CA 40 Slips As Focus Turns To ECB

RTTNews | Před 1087 dny
CA 40 Slips As Focus Turns To ECB

(RTTNews) - French stocks fell in cautious trade on Wednesday after official data showed Chinese exports growth slowed sharply in August amid softening global demand.

Overseas shipments rose an annual 7.1 percent, compared to 18 percent growth in July, China's General Administration of Customs said.

Imports growth slowed to 0.3 percent from 2.3 percent in July, adding to worries over a possible global recession.

All eyes now turn to the European Central Bank (ECB) meeting due Thursday given talk of a faster pace of tightening.

Euro zone bond yields rose today amid increased bets on a 75-basis point rate hike from the ECB to tame record-high inflation.

The benchmark CAC 40 was down 18 points, or 0.3 percent, at 6,086 after closing 0.2 percent higher the previous day.

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German Inflation Accelerates To 2.2% In August

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Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
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Swiss Market Ends Modestly Lower

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Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
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European Stocks Close Lower On Geopolitical Tensions

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Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

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Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
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