CAC 40 Down Nearly 0.5% As Investors Focus On Earnings

RTTNews | 5 gün önce

(RTTNews) - The French stock market is down in negative territory a little past noon on Thursday with investors largely reacting to corporate earnings announcements, and the latest batch of regional economic data.

The benchmark CAC 40 was down 35.70 points or 0.44% at 8,038.53 a few minutes ago.

Legrand is tanking nearly 10% after the company's results for the first nine months of the year fell short of expectations. The company reported sales of 6.97 billion euros in the nine-month period ended September, less than an expected 7.03 billion euros.

Teleperformance is down more than 6% after reporting a drop in third quarter revenue and lowering its annual targets.

Pernod Ricard is down 2%, while L'Oreal, Schneider Electric, Kering, Airbus, Dassault Systemes and Essilor Luxottica are down 1 to 1.6%.

TotalEnergies, Safran, Saint Gobain, AXA, Hermes International and Euronext are down with modest losses.

ArcelorMittal is rising more than 4% after it reported a 31.35% jump in net income in the September quarter.

Publicis Groupe is gaining 1.9% and Veolia Environment is up 1.85%. STMicroElectronics is up 1.7%, while Engie and Stellantis are up 1.25% from previous closing levels.

Orange, Carrefour, Michelin, LVMH, Bouygues, Unibail Rodamco and Societe Generale are up with modest gains.

On the economic front, data from S&P Global showed that the HCOB Construction PMI in France fell to 39.8 in October from 42.9 in September, signaling a faster pace of decline in activity and extending the sector's downturn to 41 months.

Data published by Eurostat showed Eurozone retail sales declined for the second straight month in September, dropping by 0.1% on a monthly basis, the same in August. Meanwhile, economists had expected a rebound of 0.2%.

Year-on-year, retail sales growth moderated to 1% from 1.6% in August, in line with expectations.

Swiss Market Ends On Buoyant Note Amid Hopes Of Striking Deal For Lower Tariffs

The Switzerland market closed on a strong note on Tuesday, gaining in strength consistently after opening modestly higher. Investors picked up stocks amid hopes Switzerland will strike a deal with the U.S. to lower tariffs.

RTTNews | 4s 43 dakika önce

European Markets Close On Firm Note

European stocks closed on a positive note on Tuesday as the passage of a short-term funding bill late Monday raised the possibility of the longest government shutdown in U.S. history coming to an end soon.

RTTNews | 5s 5 dakika önce

Bay Street May Open Higher Again

Canadian stocks may open higher on Tuesday, riding on firm commodity prices. The passage of a short-term funding bill late Monday to end the longest government shutdown in U.S. history, is likely to aid sentiment.

RTTNews | 9s 12 dakika önce

UK Unemployment Rate Highest Since 2021

The UK unemployment rate increased to the highest since early 2021 in the third quarter, raising chances of an interest rate cut, official data revealed on Tuesday. The ILO jobless rate rose to 5.0 percent in the third quarter from 4.8 percent in the three months to August, the Office for National Statistics said. The rate was above economists' forecast of 4.9 percent.

RTTNews | 10s 7 dakika önce

FTSE 100 Rises On Rate Cut Hopes; Vodafone Group Moves Up Sharply

U.K.'s FTSE 100 index has moved up sharply on Tuesday, amid hopes of a rate cut by the Bank of England next month after data showed an increase in the nation's unemployment rate in the third quarter. The passage of a short-term funding bill late Monday to end the longest government shutdown in U.S. history is also aiding sentiment.

RTTNews | 10s 24 dakika önce

CAC 40 Up 0.6%; Hermes International, LVMH Among Top Gainers

French stocks are up firmly in positive territory on Tuesday, extending gains from the previous session, following the passage of a short-term funding bill late Monday to end the longest government shutdown in U.S. history.

RTTNews | 10s 51 dakika önce

DAX Up Marginally As Mood Remains Positive After Passage Of U.S. Short-term Spending Bill

The German market is up in positive territory on Tuesday, as the undertone remains firm following the U.S. Senate passing a short-term funding bill late Monday to end the longest government shutdown in U.S, history.

RTTNews | 11s 16 dakika önce

German Economic Confidence Weakens In November

German economic confidence weakened moderately in November as investors became concerned about the ability of economic policies to address its key issues, a monthly survey conducted by the think tank ZEW showed Tuesday. The economic sentiment index fell unexpectedly to 38.5 in November from 39.3 in the previous month. The reading was forecast to rise to 41.0.

RTTNews | 11s 49 dakika önce

EURUSD	1.15839	GBPUSD	1.31483	AUDUSD	0.65162
USDJPY	154.109	USDCAD	1.4009	USDCHF	0.79945