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CAC 40 Little Changed Ahead Of Fed Rate Decision
(RTTNews) - French stocks were little changed on Wednesday ahead of a slew of central bank meetings.
The U.S. Federal Reserve delivers its interest-rate decision later in the day, with many expecting a 75-bps move.
The Bank of England, the Swiss National Bank, the Bank of Japan, and the Norges Bank in Norway are also announcing their policy decisions this week.
The benchmark CAC 40 was marginally higher at 5,981 after declining 1.4 percent on Tuesday.
Schneider Electric dropped half a percent after it agreed to buy out minority shareholders in Aveva Group Plc.
Shares of Vallourec SA soared 7 percent. The provider of premium tubular solutions has signed a 10-year agreement with Saudi Aramco for the supply of Premium Casing and Services.
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Target Q2 Down, Yet Beats Street, Backs FY25 View, Names Michael Fiddelke CEO; Shares Hit
Shares of Target Corp. were losing around 11 percent in the pre-market activity on the NYSE, after the retail major reported Wednesday lower profit and comparable sales in its second quarter. However, earnings per share and top line beat market estimates, and the firm maintained its fiscal 2025 outlook. Separately, Target announced the appointment of Michael Fiddelke, chief operating officer,
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vor 1Std 38 Minuten
Indonesia Unexpectedly Cuts Interest Rate
Indonesia's central bank eased its monetary policy unexpectedly on Wednesday in order to bolster economic growth amid inflation remaining well within the target range. The Bank Indonesia board, led by Governor Perry Warjiyo, decided to cut the BI rate by 25 basis points to 5.0 percent.
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vor 2Std 4 Minuten
Bay Street Likely To Open On Subdued Note
Canadian shares look headed for a somewhat subdued start on Wednesday as investors, looking for further progress in geopolitical and trade talks, are likely to remain largely cautious with their moves. Energy and gold stocks may attract buyers thanks to higher oil and bullion prices.
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vor 2Std 25 Minuten
FTSE 100 Recovers From Early Weakness, Up Nearly 0.3%
After opening slightly down and drifting further lower subsequently, the U.K. market has regained lost ground and is up in positive territory around noon on Wednesday.
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vor 3Std 33 Minuten
CAC 40 Flat In Lackluster Trade
French stocks are exhibiting some weakness on Wednesday, after seeing a big upmove in the previous session. The mood is cautious with investors looking ahead to the Federal Reserve's annual Jackson Hole Symposium.
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vor 3Std 55 Minuten
Pound Rises As UK Inflation Hits 18-Month High
The British pound strengthened against other major currencies in the European session on Wednesday, as the UK consumer price inflation accelerated to an 18-month high in July on airfares and food prices, suggesting that the Bank of England is likely to delay further easing.
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vor 4Std 8 Minuten
Sensex, Nifty Extend Gains For Fifth Day
Indian shares eked out modest gains on Wednesday, with underlying sentiment supported by the unexpected announcements relating to GST reforms and the recent progress in India-China ties.
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vor 4Std 11 Minuten
DAX Drifts Lower In Cautious Trade
The German market is notably lower on Wednesday, weighed down by losses in the defense stocks, amid rising optimism about a potential Russia-Ukraine peace deal.
The focus is on the Federal Reserve's annual symposium in Jackson Hole, that gets underway on Thursday.
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vor 4Std 15 Minuten
