CAC 40 Climbs Higher On Ukraine Ceasefire Optimism

RTTNews | 13小时22分钟前
CAC 40 Climbs Higher On Ukraine Ceasefire Optimism

(RTTNews) - French stocks are up firmly Wednesday morning, recovering from recent losses, as optimism about a ceasefire in Ukraine is contributing to the positive mood in the market.

Kyiv has reportedly agreed to a US-proposal for an "immediate, interim 30-day ceasefire" if Russia agrees to the terms.

"A while ago, Ukraine has agreed to the ceasefire. Now we go to Russia and hopefully President Putin will agree to it also," U.S. President Trump said soon after the Jeddah announcement.

The benchmark CAC 40, which advanced to 8,046.01, was up 87.75 points or 1.1% at 8,029.66 a few minutes ago.

Safran, Saint-Gobain, Schneider Electric, Airbus Group, AXA and Unibail Rodamco are gaining 2 to 2.5%.

Capgemini and Hermes International are up nearly 2%. BNP Parbias is gaining 1.8%, Legrand is up 1.7% and Vinci is rising 1.5%. Renault, Air Liquide, Accor, Essilor, Pernod Ricard, Sanofi and Vivendi are advancing 1 to 1.3%.

Societe Generale, Teleperformance, Veolia, Engie, Eurofins Scientific, Danone, TotalEnergies and Credit Agricole are up 0.5 to 0.9%.

STMicroElectronic is declining 2.3%. Edenred is down 2% and ArcelorMittal is down by about 1%. Kering, Carrefour and Publicis Group are modestly lower.

read more
Canadian Dollar Higher After Soft U.S. Inflation Data

Canadian Dollar Higher After Soft U.S. Inflation Data

The Canadian dollar strengthened against its major counterparts in the New York session on Wednesday, as U.S. inflation report came in cooler than expected in February, suggesting that the Federal Reserve will resume rate cuts in June.
RTTNews | 5小时0分钟前
Swiss Market Ends On Buoyant Note

Swiss Market Ends On Buoyant Note

The Switzerland market closed on a buoyant note on Wednesday, in line with markets across Europe, as optimism about a ceasefire in Ukraine, and data showing a less than expected increase in U.S. consumer prices in the month of February lifted investor sentiment.
RTTNews | 5小时13分钟前
Canadian Stocks Turning In Mixed Performance After BoC Rate Cut, U.S. Inflation Data

Canadian Stocks Turning In Mixed Performance After BoC Rate Cut, U.S. Inflation Data

Canadian stocks are turning in a mixed performance Wednesday morning with investors digesting the Bank of Canada's interest rate decision, and tamer than expected U.S. consumer price inflation data. Worries about the U.S. Government's stance on tariffs, and the possibility of recession in the U.S., Canada and Mexico, are weighing on sentiment and limiting market's upside.
RTTNews | 7小时43分钟前
Elon Musk's Starlink Partners With India's Jio And Airtel

Elon Musk's Starlink Partners With India's Jio And Airtel

Close on the heels of signing an agreement with one of India's telecom majors Airtel, Elon Musk's SpaceX signed a deal with the country's another tycoon Jio Platforms Ltd, affiliated to Billionaire Mukesh Ambani's Reliance Industries, to offer Starlink satellite Internet services in the country.
RTTNews | 8小时41分钟前
Bank Of Canada Cuts Interest Rates By Another 25 Basis Points

Bank Of Canada Cuts Interest Rates By Another 25 Basis Points

With inflation close to the 2 percent target, the Bank of Canada on Wednesday announced its widely expected decision to lower interest rates by another 25 basis points, making its seventh straight rate cut. The Bank of Canada said it decided to reduce its target for the overnight rate to 2.75 percent, with the Bank Rate at 3 percent and the deposit rate at 2.70 percent.
RTTNews | 9小时6分钟前
U.S. Consumer Prices Rise Less Than Expected In February, Annual Growth Slows

U.S. Consumer Prices Rise Less Than Expected In February, Annual Growth Slows

A report released by the Labor Department on Wednesday showed consumer prices in the U.S. increased by slightly less than expected in the month of February. The Labor Department said its consumer price index crept up by 0.2 percent in February after climbing by 0.5 percent in January. Economists had expected consumer prices to rise by 0.3 percent.
RTTNews | 9小时26分钟前
Bay Street Likely To Open On Positive Note

Bay Street Likely To Open On Positive Note

The Bank of Canada's interest rate decision, and U.S. consumer price inflation data are in focus on Bay Street Wednesday morning. The market looks set to open higher thanks to firm commodity prices and European stocks.
RTTNews | 10小时18分钟前