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CAC 40 Slides As Fed Flags Lack Of Further Progress On Inflation
(RTTNews) - French stocks fell notably on Thursday after the U.S. Federal Reserve said it doesn't plan to cut interest rates until it has "greater confidence" that price increases are slowing.
Also weighing on sentiment, the latest HCOB PMI data showed that conditions in the French manufacturing sector continued to deteriorate at the start of the second quarter.
The benchmark CAC 40 was down 67 points, or 0.8 percent, at 7,919 as trading resumed after the May Day holiday.
In corporate news, office services and call center company Teleperformance surged nearly 10 percent after quarterly revenue jumped 26.7 percent, boosted by its acquisition of Dutch rival Majorel completed last year.
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European Markets Seen Opening Positive On Wednesday
Stock markets in Europe are expected to open on a mildly positive note on Wednesday amidst the strong rally in Wall Street on Tuesday fueled by Fed rate cut hopes.
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hace 41 minutos
European Economic News Preview: Italy Industrial Output Data
Industrial production from Italy and Spain are the major economic reports due on Wednesday. At 2.00 am ET, Statistics Norway publishes consumer prices for August. In July, inflation advanced to 3.3 percent from 3.0 percent in June. At 3.00 am ET, Statistics Spain is set to issue industrial production data for July. Output had climbed 2.3 percent on a yearly basis in June.
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hace 1h 23min
Sensex, Nifty Up Firmly In Positive Territory; IT Stocks Shine Again
Indian stocks are up firmly in positive territory Wednesday morning after a bright start, with technology and PSU bank stocks hogging the limelight.
Expectations of more reductions in GST rates, and reports about prospects of trade talks between India and the U.S. contribute to the positive mood in the markets.
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hace 1h 28min
Australian Market Extends Early Gains In Mid-market
The Australian market is extending its early gains in mid-market moves on Wednesday after opening in the red, reversing some of the losses in the previous two sessions, with the benchmark S&P/ASX 200 staying above the 8,800 level, following the broadly positive cues from Wall Street overnight, with gains in financial and technology stocks partially offset by weakness in mining and energy stocks.
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hace 3h 27min
Indian Shares Likely To Open Higher
Indian shares look headed for a positive start on Wednesday, tracking global cues. Activity is likely to turn stock specific with investors reacting to corporate news. Automobile stocks may find support with several companies deciding to pass on the benefit of recent GST reduction to customers.
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hace 3h 35min
Asian Markets Track Wall Street Higher
Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, amid growing optimism about the outlook for interest rates after sharp downward revisions in US jobs data and ahead of the release of the closely watched US inflation data later in the week. Currencies in the region also strengthened against the US dollar.
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hace 3h 45min
Higher Open Called For Thai Stock Market
The Thai stock market has moved higher in three straight sessions, adding almost 25 points or 2 percent along the way. The Stock Exchange of Thailand now sits just above the 1,275-point plateau and it's tipped to open in the green again on Wednesday.
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hace 4h 56min
Indonesia Bourse May End Losing Streak On Wednesday
The Indonesia stock market has moved lower in three straight sessions, sinking almost 260 points or 3.6 percent in that span. The Jakarta Composite Index now rests just beneath the 7,630-point plateau although it's due for support on Wednesday.
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hace 5h 26min
