Stock Market Today: Live Updates

2 hours ago

French stocks rise as left-wing coalition secures surprise election victory

French shares rose on Monday as markets reacted to the left’s surprise victory in the country’s parliamentary elections.

The CAC 40 erased earlier losses and rose 0.5% at 10 a.m. London time (5 a.m. ET). The euro was flat against the dollar and bond market trading was also relatively muted.

According to François Digard, head of French equity research at Kepler Cheuvreux, the market expected a stalemate in parliament.

“You have a stalemate in parliament as expected, so last week the market showed that as well… It was expected that it would only go more right-wing, but in the end it went left-wing,” he told CNBC on Monday.

Read the whole story here.

—Katrina Bisschop

5 hours ago

Boeing agrees to plead guilty

Boeing has agreed to plead guilty to a criminal fraud charge, months after federal prosecutors alleged the planemaker violated a 2021 settlement that shielded the company from prosecution.

Under the deal announced Sunday night, Boeing would pay a $243.6 million fine, install an independent compliance monitor for three years and invest at least $455 million in compliance and safety programs. The agreement must be approved by a federal judge before it takes effect.

In 2021, Boeing reached a $2.5 billion settlement with the Justice Department over charges related to the deadly 737 Max crashes. The agreement included the original $243.6 million criminal fine, compensation to airlines and a $500 million fund for victims’ families. A lawyer for victims’ families said he plans to ask a federal judge in the case to reject the deal and set the case for a public trial.

— Leslie Josephs, Christine Wang

3 hours ago

European stock markets open higher

European shares rose in morning trading on Monday as markets reacted to an expected stalemate in the French parliament following a surprise victory for a left-wing coalition of parties.

France’s CAC 40 pared earlier losses and rose 0.2% at 8:35 a.m. London time (3:35 a.m. ET). The euro was flat against the dollar.

13 hours ago

Stocks open lower

Leave a Comment