CAC 40 Flat In Lackluster Trade

RTTNews | 10 gün önce
CAC 40 Flat In Lackluster Trade

(RTTNews) - French stocks are moving in a tight range on Tuesday as investors continue to closely follow the developments on the tariff front after U.S. President Donald Trump's threat that he would impose a 30% tariff on EU imports from August 1.

China's economic growth data, and reports on German consumer sentiment and eurozone industrial production are aiding sentiment.

The benchmark CAC 40 was at 7,808.39 a little while ago, up slightly from Monday's close. The index touched a high of 7,804.78 and a low of 7,836.13.

Teleperformance is gaining 2.7% and Stellantis is up nearly 2.5%. Edenred, Capgemini, Renault, Legrand, Kering, LVMH, STMicroElectronics, Publicis Groupe and Pernod Ricard are advancing 1 to 1.8%.

Schneider Electric, Saint Gobain, ArcelorMittal, Dassault Systemes and Michelin are up with moderate gains.

Thales is down nearly 2.5%. Orange and L'Oreal are down 1.4% and 1.1%, respectively. Veolia Environment, Bouygues, Societe Generale, Credit Agricole, Vinci and Engie are also weak.

Eurozone industrial production recovered in May, underpinned by strong rebound in non-durable consumer goods output, data from Eurostat showed.

Industrial output grew at a faster-than-expected pace of 1.7% on a monthly basis in May, in contrast to the 2.2% decrease in April. Economists had forecast a 0.6% rise.

On a yearly basis, growth in industrial production accelerated to 3.7% from 0.2% in the previous month. Output was forecast to climb 2.9%.

Industrial production in the EU27 climbed 1.5% month-on-month in May and expanded 3.4% from the previous year.

read more
Russia Slashes Interest Rates Again On Easing Price Pressures

Russia Slashes Interest Rates Again On Easing Price Pressures

Russia's central bank lowered the key interest rate massively for a second policy session in a row on Friday after policymakers assessed that inflationary pressures are declining and the economy is on a return to balanced growth.
RTTNews | 49 dakika önce
Bay Street Seen Opening With Negative Bias

Bay Street Seen Opening With Negative Bias

Canadian shares are likely to open with a slightly negative bias Friday morning, weighed down by uncertainty about tariffs, and lower bullion prices. Investors are also likely to react to earnings updates. The market is likely to move in a tight range for much of the day's trading session.
RTTNews | 1s 59 dakika önce
UK Retail Sales Rebound As Warm Weather Boosts Spending

UK Retail Sales Rebound As Warm Weather Boosts Spending

UK retail sales recovered in June as warm weather boosted consumer spending but consumer sentiment weakened amid fears of possible tax rate hikes, data showed Friday. Retail sales grew 0.9 percent on a monthly basis, in contrast to the revised 2.8 percent drop in May, the Office for National Statistics reported. However, this was weaker than economists' forecast of 1.2 percent gain.
RTTNews | 2s 16 dakika önce
FTSE 100 Sheds Ground After Six-day Winning Streak

FTSE 100 Sheds Ground After Six-day Winning Streak

After posting gains in the previous six sessions, the U.K. market is down in negative territory on Friday with data showing a less than expected increase in retail sales, and a drop in consumer sentiment weighing on stocks.
RTTNews | 2s 30 dakika önce
Volkswagen Stock Up On Volume Growth, Despite Weak Q2 Profit, Outlook Cut

Volkswagen Stock Up On Volume Growth, Despite Weak Q2 Profit, Outlook Cut

Shares of Volkswagen Group were gaining around 4 percent in the German trading after the automajor reported Friday slightly higher sales volume in the second quarter, even though profit and revenues were lower and the firm trimmed fiscal 2025 outlook. The latest results were hit partly by higher sales of lower-margin all-electric models, as well as increased US import tariffs and restructuring...
RTTNews | 3s 55 dakika önce
CAC 40 Pares Early Losses, Up Marginally

CAC 40 Pares Early Losses, Up Marginally

French stocks are a bit subdued in cautious trade on Friday amid a few disappointing earnings updates, and some uncertainty about U.S.-EU trade deal ahead of the August 1 deadline.
RTTNews | 4s 4 dakika önce
Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against most major currencies in the European session on Friday.
RTTNews | 4s 29 dakika önce