CAC 40 Slips On Recession Worries

RTTNews | il y a 822
Stocktwits
CAC 40 Slips On Recession Worries

(RTTNews) - French stocks fell sharply on Friday as concerns over inflation and recession overshadowed a slew of positive earnings updates.

The benchmark CAC 40 fell 94 points, or 1.5 percent, to 5,992 after climbing 0.8 percent the previous day.

Cosmetics group L'Oreal slumped 4.3 percent despite posting robust sales growth over the third quarter.

Automaker Renault fell 2.3 percent after reporting a dip in Q3 auto sales, hit by supply constraints.

Rexel Group shares were down 3 percent. The energy products and services firm said that one of its entities has been placed under a formal probe related to derogation case requiring it to set aside a bank guarantee of 20 million euros and a cash guarantee of 48 million euros to be paid by January 15, 2023.

Luxury eyewear maker EssilorLuxottica tumbled 3 percent despite the company reporting a rise in third-quarter revenues.

Media company Vivendi lost about 4 percent after saying it will go ahead with the spin off its publishing business Editis.

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TSX Ends Higher For 5th Straight Session

TSX Ends Higher For 5th Straight Session

The Canadian market closed higher on Monday, extending gains to a sixth straight session, reacting to news that the Trump administration will hold off on imposing trade tariffs for now.
RTTNews | il y a 5h 50min
Canadian Stocks Remain Firmly Positive Despite Paring Some Gains

Canadian Stocks Remain Firmly Positive Despite Paring Some Gains

Despite paring some gains, the Canadian market remains firmly place in positive territory Monday afternoon thanks to sustained buying in several stocks from the energy sector. The mood remains positive amid optimism about some interest rate cuts by the Federal Reserve and a few other central banks this year.
RTTNews | il y a 8h 43min
Swiss Market Closes On Firm Note

Swiss Market Closes On Firm Note

Despite a mid-session setback, the Switzerland market closed on a firm note on Monday, in line with markets across Europe, as investors reacted positively to news that the Trump administration would hold off on imposing trade tariffs for now.
RTTNews | il y a 9h 41min
European Stocks Close Higher After Cautious Session

European Stocks Close Higher After Cautious Session

European stocks closed higher on Monday, with a few markets posting fresh record highs, reacting positively to reports that the Trump administration will hold off on imposing trade tariffs for now. Investors also focused on the World Economic Forum, which kicked off in Davos, Switzerland, today.
RTTNews | il y a 10h 27min
Bay Street Likely To Open On Subdued Note

Bay Street Likely To Open On Subdued Note

Canadian shares are likely to open on a subdued note Monday morning with investors looking for directional clues. Trading volumes are likely to be thin as the U.S. market is closed today for Martin Luther King, Jr. Day holiday.
RTTNews | il y a 15h 14min
Euro Rises Before Trump Inauguration

Euro Rises Before Trump Inauguration

The euro strengthened against other major currencies in the European session on Monday, as European stocks traded higher led by gains in mining and retails sectors. The mood is largely cautious with investors awaiting the inauguration of U.S. President Donald Trump later in the day.
RTTNews | il y a 16h 4min
UK House Prices Rise Most Since 2020: Rightmove

UK House Prices Rise Most Since 2020: Rightmove

UK house prices increased the most since 2020 and new sellers coming to the market hit a record in January, data from the property website Rightmove showed on Monday. Average house prices increased 1.7 percent in January from a month ago, marking the largest jump in prices at the start of the year since 2020. This follows a 1.7 percent fall in December.
RTTNews | il y a 17h 7min
Euro Rises Against Majors

Euro Rises Against Majors

The euro strengthened against other major currencies in the European session on Monday.
RTTNews | il y a 17h 43min
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