CAC 40 Turns Weak After Positive Start; BNP Paribas Plunges 10%

RTTNews | 14 ngày trước
CAC 40 Turns Weak After Positive Start; BNP Paribas Plunges 10%

(RTTNews) - French stocks are turning in a mixed performance on Monday with investors tracking corporate news, and digesting S&P Global Ratings' downgrade of France amid fiscal risk and uncertainty surrounding government's finances.

The benchmark CAC 40 was down 7.48 points or 0.09% at 8,166.72 a few minutes ago. The index had advanced to 8,239.67 earlier in the session.

BNP Paribas is plunging more than 10% after a US jury held the bank responsible for helping to sustain Sudan's brutal regime under deposed leader Omar al-Bashir. The panel awarded three plaintiffs more than $20 million in damages.

Credit Agricole is down 3.5% and Societe Generale is down by about 2.8%.

Veolia Environment is down 1.4%, while Orange, Vinci, Unibail Rodamco, Bouygues, AXA, Engie and TotalEnergies are down 0.5 to 1%.

Among the gainers, Kering is rising nearly 3.5%, after the company agreed to sell its beauty division to L'Oréal for €4 billion. L'Oreal shares are modestly higher.

Thales is up 2.5% and Safran is climbing up 2.1%. STMicroElectronics and Legrand are up 1.5% and 1.2%, respectively.

Airbus, Hermes International, Accor, Saint Gobain, ArcelorMittal, Michelin and Schneider Electric are up with moderate gains.

read more
Swiss Market Pares Early Gains, Settles Flat

Swiss Market Pares Early Gains, Settles Flat

Save for a brief while during the closing minutes, Switzerland's SMI index stayed positive on Monday, but still ended the session with just a slender gain as several stocks pared early gains due to a lack of support at higher levels.
RTTNews | 4h 3phút trước
European Stocks Close Higher As Investors Asses Economic Data, Recent Earnings

European Stocks Close Higher As Investors Asses Economic Data, Recent Earnings

European markets closed mostly higher on Monday, led by gains in the banking and automobile sectors. Investors assessed U.S.-China trade discussions, recent earnings updates, and digested the latest batch of regional economic data, in addition to awaiting the Bank of England's monetary policy announcement due this week.
RTTNews | 4h 34phút trước
U.S. Manufacturing Index Unexpectedly Edges Lower In October

U.S. Manufacturing Index Unexpectedly Edges Lower In October

Manufacturing activity in the U.S. unexpectedly contracted at a slightly faster rate in the month of October, according to a report released by the Institute for Supply Management on Monday. The ISM said its manufacturing PMI slipped to 48.7 in October after edging up to 49.1 in September, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 49.5.
RTTNews | 6h 49phút trước
Bay Street Likely To Open On Positive Note

Bay Street Likely To Open On Positive Note

Canadian shares are likely to open higher Monday morning, with firm metal prices expected to trigger buying in the materials sector. The focus will be on the developments on the trade front and corporate earnings announcements.
RTTNews | 8h 50phút trước
UK Manufacturing PMI At 1-Year High

UK Manufacturing PMI At 1-Year High

The UK manufacturing activity shrank in October but the pace of contraction was the slowest in a year, the final purchasing managers' survey from S&P Global revealed on Monday. The factory Purchasing Managers' Index rose to a 12-month high of 49.7 in October from 46.2 in September. The flash reading was 49.6.
RTTNews | 9h 23phút trước
Eurozone Manufacturing Sector Stagnates In October

Eurozone Manufacturing Sector Stagnates In October

Eurozone manufacturing sector stagnated in October, as initially estimated, following a fractional deterioration in September, the purchasing managers' survey compiled by S&P Global showed on Monday. The final Purchasing Managers' Index posted 50.0 in October, signalling no change in the operating conditions in the manufacturing sector. The score matched the initial estimate and remained above S
RTTNews | 9h 55phút trước