CAC 40 Inches Lower As Investors Await Powell Speech

RTTNews | 567 dias atrás
CAC 40 Inches Lower As Investors Await Powell Speech

(RTTNews) - French stocks were moving lower on Tuesday as China reported mixed trade data and investors looked ahead to Fed Chair Jerome Powell's speech due on Wednesday and Thursday for additional clarity on the U.S. rate outlook.

China's exports shrank 6.4 percent year-on-year in October, while imports unexpectedly grew 3.0 percent to snap 11 straight months of decline, official data showed in a sign that recovery in the world's second-largest economy remains uneven despite a series of government stimulus measures.

The benchmark CAC 40 was down 17 points, or 0.2 percent, at 6,997.

Engie gained about 1 percent. The energy company raised its full-year outlook after reporting earnings before interest and taxes of 8.322 billion euros for the 9-month period, 14.7 percent from 7.254 billion euros in the same period a year ago.

Capgemini was marginally lower. The IT company registered a decline revenue for the third-quarter of 2023, amidst challenging macro-economic conditions.

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Rebound Predicted For Thai Stock Market

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China Stock Market Due For Support On Wednesday

China Stock Market Due For Support On Wednesday

The China stock market has finished lower in four straight sessions, surrendering almost 50 points or 1.5 percent along the way. The Shanghai Composite Index now sits just above the 3,340-point plateau although it may stop the bleeding on Wednesday.
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Australian Market Notably Higher

Australian Market Notably Higher

Australian shares are trading notably higher on Wednesday, extending the gains in the previous three sessions, with the benchmark S&P/ASX 200 moving to near the 8,450 level, following the broadly positive cues from Wall Street overnight, with gains in energy and technology stocks and a mixed performance in mining and financial stocks.
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Taiwan Shares Due For Support On Wednesday

Taiwan Shares Due For Support On Wednesday

The Taiwan stock market has finished lower in four straight sessions, dropping more than 460 points or 2.2 percent in that span. The Taiwan Stock Exchange now sits just above the 21,330-point plateau, although it's likely to see bargain hunting on Wednesday.
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