CAC 40 Modestly Lower In Cautious Trade

RTTNews | 1 day ago
CAC 40 Modestly Lower In Cautious Trade

(RTTNews) - French stocks are down Wednesday morning on a fresh round of selling by investors ahead of U.S. President Donald Trump's "reciprocal tariff" announcement later in the day.

The market gained some ground on Tuesday after few weak sessions, but the mood has turned cautious today amid fears the U.S. President's trade policies might push up inflation and hurt global economic growth.

The new tariff rates will take effect immediately after they are announced by U.S. President Donald Trump at 2000 GMT.

The benchmark CAC 40, which dropped to 7,811.00 in early trades, was down 33.32 points or 0.42% at 7,843.04 a few minutes ago.

Airbus is down more than 2.5%. Sanofi is declining 2.4% and Edenred is down by about 2.2%. Societe Generale is down nearly 2%.

BNP Paribas and Thales are down 1.8% and 1.7%, respectively. Capgemini, Michelin and Safran are declining 0.9 to 1%. ArcelorMittal, Essilor and Eurofins Scientific are modestly lower.

Engie is up nearly 2%. Pernod Ricard, Carrefour, Kering and AXA are gaining 1 to 1.25%.

Dassault Systemes, L'Oreal, Vinci, Bouygues, Publicis Groupe, Renault, Hermes International, Air Liquide and Stellantis are up with modest gains.

On the economic front, data showed France's government budget deficit narrowed to EUR 40.3 billion in February 2025 from EUR 44.0 billion in the corresponding period of the previous year. Total revenues rose 12.6% year-on-year to EUR 45.2 billion, while expenditures increased at a softer 3.6% to EUR 77.8 billion.

read more
Amazon Places Bid For TikTok Ahead Of US Sale Deadline

Amazon Places Bid For TikTok Ahead Of US Sale Deadline

As the April 5 deadline is looming for TikTok, owned by China-based ByteDance Ltd, to find a buyer or to face shutdown in the United States, its biggest market, Amazon has entered the picture, submitting a takeover bid to the White House for the business, reports said. With this, the tech major joins the list of potential bidders including private equity firm Blackstone and mobile technology...
RTTNews | 4h 12min ago
European Shares Tumble On Tariff Jitters

European Shares Tumble On Tariff Jitters

European stocks fell sharply on Thursday as investors fretted about the potential repercussions of the new tariffs announced by U.S. President Donald Trump.
RTTNews | 5h 1min ago
Asian Shares Slide On Trade War Concerns

Asian Shares Slide On Trade War Concerns

Asian stocks tumbled on Thursday after U.S. President Donald Trump announced a 10 percent universal tariff on most imported goods along with additional high tariffs on countries the U.S. considers "worst offenders" based on trade deficits and non-tariff barriers.
RTTNews | 5h 23min ago
DAX Down Sharply Despite Coming Off Early Lows

DAX Down Sharply Despite Coming Off Early Lows

German stocks are down sharply Thursday morning due to heavy selling almost across the board as investors react to the U.S. government's announcement of "reciprocal tariffs." The much steeper-than-expected tariffs on US trade partners, has heightened concerns over a global trade war that could destabilize major economies.
RTTNews | 5h 24min ago
U.S. Dollar Drops Amid Fed Rate Cut Bets

U.S. Dollar Drops Amid Fed Rate Cut Bets

The U.S. dollar weakened against other major currencies in the European session on Thursday, as traders increase their bets that the Fed will lower rates in June, as Trump imposes fresh tariffs, traders increase their wagers that the Fed will lower rates in June.
RTTNews | 5h 27min ago
Commodity Currency's Slide As Trump Unveils Tariff Plans

Commodity Currency's Slide As Trump Unveils Tariff Plans

The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Thursday, after U.S. President Donald Trump announced steeper-than-expected reciprocal tariffs on U.S. trade partners, heightening concerns over a global trade war that could destabilize major economies. White House press secretary Karoline Leavitt indicated the new levies will be "effective immediately."
RTTNews | 5h 38min ago