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CAC 40 Little Changed As Yields Climb On Fading Rate Cut Hopes
(RTTNews) - French stocks were little changed on Monday amid facing expectations of an early rate cut in the U.S.
The dollar and bond yields remained supported after government data showed U.S. job growth surged unexpectedly in December.
The yields on the European 10-year benchmark note and the German 10-year rose for a third straight session ahead of U.S. consumer price inflation and producer price inflation data due this week.
The benchmark CAC 40 was marginally higher at 7,422 after losing 0.4 percent on Friday. Casino shares fell about 1 percent. The retail company said that the European Commission has authorized a consortium led by Daniel Kretinsky to take control of the Group as part of the financial restructuring.
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Bay Street Likely To Open On Mixed Note
Canadian stocks may open on a mixed note on Wednesday, tracking commodity prices and quarterly earnings announcements. The mood is likely to remain cautious amid tariff concerns, and uncertainty about the outlook for interest rate cuts next week.
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vor 51 Minuten
Bank Indonesia Unexpectedly Holds Rate Steady At 4.75%
Indonesia's central bank unexpectedly kept its key interest rate unchanged on Wednesday after three consecutive reductions as policymakers assess the impact of the previous easing. The Bank Indonesia board, led by Governor Perry Warjiyo, decided to hold the BI rate at 4.75 percent. The bank was expected to cut the rate by 25 basis points.
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vor 56 Minuten
FTSE 100 Rises Nearly 1% On Soft Inflation Data
The U.K. market is up in positive territory on Wednesday, outperforming other major markets in Europe, thanks to softer-than-expected consumer price inflation data.
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vor 2Std 23 Minuten
CAC 40 Pares Some Early Losses; L'Oreal Down Sharply As Sales Miss Expectations
French stocks are showing weakness on Wednesday, turning down south from the record highs climbed in the previous session. Slightly disappointing earnings announcements from luxury majors weigh on the market.
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vor 2Std 45 Minuten
UK Consumer Prices Rise Less Than Forecast
UK consumer prices rose less than expected and food inflation eased for the first time in six months in September, raising hopes that the Bank of England could reduce interest rates this year. Consumer prices logged an annual growth of 3.8 percent in September, the same rate of increase as seen in August, the Office for National Statistics said Wednesday. Prices were expected to climb at a faster
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vor 3Std 57 Minuten
DAX Advances In Cautious Trade
After a weak start and a subsequent recovery that briefly lifted it slightly above the flat line, the German stock market retreated and slipped into negative territory Wednesday morning amid cautious moves by investors due to a lack of progress in Ukraine peace talks and a disappoint earnings update from Netflix.
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vor 4Std 16 Minuten
European Shares Mostly Lower; FTSE 100 Bucks Trend On Soft Inflation Data
European shares were mixed on Wednesday as investors digested a flurry of corporate earnings and closely watched the latest trade developments between the United States and China.
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vor 4Std 35 Minuten
Asian Shares Retreat As US-China Tensions Weigh
Asian stocks retreated on Wednesday, with renewed U.S.-China trade tensions and mixed U.S. earnings keeping investors on edge.
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vor 5Std 0 Minuten
