CAC 40 Gains As Macron Prepares To Appoint New PM

RTTNews | vor 10Std 29 Minuten
CAC 40 Gains As Macron Prepares To Appoint New PM

(RTTNews) - French stocks eked out modest gains on Thursday as investors wait for President Emmanuel Macron to appoint a new prime minister.

Macron is seeking a political deal that would allow him to both name a new prime minister and "guarantee the stability of the country," a spokesperson for the outgoing government said Wednesday and insisted there was at the moment no "broader" political alliance than the current one between his centrist allies and conservatives from the Republicans party.

Investors also seek direction from a European Central Bank rate decision later in the day.

The benchmark CAC 40 was up 12 points, or 0.2 percent, at 7,435 after closing 0.4 percent higher on Wednesday.

In corporate news, semiconductor company STMicroelectronics rose about 1 percent after forging a strategic collaboration with Quobly, a French quantum computing startup.

read more
ECB Cuts Deposit Rate To 3.00%

ECB Cuts Deposit Rate To 3.00%

The European Central Bank lowered its key interest rate by 25 basis points again, in line with economists' expectations, as policymakers assessed that the disinflation process is on track though growth concerns remain. The Governing Council, led by ECB President Christine Lagarde, cut the key policy rate - the deposit rate - by a quarter-basis point to 3.00 percent on Thursday.
RTTNews | vor 6Std 4 Minuten
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares may open on a mixed note on Thursday with investors looking for fresh direction, after the market closed the previous session on a firm note following the Bank of Canada's decision to cut interest rates by 50 basis points. Energy stocks may find support thanks to higher oil prices.
RTTNews | vor 6Std 44 Minuten
Target Offers Holiday Countdown Sale, Christmas Eve Delivery

Target Offers Holiday Countdown Sale, Christmas Eve Delivery

Discount retailer Target Corp. announced its Holiday Countdown Sale from December 12 through 14, and exclusive deals of up to 40% off through December 24. Further, Christmas Eve same-day delivery for orders are available for the last-minute holiday shoppers. The company is offering incredible same-day fulfillment options including straight to guests' home or to friends and family.
RTTNews | vor 7Std 26 Minuten
Adobe Q4 Earnings Beat Market, Sees Growth Ahead; But Shares Hit

Adobe Q4 Earnings Beat Market, Sees Growth Ahead; But Shares Hit

Software major Adobe Inc. issued positive outlook for first quarter and fiscal 2025 earnings and revenues, after reporting higher fourth-quarter results above market. Meanwhile, the shares declined around 9 percent in the after-hours trading on Wednesday, and is currently down around 11 percent in the pre-market activity on the Nasdaq.
RTTNews | vor 8Std 26 Minuten
Swiss Franc Falls On SNB's Surprise Rate Cut

Swiss Franc Falls On SNB's Surprise Rate Cut

The Swiss franc weakened against other major currencies in the European session on Thursday, after the Swiss National Bank reduced its benchmark rate by a sharper-than-expected 50 basis points to curb the strength of the Swiss franc.
RTTNews | vor 9Std 19 Minuten