CAC 40 Modestly Lower In Cautious Trade

RTTNews | 10小时20分钟前

(RTTNews) - French stocks are moving in a narrow range in cautious trades Wednesday morning amid lingering uncertainty about the Trump administration's trade policies.

It is feared that the United States' spat with China, the second largest economy, will significantly hurt global growth outlook and adversely impact corporate earnings.

The benchmark CAC 40 was down at 22.85 points or 0.29% at 7,883.55 a few minutes ago.

Renault is down more than 2.5%. Vivendi, STMicroElectronics, Pernod Ricard and Michelin are lower by 1.5 to 1.8%.

BNP Paribas, Legrand, LVMH, L'Oreal, Stellantis, Schneider Electric, Edenred, Thales, Veolia Environment and Bouygues are declining by 0.5 to 1%.

TotalEnergies is up 1.1%. The company raised dividend and maintained the pace of share buybacks despite reporting a drop in fourth-quarter earnings.

Lender Credit Agricole is gaining 1.5% after reporting better-than-expected earnings on higher revenue in the final quarter of 2024.

Publicis Groupe is gaining 2.3% and ArcelorMittal is up 1.1%, while Unibail Rodamco is advancing 0.75%.

In economic news, the HCOB France Composite PMI for January 2025 was revised down to 47.6, from the flash estimate of 48.3, just above December's 47.5. That marks the fifth consecutive monthly contraction in output.

Both manufacturing and services contributed to the downturn in economic activity in January, with manufacturing sector declining at a slower pace. The manufacturing PMI came in with a score of 45 for January, compared to 41.9 in December 2024. The services PMI came in at 48.2 for January, down from 49.3 in December.

France's industrial production fell 0.4% month-on-month in December 2024, following a downwardly revised 0.1% increase in November. The drop was driven by a 0.7% contraction in manufacturing output.

The HCOB Eurozone Composite PMI rose to 50.2 in January of 2025 from 49.6 in the previous month, in line with the preliminary estimate and ahead of expectations of 49.7.

The services sector PMI came in at 51.3 for January, down from 51.6 in December 2024, while the manufacturing sector PMI score came in at 46.6, compared to 45.1 in December.

U.S. Services Index Unexpectedly Indicates Modestly Slower Growth In January

Service sector growth in the U.S. unexpectedly slowed modestly in the month of January, according to a report released by the Institute for Supply Management on Wednesday. The ISM said its services PMI dipped to 52.8 in January from a revised 54.0 in December. While a reading above 50 still indicates growth, economists had expected the index to inch up to 54.3.

RTTNews | 5小时35分钟前

U.S. Trade Deficit Spikes To Over Two-Year High In December

A report released by the Commerce Department on Wednesday showed the U.S. trade deficit widened significantly in December, as imports surged and exports plunged. The Commerce Department said the trade deficit spiked to $98.4 billion in December from a revised $78.9 billion in November. Economists had expected the trade deficit to jump to $96.6 billion.

RTTNews | 6小时5分钟前

U.S. Private Sector Job Growth Exceeds Estimates In January

Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by more than expected in the month of January. ADP said private sector employment climbed by 183,000 jobs in January after rising by an upwardly revised 176,000 jobs in December. Economists had expected private sector employment to rise by 150,000 jobs.

RTTNews | 6小时54分钟前

GSK Stock Up On Q4 Results, Positive Outlook; Plans To Buyback GBP 2 Bln Shares

Shares of GSK Plc. were gaining around 6 percent on the London Stock Exchange, as well as in the pre-market activity on the NYSE, after the British drug maker reported Wednesday a higher fourth-quarter results and issued positive outlook for fiscal 2025. The company further raised its sales view for fiscal 2031, and announced dividends and 2 billion pounds share buyback programme.

RTTNews | 6小时55分钟前

U.S. Trade Deficit Widens Significant In December As Imports Jump, Exports Plunge

A report released by the Commerce Department on Wednesday showed the U.S. trade deficit widened significantly in December, as imports surged and exports plunged.

RTTNews | 7小时20分钟前

U.S. Private Sector Employment Increases More Than Expected In January

Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by more than expected in the month of January.

RTTNews | 7小时35分钟前

UK Car Sales Continue To Fall, EV Share Rises: SMMT

The UK car market contracted for the fourth straight month in January due to weak consumer confidence and tough economic conditions, but the market share of electric vehicles increased, data from the Society of Motor manufacturers and Traders or SMMT, showed on Wednesday. Car registrations decreased 2.5 percent on a yearly basis to 139,345 units in January.

RTTNews | 8小时1分钟前

Bay Street Likely To See Mixed Open

Canadian shares may open on a mixed note Wednesday morning, tracking mixed commodity markets, and on lingering concerns about the impact of Trump administration's trade policies on the outlook for global economic growth.

RTTNews | 8小时6分钟前

EURUSD	1.04176	GBPUSD	1.25138	AUDUSD	0.62919
USDJPY	152.237	USDCAD	1.42881	USDCHF	0.90086