CAC 40 Declines Amid Uncertainty Over Fed's Rate Hikes

RTTNews | vor 1111 Tagen
CAC 40 Declines Amid Uncertainty Over Fed's Rate Hikes

(RTTNews) - French stocks declined on Friday as investors fretted about a worsening energy crisis in Europe, soaring inflation and its impact on economic growth.

Inflation and recession returned to the fore after German producer prices in July saw their highest ever increases both year-on-year and month-on-month.

German bond yields hit multi-week highs amid an uncertain outlook for the economy.

The yield on the benchmark 10-year U.S. government bond shot back closer to the 3.0 percent threshold in the wake of mixed signals from the Federal Reserve officials on the pace of future interest-rate hikes.

The benchmark CAC 40 was down 46 points, or 0.7 percent, at 6,511 after closing half a percent higher on Thursday.

Catering and food services group Sodexo fell over 2 percent after Jefferies cut its rating on the stock.

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Australian Market Notably Higher

Australian Market Notably Higher

The Australian market is trading notably higher on Thursday, snapping a three-session losing streak, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,800 level, with gains in mining, financial and technology stocks partially offset by weakness in energy stocks.
RTTNews | vor 20 Minuten
Higher Open Called For China Stock Market

Higher Open Called For China Stock Market

The China stock market has moved lower in consecutive trading days, dropping more than 60 points or 1.5 percent along the way. The Shanghai Composite Index now sits just above the 3,810-point plateau although it may find traction on Thursday.
RTTNews | vor 21 Minuten
Tech Shares May Fuel Taiwan Stock Market

Tech Shares May Fuel Taiwan Stock Market

The Taiwan stock market on Wednesday ended the four-day losing streak in which it had dropped more than 500 points or 2 percent. The Taiwan Stock Exchange now sits just above the 24,100-point plateau and it's tipped to open in the green again on Thursday.
RTTNews | vor 51 Minuten
Rebound Anticipated For Singapore Stock Market

Rebound Anticipated For Singapore Stock Market

The Singapore stock market on Wednesday wrote a finish to the five-day winning streak in which it had climbed more than 50 points or 1.2 percent. The Straits Times Index now sits just shy of the 4,290-point plateau although it may find renewed support on Thursday.
RTTNews | vor 1Std 21 Minuten
Malaysia Stock Market May Add To Its Winnings On Thursday

Malaysia Stock Market May Add To Its Winnings On Thursday

The Malaysia stock market has moved higher in consecutive trading days, gathering just 3 points or 0.2 percent in that span. The Kuala Lumpur Composite Index now sits just above the 1,575-point plateau and it may extend its gains on Thursday.
RTTNews | vor 1Std 51 Minuten
Japan Bourse May Reverse Wednesday's Losses

Japan Bourse May Reverse Wednesday's Losses

The Japanese stock market headed south again on Wednesday, one day after ending the two-day losing streak in which it had dropped almost 650 points or 1.4 percent. The Nikkei 225 now sits just beneath the 41,940-point plateau although it's likely to bounce higher again on Thursday.
RTTNews | vor 2Std 6 Minuten
Win Streak May Continue For South Korea Shares

Win Streak May Continue For South Korea Shares

The South Korea stock market has moved higher in back-to-back trading days, collecting more than 40 points or 1.3 percent along the way. The KOSPI now rests just above the 3,180-point plateau and it may add to its winnings on Thursday.
RTTNews | vor 2Std 21 Minuten
Australia Trade Data Due On Thursday

Australia Trade Data Due On Thursday

Australia will on Thursday release August numbers for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity. In July, imports were down 3.1 percent on month and exports rose 6.0 percent for a trade surplus of A$5.365 billion.
RTTNews | vor 3Std 21 Minuten