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CAC 40 Inches Higher In Cautious Trade
(RTTNews) - French stocks were modestly higher on Friday, a day after the European Central Bank slowed the pace of its rate increases but signaled more tightening to fight inflation. The benchmark CAC 40 was up 18 points, or 0.3 percent, at 7,359 after losing 0.9 percent on Thursday.
Banks were broadly higher, with BNP Paribas, Credit Agricole and Societe Generale rising between half a percent and 1.2 percent.
Air France tumbled 3.2 percent after the Franco-Dutch carrier group posted an operating loss of €306 million ($338 million) for the first quarter.
Thales Group slipped half a percent despite reporting higher Q1 sales and confirming its 2023 outlook.
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BMW Q4 Results Down, Cuts Dividend; Sees Flat Earnings, Higher Volume In FY25
German luxury automaker BMW Group reported Friday lower profit and revenues in its fourth quarter hit mainly by weak Automotive deliveries, despite growth in Rolls-Royce. The company also trimmed its dividend, and issued fiscal 2025 outlook, expecting stable Group earnings before taxes, but slight growth in sales volume amid continuing subdued demand in the Chinese market.
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Pound Slides On Weak UK GDP Data
The British pound weakened against most major currencies in the European session on Friday, after U.K. economy logged an unexpected contraction at the start of the year on a sharp fall in production.
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CAC Moderately Higher In Cautious Trade
French stocks are up in positive territory a little past noon on Friday, led by gains financials and luxury sectors. The mood remains cautious amid escalating trade war tensions. Slight optimism about a ceasefire in Ukraine is aiding sentiment.
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DAX Climbs Higher; Adidas, Daimler Among Notable Gainers
German stocks are up firmly in positive territory a little past noon on Friday, despite rising trade tensions, and uncertainty surrounding the nation's spending plans. Investors are digesting the nation's inflation data and some corporate earnings updates.
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il y a 4h 56min
Pound Slides Against Most Majors
The British pound weakened against most major currencies in the European session on Friday.
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il y a 6h 5min
European Shares Inch Higher In Cautious Trade
European shares inched higher on Friday but were on track for a weekly loss on heightened trade tensions and growing concerns about an economic slowdown.
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il y a 6h 18min
UK Economy Contracts Unexpectedly On Weaker Production
The UK economy logged an unexpected contraction at the start of the year on a sharp fall in production, official data revealed on Friday. Gross domestic product shrank 0.1 percent on a monthly basis in January, following a growth of 0.4 percent in December, the Office for National Statistics reported. GDP was expected to grow 0.1 percent.
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Asian Shares Advance As US Shutdown Worries Ease
Asian stocks ended mostly higher on Friday after U.S. Senate Minority Leader Chuck Schumer said he plans to vote for a Republican bill to fund the government through September, helping ease worries about a potential federal government shutdown.
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