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CAC 40 Subdued On Rate Hike Jitters
(RTTNews) - French stocks were little changed in cautious trade on Wednesday, a day after Federal Reserve Chair Jerome Powell flagged sharper rate hikes to rein in stubbornly high inflation depending on incoming data.
It is now believed that the Fed would revert to a 50-basis point rate hike at the March 21-22 policy meeting instead of 25 bps expected earlier.
The dollar climbed to three-month highs and the U.S. yield curve inverted further, denting demand for riskier assets.
The benchmark CAC 40 was marginally lower at 7,332 after declining half a percent the previous day.
Aerospace and defense company Thales Group tumbled 3 percent despite posting higher earnings and sales for 2022.
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Japan Monetary Base Drops 7.9% On Year In October
The monetary base in Japan tumbled 7.9 percent on year in October, the Bank of Japan said on Wednesday - coming in at 616.598 trillion yen.
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1h 15min atrás
BoJ Minutes: Japan Economy Recovering But Faces Downside Risks
Members of the Bank of Japan's Monetary Policy Meeting agreed that the country was continuing to see economic recovery, although some downside risks remain, minutes from the central bank's monetary policy meeting on September 17-18 revealed on Wednesday.
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1h 19min atrás
Singapore Bourse May Give Up Support At 4,400 Points
The Singapore stock market turned lower again on Tuesday, one day after ending the three-day slide in which it had slipped more than 20 points or 0.5 percent. The Straits Times Index now sits just above the 4,420-point plateau and it's likely to open under pressure again on Wednesday.
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1h 20min atrás
Rally May Stall On Wednesday For Malaysia Shares
The Malaysia stock market has finished higher in two straight sessions, collecting almost 15 points or 0.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,620-point plateau although it's likely to run out of steam on Wednesday.
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1h 50min atrás
Japan Shares Expected To Open Under Pressure
The Japan stock market on Tuesday wrote a finish to the three-day winning streak in which is had surged almost 2,200 points or 4 percent. The Nikkei 225 now rests just beneath the 51,500-point plateau and it may extend its losses on Wednesday.
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2h 5min atrás
Continued Consolidation Called For KOSPI
The South Korea stock market on Tuesday ended the four-day winning streak in which it had surged almost 215 points or 5.3 percent to a fresh record closing high. The KOSPI sits just above the 4,120-point plateau and it may take further damage on Wednesday.
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2h 20min atrás
Australia Services Index Inches Higher In October - S&P Global
The service sector in Australia continued to expand in October, and at a slightly faster rate, the latest survey from S&P Global revealed on Wednesday with a PMI score of 52.5.
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2h 44min atrás
BoJ Minutes On Tap For Wednesday
The Bank of Japan will on Wednesday release the minutes from its September 18 monetary policy meeting, highlighting a busy day for Asia-Pacific economic activity.
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2h 50min atrás
