CAC 40 Declines On US-China Tensions

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CAC 40 Declines On US-China Tensions

(RTTNews) - French stocks tumbled on Monday as robust U.S. jobs data released on Friday fanned fears of more interest rate hikes to cool inflation.

According to the Federal Reserve, a strong labor market would lead to excessive wage growth which, in turn, would lead to inflation pressures.

U.S-China tensions also remained on investors' radar after the Biden administration decided to postpone Secretary of State Antony Blinken's upcoming trip to China in response to the Pentagon's discovery of an alleged Chinese spy balloon, that was later shot down.

The benchmark CAC 40 was down 66 points, or 1 percent, at 7,168 after climbing 0.9 percent on Friday.

Eurazeo fell over 1 percent after the investment company named a new executive board that will be led by two chairmen.

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Taiwan Stock Market May Spin Its Wheels On Tuesday

Taiwan Stock Market May Spin Its Wheels On Tuesday

The Taiwan stock market has tracked higher in back-to-back sessions, gathering almost 250 points or 1 percent along the way. The Taiwan Stock Exchange now sits just above the 24,480-point plateau although it may be stuck in neutral on Tuesday.
RTTNews | 20 मिनटों पहले
Losing Streak May Continue For Singapore Shares

Losing Streak May Continue For Singapore Shares

The Singapore stock market has moved lower in three straight sessions, falling more than 80 points or 1.9 percent along the way. The Straits Times Index now sits just above the 4,185-point plateau and it may take further damage again on Tuesday.
RTTNews | 50 मिनटों पहले
Malaysia Bourse May Hand Back Monday's Gains

Malaysia Bourse May Hand Back Monday's Gains

The Malaysia stock market on Monday ended the two-day slide in which it had fallen more than 10 points or 0.6 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,585-point plateau although it may head south again on Tuesday.
RTTNews | 1घंटे 20 मिनट पहले
Rally May Stall For Japan Stock Market

Rally May Stall For Japan Stock Market

The Japan stock market has moved higher in two straight sessions, surging more than 1,120 points or 2.8 percent along the way. The Nikkei 225 now sits just above the 43,710-point plateau although it may run out of steam on Tuesday.
RTTNews | 1घंटे 35 मिनट पहले
KOSPI May Extend Monday's Losses

KOSPI May Extend Monday's Losses

The South Korea stock market on Monday ended the two-day winning streak in which it had climbed more than 35 points or 1.1 percent. The KOSPI now sits just above the 3,175-point plateau and it may tick lower again on Tuesday.
RTTNews | 1घंटे 50 मिनट पहले
New Zealand Producer Price Data Due On Tuesday

New Zealand Producer Price Data Due On Tuesday

New Zealand will on Tuesday release Q2 figures for producer prices, highlighting a light day for Asia-Pacific economic activity.
RTTNews | 2घंटे 50 मिनट पहले
U.S. Dollar Firms Against Majors

U.S. Dollar Firms Against Majors

The U.S. dollar climbed against its major counterparts in the New York session on Monday, as investors monitored talks between President Donald Trump and Ukrainian leader Volodymyr Zelenskyy at the White House.
RTTNews | 3घंटे 11 मिनट पहले
TSX Down Marginally In Lackluster Trade

TSX Down Marginally In Lackluster Trade

Canadian stocks are turning in a lackluster performance on Monday as investors closely focusing on the meeting between U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskyy at the White House.
RTTNews | 6घंटे 54 मिनट पहले