CAC 40 Slides As Tech Stocks Drag

RTTNews | 817 days ago
CAC 40 Slides As Tech Stocks Drag

(RTTNews) - French stocks declined on Thursday, with tech names coming under selling pressure after Facebook parent Meta Platforms forecast a weak holiday quarter and significantly more costs next year.

Investors also awaited the ECB rate decision later in the day for direction. The benchmark CAC 40 was down 24 points, or 0.4 percent, at 6,252 after rising 0.4 percent the previous day.

Franco-Italian chipmaker STMicroelectronics slumped 6.4 percent after saying it expects sales growth to slow in the last part of the year.

Casino Group shares jumped almost 19 percent. The retailer said its third-quarter total consolidated net sales rose 5.4 percent on a same-store basis from a year earlier.

TotalEnergies climbed 1.2 percent. The energy and petroleum company said its third-quarter earnings more than doubled to about $9.9 billion, boosted by higher LNG prices and sales.

Schneider Electric tumbled 3.4 percent despite the Group confirming its fiscal 2022 target for EBITA growth. IT consulting firm Capgemini declined 2.7 percent despite posting a rise in its quarterly revenues.

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Asian Markets Track Global Markets Higher

Asian Markets Track Global Markets Higher

Asian stock markets are trading mostly higher on Wednesday, following the positive cues from global markets overnight, as optimism about a few interest rate cuts by the US Fed this year, and a drop in global bond yields. Markets in China and Hong Kong were down as the US administration was discussing a 10 tariff against China and said tariffs on China could hinge on a deal over TikTok's ownership.
RTTNews | 6h 6min ago
Australian Market Trims Gains In Mid-market

Australian Market Trims Gains In Mid-market

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RTTNews | 6h 35min ago
Japanese Market Sharply Higher

Japanese Market Sharply Higher

The Japanese stock market is trading sharply higher on Wednesday, extending the gains in the previous two sessions, following the broadly positive cues from global markets overnight. The Nikkei 225 is moving a tad above the 39,600 level, with gains in index heavyweights, exporters and technology stocks.
RTTNews | 7h 0min ago
Thai Shares Expected To Open To The Upside On Wednesday

Thai Shares Expected To Open To The Upside On Wednesday

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RTTNews | 7h 16min ago
Australian Market Notably Higher

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RTTNews | 7h 43min ago
Indonesia Bourse May Reclaim Support At 7,200 Points

Indonesia Bourse May Reclaim Support At 7,200 Points

The Indonesia stock market has climbed higher in five straight sessions, advancing more than 220 points or 3 percent along the way. The Jakarta Composite Index now sits just above the 7,180-point plateau and it's likely to see additional support on Wednesday. The global forecast for the Asian markets is positive on renewed optimism about the outlook for interest rates. The European and U.S. markets were up and the Asian bourses are expected to follow that lead.
RTTNews | 7h 46min ago
Hong Kong Bourse Tipped To Extend Winning Streak

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The Hong Kong stock market has finished higher in six straight sessions, rallying more than 1,230 points or 6 percent in that span. The Hang Seng now sits just above the 20,100-point plateau and it's got another strong lead for Wednesday's trade.
RTTNews | 8h 1min ago