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CAC 40 Retreats On Recession Worries
(RTTNews) - French stocks tumbled on Thursday amid worries that steep interest-rate hikes could tip the world's largest economy into a recession.
Fed Governor Christopher Waller is scheduled to speak later today amid speculation the Federal Reserve could raise its target fed funds rate by 1 percentage point at its July 26-27 meeting.
June's producer price report may also offer more clues on what the Fed might do.
On the earnings front, major U.S. banks JPMorgan Chase and Morgan Stanley will report their financial results.
The benchmark CAC 40 was down 70 points, or 1.2 percent, at 5,930 after closing 0.7 percent lower in the previous session.
The dollar resumed its relentless rise today, charting new 24-year highs against the yen and pinning the euro close to parity.
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U.S. Producer Prices Inch Up 0.1% In May, Less Than Expected
After reporting an unexpected decrease by U.S. producer prices in the previous month, the Labor Department released a report Thursday showing producer prices crept slightly higher in the month of May. The Labor Department said its producer price index for final demand inched up by 0.1 percent after slipping by a revised 0.2 percent in April.
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hace 2h 42min
U.S. Weekly Jobless Claims Unexpectedly Unchanged At Eight-Month High
The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits came in flat in the week ended June 7th. The report said initial jobless claims in at 248,000, unchanged from the previous week's revised level. Economists had expected jobless claims to dip to 240,000 from the 247,000 originally reported for the previous week.
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hace 2h 45min
Bay Street Likely To Open On Negative Note
Canadian shares are likely to open with a negative bias on Thursday as trade concerns, and Middle East tensions may weigh on sentiment.
A lack of specifics in the framework agreed to by U.S. and Chinese officials on Tuesday has raised uncertainty about the two nations reaching an agreement anytime soon.
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hace 3h 28min
U.S. Producer Prices Inch Up Less Than Expected In May
After reporting an unexpected decrease by U.S. producer prices in the previous month, the Labor Department released a report Thursday showing producer prices crept slightly higher in the month of May.
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hace 3h 55min
U.S. Weekly Jobless Claims Unchanged At 248,000
The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits came in flat in the week ended June 7th.
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hace 4h 1min
Boeing Shares Hit After 787-8 Dreamliner With 242 Onboard Crashes In India
Boeing Co. shares are currently down around 8 percent in the pre-market activity on the NYSE after an Air India aircraft headed to London with 242 people onboard crashed immediately after take-off in the Indian city of Ahmedabad. The plane, a Boeing 787-8 Dreamliner headed to Gatwick Airport in the UK, crashed in a civilian area near the Sardar Vallabhbhai Patel International Airport.
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hace 4h 14min
FTSE 100 Recovers After Weak Start, Up Marginally
After opening on a negative note amid trade tensions and data showing a contraction in the nation's GDP growth in April, U.K. stocks recovered some lost ground on Thursday.
Still, amid uncertainty about China and the U.S. agreeing on a concrete trade deal anytime soon, and lingering concerns about the European Union finalizing a trade deal before the July 8 deadline, the mood in the market remain
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hace 4h 24min
GameStop Shares Plunge After Plan To Raise $1.75 Bln
Shares of GameStop Corp. plunged around 11 percent in the extended trading on Wednesday and are currently trading 13 percent lower in the pre-market activity on the NYSE, after the company announced plan to raise $1.75 billion again in private offering, probably for Bitcoin purchase. GameStop's shares had declined sharply in March after the firm announced a $1.3 billion private offering.
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hace 5h 25min
