CAC 40 Recovers From Early Setback, Down Marginally
(RTTNews) - After a slightly weak start and a subsequent drop to lower levels, French stocks regained some lost ground Monday morning. The mood remains cautious amid a lack of positive triggers.
Data from Eurostat showed the consumer price inflation rate in the Euro area came in at 2.5% in January, the highest rate since July 2024.
The core inflation rate, which excludes food and energy prices, remained unchanged at 2.7% for the fifth consecutive month.
Meanwhile, in Germany, the Christian Democratic Union of Germany (CDU) has emerged victorius. The CDU, led by Friedrich Merz, is reportedly negotiating to form a coalition government with Social Democratic Party (SPD), which could lead to pro-growth policies and reforms.
The benchmark CAC 40, which dropped to 8,093.05, losing more than 60 points, was down 11.22 ponts or 0.14% at 8,143.29 a few minutes ago.
Schneider Electric is down nearly 4%, weighing down the index. Legrand is lower by about 1.5%, while ArcelorMittal, Hermes International, Air Liquide, Safran, STMicroElectronics, LVMH and Edenred are down 0.5 to 0.8%.
Vivendi is up 2.7%, Veolia Environment is gaining 2.5%, Eurofins Scientific is advancing 2.1% and Carrefour is up 2%.
Airbus Group, Engie, Thales, Michelin and Danone are gaining 1 to 1.7%. Teleperformance, Vinci, Unibail Rodamco, Orange, Bouygues and Kering are up with modest gains.
European Markets Seen Rising On Wednesday
Australian Dollar Falls Against Majors
Australia Inflation Rises In August
China Private Sector Growth Improves
Australian Market Sharply Extends Early Gains In Mid-market
Asian Markets Trade Mostly Higher
Indian Shares Likely To Open On Mixed Note
