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CAC 40 Extends Losses As Luxury Stocks Drag

RTTNews | hace 1068

CAC 40 Extends Losses As Luxury Stocks Drag

(RTTNews) - French stocks tumbled on Thursday, as investors reacted to fresh hawkish commentary from another key Fed official and a disappointing report on monthly private payrolls in the United States.

Traders also looked ahead to next week's ECB meeting after some policymakers called for another big interest rate hike to preserve the credibility of the central bank's inflation target.

The benchmark CAC 40 was down 101 points, or 1.7 percent, at 6,023 after falling 1.4 percent to extend its losing streak for the fifth straight session on Wednesday.

Spirits group Pernod Ricard fell about 1 percent despite posting better-than-expected annual results.

Luxury stocks were coming under selling pressure, with Hermes and LVMH declining 2-3 percent, after a private survey showed the country's manufacturing sector slipped into contraction for the first time in three months in August amid weakening demand.

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Japanese Market Modestly Higher

Japanese Market Modestly Higher

The Japanese stock market is trading modestly higher on Tuesday, reversing the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight, with the Nikkei 225 moving well above the 40,400 level, with small gains across most sectors led by exporters, automakers and financial stocks.

RTTNews | hace 22 minutos

Rebound Called For Indonesia Stock Market

Rebound Called For Indonesia Stock Market

The Indonesia stock market headed south again on Monday, one session after snapping the two-day slide in which it had dropped almost 140 points or 1.9 percent. The Jakarta Composite Index now sits just shy of the 7,465-point plateau although it's likely to see renewed support on Tuesday.

RTTNews | hace 29 minutos

Australian Market Significantly Higher

Australian Market Significantly Higher

The Australian stock market is trading significantly higher on Tuesday, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,700 level, with gains across all sectors led by mining and technology stocks.

RTTNews | hace 42 minutos

Hang Seng May Crack Resistance At 25,000 On Tuesday

Hang Seng May Crack Resistance At 25,000 On Tuesday

The Hong Kong stock market on Monday wrote a finish to the four-day losing streak in which it had stumbled more than 1,050 points or 4 percent. The Hang Seng Index now rests just above the 24,730-point plateau and it's expected to open higher again on Tuesday.

RTTNews | hace 44 minutos

China Shares Tipped To Open In The Green On Tuesday

China Shares Tipped To Open In The Green On Tuesday

The China stock market on Monday ended the two-day losing streak in which it had dropped more than 55 points or 1.7 percent. The Shanghai Composite Index now sits just shy of the 3,580-point plateau and it's expected to see additional support on Tuesday.

RTTNews | hace 59 minutos

Hong Kong Private Sector Ticks Higher In July - S&P Global

Hong Kong Private Sector Ticks Higher In July - S&P Global

The private sector in Hong Kong continued to contract in July, albeit at a slower pace, the latest survey from S&P Global revealed on Tuesday with a services PMI score of 49.2.

RTTNews | hace 1h 18min

Singapore Private Sector PMI Improves To 52.7 - S&P Global

Singapore Private Sector PMI Improves To 52.7 - S&P Global

The private sector in Singapore continued to expand in July, and at a faster pace, the latest survey from S&P Global revealed on Tuesday with a services PMI score of 52.7.

RTTNews | hace 1h 21min

Japan Services PMI Picks Up Steam In July - Jibun

Japan Services PMI Picks Up Steam In July - Jibun

The services sector in Japan continued to expand in July, and at a faster pace, the latest survey from Jibun Bank revealed on Tuesday with a services PMI score of 53.6.

RTTNews | hace 1h 23min

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