CAC 40 Declines On US Rate Hike Worries

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CAC 40 Declines On US Rate Hike Worries

(RTTNews) - French stocks fell in cautious trade on Thursday ahead of policy announcements from a slew of central banks later in the day.

Meanwhile, French manufacturers' confidence improved in September after weakening in the previous month, underpinned by a positive development in short-term personal production expectations, monthly data from the statistical office INSEE revealed.

The manufacturing sentiment index rose to 99.0 in September from 97.0 in August.

The overall business confidence index, which comprises the responses of business leaders from sectors such as manufacturing, construction, services, retail trade, and wholesale trade, stayed stable for the fourth straight month at 100.0 in September.

The benchmark CAC 40 was down 68 points, or 0.9 percent, at 7,262 after rising 0.7 percent in the previous session.

The dollar hit a 6-1/2 month high and Eurozone bond yields reached multi-month highs after the U.S. Federal Reserve signaled policy would remain restrictive for longer to curb stubborn inflation.

In corporate news, retailer Casino Group tumbled 3.6 percent after presenting its updated 2024-2028 business plan.

Vaccine maker Valneva fell more than 2 percent after posting a half-year loss.

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Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Friday, following the broadly positive cues from Wall Street overnight, as traders continued to digest the US Fed's interest rate cut by a quarter point and its impact on the markets. Fed officials' forecasts suggest two more rate cuts this year but just one next year, although there were significant differences of opinion about the outlook.
RTTNews | il y a 12 minutes
Thai Shares May Halt Slide On Friday

Thai Shares May Halt Slide On Friday

The Thai stock market has moved lower in consecutive trading days, shedding more than 10 points of 0.8 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,300-point plateau, although it may find support on Friday.
RTTNews | il y a 1h 14min
Japanese Market Notably Higher

Japanese Market Notably Higher

Extending the gains in the previous session, the Japanese market is notably higher on Friday, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 45,700 level, with gains across most sectors led by automakers, financial and technology stocks.
RTTNews | il y a 1h 32min
Higher Open Tipped For Indonesia Stock Market

Higher Open Tipped For Indonesia Stock Market

The Indonesia stock market on Thursday ended the seven-day winning streak in which it had surged almost 400 points or 5 percent. The Jakarta Composite Index now sits just shy of the 8,010-point plateau, although it may tick higher again on Friday.
RTTNews | il y a 1h 44min
Australian Market Notably Higher

Australian Market Notably Higher

The Australian stock market is trading notably higher on Friday, reversing the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,800 level, with gains energy and technology stocks partially offset by weakness in mining stocks.
RTTNews | il y a 1h 45min
Hong Kong Bourse Expected To Remain Rangebound

Hong Kong Bourse Expected To Remain Rangebound

The Hong Kong stock market has moved lower in two of three trading days since the end of the two-day winning streak in which it had jumped more than 360 points or 1.4 percent. The Hang Seng Index now sits just beneath the 26,550-point plateau although it's likely to move back to the upside again on Friday.
RTTNews | il y a 1h 59min
China Shares May Bounce Higher Again On Friday

China Shares May Bounce Higher Again On Friday

The China stock market on Thursday ended the two-day winning streak in which it had collected more than 15 points or 0.4 percent. The Shanghai Composite Index now rests just above the 3,830-point plateau although it's expected to rebound on Friday.
RTTNews | il y a 2h 14min