market bounced higher again on Wednesday, one day after ending the three-day winning streak in which it had collected more than 80 points or 2 percent. The Shanghai Composite Index now sits just above the 4,015-point plateau although it may head south again on Thursday.
RTTNews | Pred 1 h 38 min
Australian Market Modestly Lower

Australian Market Modestly Lower

The Australian market is trading modestly lower on Thursday, adding to the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,900 level, with gains in iron ore miners and financial partially offset by weakness in technology stocks.
RTTNews | Pred 1 h 46 min
Taiwan Bourse May Remain Rangebound On Thursday

Taiwan Bourse May Remain Rangebound On Thursday

The Taiwan stock market has moved higher in two of three trading days since the end of the two-day slide in which it had slumped more than 220 points or 0.8 percent. The Taiwan Stock Exchange now sits just shy of the 28,300-point plateau although it may tick lower again on Thursday.
RTTNews | Pred 2 h 13 min
Singapore Shares May See Continued Consolidation

Singapore Shares May See Continued Consolidation

The Singapore stock market on Wednesday snapped the six-day winning streak in which it had jumped more than 120 points or 2.9 percent. The Straits Times Index now sits just above the 4,440-point plateau and it may take further damage on Thursday.
RTTNews | Pred 2 h 38 min
U.S. Dollar Climbs On Powell's Comments

U.S. Dollar Climbs On Powell's Comments

The U.S. dollar advanced against its major counterparts in the New York session on Wednesday, as Federal Reserve Chair Jerome Powell's comments triggered doubts about the likelihood of a rate cut in December.
RTTNews | Pred 2 h 54 min
Malaysia Stock Market May Spin Its Wheels On Thursday

Malaysia Stock Market May Spin Its Wheels On Thursday

The Malaysia stock market has finished lower in back-to-back sessions, slipping almost 7 points or 0.4 percent in that span. The Kuala Lumpur Composite Index now sits just above the 1,610-point plateau and it may remain stuck in neutral on Thursday.
RTTNews | Pred 3 h 8 min
Japan Bourse May See Mild Downside Correction

Japan Bourse May See Mild Downside Correction

The Japan stock market rebounded on Wednesday, one day after ending the two-day winning streak in which it had rallied more than 1,800 points or 3 percent. The Nikkei 225 now rests just above the 51,300-point plateau although it may run out of steam on Thursday.
RTTNews | Pred 3 h 23 min