CAC 40 Up Sharply On Trump's Tariff Pause Announcement

RTTNews | Pred 109 dňami
CAC 40 Up Sharply On Trump's Tariff Pause Announcement

(RTTNews) - French stocks are high up in positive territory on Thursday with U.S. President Donald Trump's announcement of a 90-day suspension of reciprocal tariffs for most trading partners, excluding China, buoying up sentiment and prompting investors to indulge in hectic buying across the board.

European Commission President Ursula von der Leyen welcomed Trump's move and said the halt on reciprocal tariffs is "an important step towards stabilizing the global economy. Clear, predictable conditions are essential for trade and supply chains to function."

The benchmark CAC 40, which soared about 521 points to 7,384.47 earlier in the session, was up 347.06 points or 5.06% at 7,210.08 a few minutes ago.

Publicis Groupe is soaring nearly 10%. STMicroElectronics is surging 9.5%, while Saint Gobain, Stellantis, BNP Paribas and Societe Generale are up 8 to 9%.

Unibail Rodamco, Safran, ArcelorMittal, Accor, Essilor, Kering, Airbus, AXA, Dassault Systemes, LVMH, Teleperformance, Capgemini, Schneider Electric and Credit Agricole are gaining 5 to 7%.

Veolia Environment, Edenred, Air Liquide, TotalEnergies, Hermes International, Renault, L'Oreal, Vinci, Pernod Ricard, Sanofi, Legrand, Bureau Veritas, Carrefour, Michelin and Bouygues are also up sharply.

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Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian stock market is trimming is early losses in mid-market trading on Tuesday, reversing the slight gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well below the 8,700 level, with weakness in financial and technology stocks partially offset by some gains in energy stocks.
RTTNews | Pred 2 h 32 min
Asian Markets Trade Mostly Lower

Asian Markets Trade Mostly Lower

Asian stock markets are trading mostly lower on Tuesday, following the mixed cues from Wall Street overnight, as traders remain cautious ahead of the U.S. interest rate decision later in the week and as they await the outcome of the U.S.-China trade talks. Meanwhile, several European leaders voiced concerns over the EU-U.S. trade deal, calling it 'lopsided' and 'unsustainable'.
RTTNews | Pred 2 h 39 min
Thai Shares Likely To Remain Rangebound

Thai Shares Likely To Remain Rangebound

Ahead of Monday's holiday for King Maha's birthday, the Thai stock market had alternated between positive and negative finishes through the last four trading days since the end of the three-day winning streak in which it had spiked more than 50 points or 4.1 percent. The Stock Exchange of Thailand now sits just above the 1,215-point plateau and it's expected to remain in that neighborhood again on Tuesday.
RTTNews | Pred 3 h 55 min
Japanese Market Significantly Lower

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, extending the losses in the previous two sessions, following the mixed cues from Wall Street overnight, with the Nikkei 225 falling well above the 39,700 level, with weakness across all sectors led by automakers, exporters and financial stocks.
RTTNews | Pred 4 h 25 min
Win Streak May End For Indonesia Stock Market

Win Streak May End For Indonesia Stock Market

The Indonesia stock market has moved higher in four straight sessions, advancing more than 260 points or 2.8 percent along the way. The Jakarta Composite Index now sits just above the 7,610-point plateau although investors are likely to cash in on Tuesday.
RTTNews | Pred 4 h 25 min