CAC 40 Retreats On Recession Worries

RTTNews | hace 1065
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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Yen Rises Against Most Majors

Yen Rises Against Most Majors

The Japanese yen strengthened against most major currencies in the Asian session on Friday.
RTTNews | hace 36 minutos
European Shares Set For Gap-down Open

European Shares Set For Gap-down Open

European shares are seen opening sharply lower on Friday as trade uncertainties and escalating geopolitical tensions sparked flight to safety.
RTTNews | hace 1h 15min
European Economic News Preview: Eurozone Industrial Output, Trade Data Due

European Economic News Preview: Eurozone Industrial Output, Trade Data Due

Industrial production and foreign trade from the euro area and final inflation figures from Germany and France are the top economic news due on Friday. At 2.00 am ET, Destatis is scheduled to issue Germany's final consumer and harmonized prices and wholesale prices for May. The flash estimate showed that consumer price inflation remained unchanged at 2.1 percent.
RTTNews | hace 2h 3min
Australian Market Doubles Early Losses In Mid-market

Australian Market Doubles Early Losses In Mid-market

The Australian stock market is doubling its early loses in mid-market moves on Friday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,550 level, with weakness is technology stocks partially offset by gains in gold miners and energy stocks.
RTTNews | hace 3h 36min