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CAC 40 Declines On Interest-rate Fears
(RTTNews) - French stocks traded lower on Friday as bond yields hit a 15-year high on fears that major central banks will keep interest rates higher for longer to tame inflation.
Worries surrounding the Chinese economy also rattled investors.
Concerns mounted about the country's property sector after Evergrande, which has been working on a debt restructuring strategy for several months, filed for bankruptcy in New York.
The benchmark CAC 40 was down 65 points, or 0.9 percent, at 7,126 after falling 0.9 percent the previous day.
China-related stocks were losing ground, with LVMH, Hermes International and Kering falling 1-2 percent.
Banks BNP Paribas, Credit Agricole and Societe Generale all fell around 1 percent.
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Asian Stocks Extend Gains
Asian markets extended gains on Tuesday in the backdrop of renewed optimism around AI-related shares that fueled a rally on Wall Street.
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1h 15min atrás
Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Tuesday.
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2h 27min atrás
Europe Car Sales Increase In November
Europe's new car registrations increased for the fifth straight month in November, driven by robust growth in battery electric cars sales, data from the European Automobile Manufacturers' Association, or ACEA, showed Tuesday. Car registrations grew 2.1 percent year-on-year in November but slower that the 5.8 percent rise seen in October.
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4h 11min atrás
European Economic News Preview: German Import Price Data Due
Import prices from Germany and revised GDP data from Spain are the top economic news due on Tuesday. At 2.00 am ET, Destatis is scheduled to issue Germany's import price data. Economists expect import prices to grow 0.2 percent month-on-month in November, the same rate as in October. In the meantime, producer price figures are due from Sweden.
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4h 43min atrás
Cautious Optimism Expected In European Markets
Stock markets in Europe are expected to trade on a cautiously optimistic note on Tuesday amidst rising geopolitical tensions, Fed rate cut hopes, thin holiday trade as well as mixed reactions to tech valuations.
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5h 22min atrás
RBA Minutes: Policymakers Discussed Rate Hike Scenario
Policymakers of the Reserve Bank of Australia discussed scenarios in which policy tightening may need to be considered, the minutes of the meeting held on December 8 and 9 showed Tuesday. Members became less confident that monetary policy remains restrictive, the minutes showed. Policymakers assessed that inflationary pressures could be a little more persistent than had been previously estimated
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5h 26min atrás
Australian Market Sharply Extends Early Gains In Mid-market
The Australian stock market is sharply expending the early gains in mid-market trading on Tuesday, adding to the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,750 level, with gains across most sectors led by financial and technology stocks.
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7h 52min atrás
Indian Shares Look Headed For Another Positive Start
It's likely to be a firm start for Indian shares on Tuesday with investors set to track positive cues from Wall Street and Asian markets. A drop in oil prices is also likely to aid sentiment.
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8h 1min atrás
