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CAC 40 Gains As LVMH Sales Soar

RTTNews | 693 दिनों पहले

CAC 40 Gains As LVMH Sales Soar

(RTTNews) - French stocks advanced on Thursday despite uncertainty around the Fed's rate path and growing concerns about the U.S. economy slipping into a recession later this year.

The benchmark CAC 40 was up 69 points, or 0.9 percent, at 7,466 after finishing marginally higher the previous day.

Renault gained 0.7 percent as the automaker announced a long-term commercial partnership with French start-up Verkor for the supply of electric batteries.

Luxury giant LVMH jumped 4.3 percent after its first-quarter revenue grew by 17 percent, more than double analysts' expectations, as China emerged from COVID lockdowns.

Kering SA rallied 2 percent and Hermes climbed 3.2 percent after customs data showed Chinese exports rose for the first time in 6 months.

Total exports soared 14.8 percent year-on-year in March, the data showed, a sharp rise from last March when strict virus lockdowns crippled normal economic activity.

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European Shares Mostly Higher Ahead Of ECB Meeting

European Shares Mostly Higher Ahead Of ECB Meeting

European shares traded higher on Thursday as trade worries eased, and investors looked ahead to the European Central Bank's interest-rate decision and President Christine Lagarde's press conference later in the day for direction.

RTTNews | 5घंटे 5 मिनट पहले

Asian Shares Climb Led By China And Hong Kong

Asian Shares Climb Led By China And Hong Kong

Asian stocks advanced on Thursday after U.S. President Donald exempted automakers from newly imposed tariffs on Mexico and Canada for one month, raising hopes for negotiations.

RTTNews | 5घंटे 28 मिनट पहले

Commodity Currencies Rise Amid Risk-on Mood

Commodity Currencies Rise Amid Risk-on Mood

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Thursday amid risk appetite, as traders react positively to news that the Trump administration announced a one-month delay on tariffs affecting cars entering the U.S. from Canada and Mexico, raising hopes for negotiations.

RTTNews | 6घंटे 8 मिनट पहले

Euro Rises Against Majors

Euro Rises Against Majors

The euro strengthened against other major currencies in the Asian session on Thursday.

RTTNews | 6घंटे 51 मिनट पहले

Canadian Dollar Climbs Against Most Majors

Canadian Dollar Climbs Against Most Majors

The Canadian dollar strengthened against most major currencies in the Asian session on Thursday.

RTTNews | 7घंटे 2 मिनट पहले

NZ Dollar Advances Against Majors

NZ Dollar Advances Against Majors

The New Zealand dollar strengthened against other major currencies in the Asian session on Thursday.

RTTNews | 7घंटे 10 मिनट पहले

Australian Dollar Rises Against Majors

Australian Dollar Rises Against Majors

The Australian dollar strengthened against other major currencies in the Asian session on Thursday.

RTTNews | 7घंटे 18 मिनट पहले

European Economic News Preview: ECB Set To Cut Rates

European Economic News Preview: ECB Set To Cut Rates

The European Central Bank is likely to cut its interest rates on Thursday as inflation softened amid weaker economic growth. Markets expect the bank to lower the policy rates by 25 basis points. The deposit facility rate is likely to be reduced to 2.50 percent from 2.75 percent.

RTTNews | 8घंटे 21 मिनट पहले

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