CAC 40 Advances; Edenred Soars On Strong Earnings
(RTTNews) - French stocks are modestly higher on Tuesday amid slightly easing U.S.-China trade tensions, and expectations of a resolution to the government shutdown in the U.S. Investors are reacting to some corporate earnings updates. The benchmark CAC 40 was up 27.34 points or 0.33% at 8,233.41 a few minutes ago.
Edenred is soaring 15.30%. The vouchers and benefit cards provider reported third-quarter revenue above expectations. Edenred's operating revenue increased 8% year over year on a like-for-like basis to €667 million, significantly exceeding expectations.
Edenred has also confirmed its full-year guidance.
Hermes International, Capgemini and STMicroElectronics are gaining 1.5 to 1.7%. Michelin, Societe Generale and Unibail Rodamco are up 1 to 1.1%.
Eurofins Scientific is down more than 7% after the company said that the revenue in its BioPhmara segment grew just 0.4% organically in the third quarter.
BNP Paribas is down 1.1%, extending previous session's decline. ArcelorMittal, Bouygues, Vinci and Saint Gobain are down 0.5 to 0.7%.
Asian Markets Trade Mostly Higher
Indian Shares Seen Little Changed At Open After Fed Rate Hike
Oversold Thai Stock Market Called Lower Again
No Help Yet For Indonesia Stock Market
Japanese Market Modestly Higher
Hang Seng Likely To Remain Rangebound
Soft Start Anticipated For China Stock Market
