CAC 40 Rallies Led By Banks

RTTNews | Před 1078 dny
CAC 40 Rallies Led By Banks

(RTTNews) - French stocks rallied on Wednesday after it emerged that the European Central Bank will hold an unscheduled meeting later today to discuss the recent volatility in government bond markets.

ECB executive board member Isabel Schnabel indicated on Tuesday that the central bank will fight any "disorderly" blowout in the borrowing costs of more indebted euro zone nations.

In economic releases, annual inflation rate in France rose 5.2 percent in May, the highest since September of 1985, the French statistics agency said.

The FOMC is expected to raise its key Fed Funds rate by 50 bps later in the day. A move of 75 basis points would be a surprise, given the deteriorating outlook for growth around the world.

The benchmark CAC 40 rose 68 points, or 1.2 percent, to 6,018 after falling 1.2 percent on Tuesday.

Lenders BNP Paribas, Credit Agricole and Societe Generale all were up around 3 percent.

Stellantis added 2.4 percent after the world's fourth-largest carmaker announced it would begin an indefinite layoff starting next week at its Sterling Heights stamping plant in Michigan.

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The Taiwan stock market on Wednesday ended the four-day losing streak in which it had given up more than 460 points or 2.2 percent. The Taiwan Stock Exchange now sits just above the 21,350-point plateau although it may head south again on Thursday.
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RTTNews | Před 1 h 36 min
Losing Streak May Continue For Malaysia Stock Market

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The Malaysia stock market has moved lower in three straight sessions, slipping more than a dozen points or 0.9 percent in that span. The Kuala Lumpur Composite Index now sits just beneath the 1,525-point plateau and it's looking at another soft start again on Thursday.
RTTNews | Před 2 h 6 min
Japan Stock Market May Extend Wednesday's Losses

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RTTNews | Před 2 h 21 min
KOSPI Likely To Remain Rangebound

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RTTNews | Před 2 h 36 min