CAC 40 Recovers After Early Setback, But Remains Weak

RTTNews | 24 ngày trước

(RTTNews) - After an early setback that resulted in the benchmark CAC 40 losing over 100 points, the French market recovered and briefly moved above the flat line on Friday.

Concerns about high tech valuations have resurfaced despite US chipmaker Nvidia's strong earnings and update. Uncertainty about Federal Reserve's interest rate move in December also hurt the market early on. However, flash estimates showing an expansion in French services sector activity aid sentiment.

The CAC 40, which tumbled to 7,875.87 at the start, climbed to 7,982.08 before drifting down to 7,958.92 a few minutes ago, down 22.10 points or 0.28% from previous close.

Pernod Ricard is rising 3.75%, and Euronext is gaining 3.5%. L'Oreal is up nearly 2%, while Capgemini, Kering, Stellantis and Vinci are up 1.3 to 2%.

Dassault Systemes, Publicis Groupe, Hermes International, Orange, Edenred, Danone and AXA are gaining 1 to 1.25%.

ArcelorMittal, Thales and Legrand are down 2 to 2.25%. Schneider Electric, Societe Generale, Safran, EssilorLuxottica and STMicroElectronics are also notably lower.

France's private sector economy broadly stabilized in November driven by a fresh rise in services activity, flash survey results from S&P Global revealed.

The HCOB composite output index rose more-than-expected to a 15-month high of 49.9 in November from 47.7 in October. The reading was seen at 48.1.

The service sector registered its first expansion in activity in 15 months, with the PMI score coming in a t 50.8 in November, up from 48.0 a month earlier. Meanwhile, the factory PMI dropped unexpectedly to 47.8 from 48.8 in the prior month. The score was forecast to rise to 49.0.

Data from the statistical office INSEE showed French manufacturing confidence weakened in November after strengthening in the previous month.

The manufacturing confidence index dropped to 98.0 in November from 100.9 in October, which was the highest since March 2024. The reading was forecast to drop to 100.

Thai Stock Market May See Profit Taking On Tuesday

The Thai stock market has finished higher in two straight sessions, advancing almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,270-point plateau although it's likely to spin its wheels on Tuesday.

RTTNews | 1h 33phút trước

Indonesia Shares May Open Under Water On Tuesday

The Indonesia stock market has alternated between positive and negative finishes through the last nine trading days since the end of the two-day winning streak in which it had picked up almost 110 points or 1.3 percent. The Jakarta Composite Index now sits just beneath the 8,650-point plateau and it's looking at another soft start on Tuesday.

RTTNews | 2h 3phút trước

Lower Open Anticipated For Hong Kong Stock Market

The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day slide in which it had tumbled more than 640 points or 2.6 percent. The Hang Seng Index now sits just beneath the 25,630-point plateau and it's expected to open under pressure again on Tuesday.

RTTNews | 2h 18phút trước

Japanese Market Notably Lower

The Japanese stock market is trading notably lower on Tuesday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 49,800 level, with weakness across most sectors led by index heavyweights and exporter stocks.

RTTNews | 2h 20phút trước

China Stock Market Tipped To Open In The Red On Tuesday

The China stock market headed south again on Monday, one session after ending the three-day losing streak in which it had slipped more than 50 points or 1.3 percent. The Shanghai Composite Index now sits just beneath the 3,870-point plateau and it may extend its losses on Tuesday.

RTTNews | 2h 33phút trước

Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Tuesday, reversing some of the losses in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving to near the 8,650 level, with gains in mining and financial stocks partially offset by weakness in energy and technology stocks.

RTTNews | 2h 43phút trước

Japan Composite Index Ebbs In December - S&P Global

Japan's composite index continued to expand in December, albeit at a slower pace, the latest survey from S&P Global revealed on Tuesday with a composite PMI score of 51.5.

RTTNews | 2h 59phút trước

Taiwan Shares May Extend Monday's Losses

The Taiwan stock market has alternated between positive and negative finishes through the last five trading days since the end of the five-day winning streak in which it had jumped almost 950 points or 3.5 percent. The Taiwan Stock Exchange now sits just beneath the 27,870-point plateau and it may take further damage on Tuesday.

RTTNews | 3h 3phút trước

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