CAC 40 Up 1.2% As Pause In EU Tariffs Lifts Sentiment

RTTNews | 80天前
CAC 40 Up 1.2% As Pause In EU Tariffs Lifts Sentiment

(RTTNews) - The French stock market is notably higher on Monday with several counters attracting buyers after U.S. President Donald Trump delayed the roll out of 50% tariffs imports from European Union to July 9 from June 1.

The U.S. President has decided to pause the levy following a call from EU Commission President Ursula von der Leyen.

"The EU and US share the world's most consequential and close trade relationship. Europe is ready to advance talks swiftly and decisively. To reach a good deal, we would need the time until July 9," Von der Leyen wrote on X.

The benchmark CAC 40 was up 91.74 points or 1.19% at 7,826.14 a little while ago.

ArcelorMittal is gaining more than 4%. Teleperformance, Societe Generale, Stellantis, Saint Gobain, STMicroElectronics, Safran, Schenider Electric, Airbus and Essilor are up 2 to 3.1%.

BNP Paribas is up nearly 2% and Pernod Ricard is rising 1.9%. Capegemini, Edenred, Accor, Bureau Veritas, Credit Agricole, Unibail Rodamco, Legrand, Thales, TotalEnergies, Michelin, LVMH and Kering are gaining 1 to 1.8%.

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Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Friday, following the mixed cues from Wall Street overnight, as hotter-than expected US producer price inflation data and a resilient US labor market softened expectations of a higher interest rate cut by the US Fed in September. Traders also remain cautious ahead of the crucial U.S.-Russia talks to end the ongoing three-plus-year Russia-Ukraine war.
RTTNews | 35分钟前
Lower Open Predicted For Thai Stock Market

Lower Open Predicted For Thai Stock Market

The Thai stock market has finished lower in two of three trading days since the end of the four-day winning streak in which it had surged almost 50 points or 4.1 percent. The Stock Exchange of Thailand now sits just above the 1,265-point plateau and it figures to remain rangebound again on Friday.
RTTNews | 1小时22分钟前
Japanese Market Notably Higher

Japanese Market Notably Higher

Reversing the losses in the previous session, the Japanese market is notably higher on Friday, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,800 level, with gains in index heavyweights and financial stocks as well as a mixed performance in all other sectors.
RTTNews | 1小时38分钟前
Indonesia Bourse Due For Consolidation On Friday

Indonesia Bourse Due For Consolidation On Friday

The Indonesia stock market has tracked higher in five straight sessions, improving more than 440 points or 5.8 percent along the way. The Jakarta Composite Index now sits just above the 7,930-point plateau although investors figure to lock in gains on Friday.
RTTNews | 1小时52分钟前
Australian Market Modestly Higher

Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Friday, extending the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,900 level, with gains across most sectors led by energy and technology stocks.
RTTNews | 2小时2分钟前
Hong Kong Shares Tipped To Open In The Red

Hong Kong Shares Tipped To Open In The Red

The Hong Kong stock market on Thursday ended the three-day winning streak in which it had climbed more than 750 points or 3 percent. The Hang Seng Index now rests just beneath the 25,520-point plateau and it may see continued consolidation on Friday.
RTTNews | 2小时7分钟前
China Shares Likely Rangebound Again On Friday

China Shares Likely Rangebound Again On Friday

The China stock market on Thursday ended the three-day winning streak in which it had gained almost 50 points or 1.4 percent. The Shanghai Composite Index now sits just beneath the 3,670-point plateau and it may take further damage on Friday.
RTTNews | 2小时22分钟前