CAC 40 Slips On Mixed Earnings

RTTNews | 563 วันที่ผ่านมา
CAC 40 Slips On Mixed Earnings

(RTTNews) - French stocks traded lower on Friday, with heighted geopolitical tensions in the Middle East, Fed rate uncertainty and mixed earnings results weighing on investor sentiment. The benchmark CAC 40 was down 19 points, or 0.3 percent, at 7,646 after climbing 0.7 percent on Thursday.

Orange dropped half a percent. The telecoms firm reported that its loss before taxation for fiscal year 2023 was 2.2 million euros compared to profit of 81.6 million euros in the prior year.

Hermes International soared 5 percent. The luxury design house announced plans to raise prices after posting solid Q4 results.

L'Oreal slumped 6 percent after reporting lower-than-expected fourth-quarter sales. Video game Ubisoft jumped 15 percent after beating its sales targets in Q3.

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Bay Street May Open On Weak Note

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Canadian shares may open on a weak note Monday morning, tracking lower metal prices and European stocks. However, energy stocks may find support on higher oil prices, and help limit market's downside.
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Dollar Extends Losses Amidst Powell's Dovish Surprise

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CAC 40 Down Nearly 0.6% In Cautious Trade

CAC 40 Down Nearly 0.6% In Cautious Trade

French stocks remain in negative territory on Monday, with investors mostly making cautious moves, looking for some more clarity on U.S. - EU trade deal, and awaiting crucial inflation data from the region.
RTTNews | 2 ชม. 25 นาทีที่ผ่านมา
DAX Modestly Lower As Investors Wait For Directional Clues

DAX Modestly Lower As Investors Wait For Directional Clues

The German market is languishing in negative territory after a weak start on Monday as investors remain a bit reluctant to pick up stocks, choosing to wait for crucial inflation data from several major countries in Europe.
RTTNews | 2 ชม. 58 นาทีที่ผ่านมา
Antipodean Currencies Traded Higher Amid Risk-on Mood

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The antipodean currencies such as the Australia and New Zealand dollars strengthened against their major currencies in the Asian session on Monday, as Asian stock markets traded higher, on an improved outlook for interest rates after US Fed Chair Jerome Powell's dovish comments at the conference in Jackson Hole on Friday. Powell said economic risks are 'shifting' and a rate cut may be warranted.
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