CAC 40 Modestly Lower In Cautious Trade; Teleperformance Tanks 9%

RTTNews | 14j 24min yang lalu

(RTTNews) - French stocks are down in negative territory Friday morning amid concerns about growth following U.S. President Donald Trump's tariff moves on European countries, and confirmation that additional levies on Canadian and goods imported into the American will become effective from early March.

Investors are also digesting a slew of French earnings reports and economic data.

The benchmark CAC 40, which dropped to 8,031.48 earlier, was down 28.27 points or 0.35% at 8,074.25 a few minutes ago.

Teleperformance is tanking more than 9%. The call centre group's stock is down following a lower than expected guidance for 2025.

Kering, Schneider Electric and STMicroElectronics are down 1.2 to 1.4%. Sanofi, AXA, Publicis Groupe, BNP Paribas, Essilor, Societe Generale, Dassault Systemes and Thales are lower by 0.6 to 1%.

Saint Gobain is gaining more than 2.5%. The building materials firm reported full-year 2024 net income of 2.844 billion euros or 5.69 euros per share, up from 2.669 billion euros or 5.26 euros per share last year.

Recurring net income for the year was 3.474 billion euros or 6.95 euros per share, up from 3.416 billion euros or 6.73 per share last year.

Pernod Ricard is rising 2.3% and Stellantis is up by about 1.7%. L'Oreal, Eurofins Scientific and Air Liquide are modestly higher.

On the economic front, the annual inflation rate in France slowed to 0.8% in February, the lowest since February 2021, compared to 1.7% in January, data from INSEE showed.

The French economy contracted 0.1% in the fourth quarter, confirming preliminary estimates, and reversing a 0.4% expansion in the third quarter.

On an annual basis, the economy expanded 0.6%, slightly below the flash estimate of 0.7%, marking the slowest growth since the Q4 2020 contraction. For the full year, GDP grew 1.1%, matching 2023's pace.

Meanwhile, household spending in France dropped 0.5% month-on-month in January, after rising 0.7% in December. On a yearly basis, household spending increased by 0.4% in January.

Swiss Market Ends On Firm Note

After a weak start and a subsequent recovery, the Swiss market struggled for direction till mid afternoon on Friday, but gained in strength thanks to some brisk buying at several counters in last ninety minutes of the day's session.

RTTNews | 5j 43min yang lalu

CPSC Recalls: Gas Boilers, Bicycles, Wall Sconces, Window Shades, Baby Loungers, Pajama Sets

The U.S. Consumer Product safety Commission or CPSC has announced various recalls including gas boilers, triathlon bicycles, wall sconces, window shades, baby loungers, high chairs, pajama sets and robes, and avalanche transceivers, among others.

RTTNews | 6j 5min yang lalu

European Stocks Turn In Mixed Performance

European stocks turned in a mixed performance on Friday as investors amid uncertainty about the outlook for growth as the Trump Administration's fresh and stringent tariffs of 25% on goods from Canada and Mexico, and an additional 10% levy on Chinese imports are set to commence from next week.

RTTNews | 6j 27min yang lalu

Chicago Business Barometer Jumps But Still Indicates Contraction In February

A report released by MNI Indicators on Friday showed its reading on Chicago-area business activity jumped by much more than expected in the month of February but continued to indicate contraction. MNI Indicators said its Chicago business barometer shot up to 45.5 in February from 39.5 in January. Economists had expected the Chicago business barometer to show a much more modest increase to 40.6.

RTTNews | 9j 38min yang lalu

U.S. Consumer Prices Increases In Line With Estimates In January

Closely watched readings on U.S. consumer price inflation increased in line with economist estimates in the month of January, according to a report released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.3 percent in January, matching the increase seen in December as well as economist estimates.

RTTNews | 9j 53min yang lalu

U.S. Consumer Price Inflation Data Matches Estimates In January

Closely watched readings on consumer price inflation increased in line with economist estimates in the month of January, according to a report released by the Commerce Department on Friday.

RTTNews | 10j 55min yang lalu

France Inflation Lowest In 4 Years On Energy Prices

French inflation sunk to the lowest in four years in February due to a notable fall in electricity prices and the economy contracted for the first time since early 2023, official data showed Friday. Consumer price inflation was 0.8 percent in February compared to 1.7 percent in January, the statistical office INSEE said. This was the weakest since February 2021 and was also below forecast of 1.0

RTTNews | 11j 25min yang lalu

German Unemployment Rises Less Than Expected

German unemployment increased only moderately in February but the economic weakness remained visible on the labor market, the Federal Employment Agency said Friday. The number of people out of work rose 5,000 in February, while economists had forecast a sharp increase of 14,000. Unemployment had increased 11,000 in January.

RTTNews | 11j 41min yang lalu

EURUSD	1.03689	GBPUSD	1.25693	AUDUSD	0.61984
USDJPY	150.541	USDCAD	1.44595	USDCHF	0.9032