CAC 40 Slides On Uncertainty Over Monetary Policy Path

RTTNews | 24 days ago
Stocktwits
CAC 40 Slides On Uncertainty Over Monetary Policy Path

(RTTNews) - French stocks declined on Tuesday due to uncertainty over the European Central Bank extending rate cuts beyond June.

Eurozone sovereign bond yields climbed for the second day as investors looked ahead to the release of business activity data later this week for fresh clues on the European Central Bank's monetary path.

The benchmark CAC 40 was down 66 points, or 0.8 percent, at 8,130 after closing up 0.4 percent on Monday.

Sanofi was marginally lower. The drug major has announced a collaboration with Formation Bio and AI research and deployment company OpenAI to build AI-powered software to accelerate drug development and bring new medicines to patients more efficiently.

Aerospace company Airbus shed 0.6 percent despite Saudi Arabia's national airline ordering more than 100 new Airbus jets.

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Asian Markets Trade Mostly Lower

Asian Markets Trade Mostly Lower

Asian stock markets are trading mostly lower on Friday, following the mixed cues from Wall Street overnight, amid fading hopes of a series of rate cuts by the US Fed after the central bank officials conservatively forecast just one rate cut this year in the post meeting comments. They said inflation has eased substantially in recent months but still remains too high.
RTTNews | 5h 48min ago
Japanese Market Modestly Lower

Japanese Market Modestly Lower

Extending the losses in the previous two sessions, the Japanese stock market is modestly lower on Friday, following the mixed cues from Wall Street overnight. The benchmark Nikkei 225 is falling below the 38,700 level, with weakness across most sectors as traders cautiously await the Bank of Japan's latest monetary policy decision later in the day.
RTTNews | 7h 6min ago
Australian Market Modestly Lower

Australian Market Modestly Lower

Reversing the gains in the previous session, the Australian stock market is modestly lower on Friday, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying above the 7,700 level, with weakness across most sectors led by gold miners and technology stocks.
RTTNews | 7h 31min ago
Dollar Turns In Mixed Performance Against Major Counterparts

Dollar Turns In Mixed Performance Against Major Counterparts

The U.S. dollar gained against some of its major counterparts on Thursday with investors continuing to react to the data on U.S. consumer price and producer price inflation, the Federal Reserve's policy announcement, and the post meeting comments from the central bank.
RTTNews | 12h 5min ago
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