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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Singapore Bourse May Halt Losing Streak

Singapore Bourse May Halt Losing Streak

The Singapore stock market has moved lower in back-to-back sessions, slumping more than 15 points or 0.4 percent along the way. The Straits Times Index now sits just beneath the 4,340-point plateau although it may stop the bleeding on Tuesday.
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Win Streak May Continue For Japan Stock Market

Win Streak May Continue For Japan Stock Market

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KOSPI Has Another Positive Lead For Tuesday

KOSPI Has Another Positive Lead For Tuesday

The South Korea stock market has moved higher in 10 straight sessions, surging more than 260 points or 8.3 percent along the way. Now at another fresh record closing high, the KOSPI sits just beneath the 3,410-point plateau and it's tipped to open in the green again on Tuesday.
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South Korea Import, Export Price Data Due On Tuesday

South Korea Import, Export Price Data Due On Tuesday

South Korea will on Tuesday see August numbers for import and export prices, highlighting a light day for Asia-Pacific economic activity. In July, import prices were down 5.9 percent on year and export prices fell an annual 4.3 percent.
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South Korea Export Prices Rise 0.7% In August

Export prices in South Korea were up a seasonally adjusted 0.7 percent on month in August, the Bank of Korea said on Tuesday - after adding 0.8 percent in July.
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U.S. Dollar Falls Before Fed Decision

U.S. Dollar Falls Before Fed Decision

The U.S. dollar weakened against its major counterparts in the New York session on Monday, ahead of the Federal Reserve's policy decision on Wednesday.
RTTNews | 3घंटे 10 मिनट पहले
Swiss Market Ends Weak After Choppy Ride

Swiss Market Ends Weak After Choppy Ride

The Switzerland market ended on a weak note on Monday after spending much of the day's session in negative territory, as investors stayed wary of picking up stocks, choosing to wait for some clear directional clues.
RTTNews | 5घंटे 56 मिनट पहले
European Markets Close Mostly Higher Ahead Of Central Bank Policy Meetings

European Markets Close Mostly Higher Ahead Of Central Bank Policy Meetings

The markets in Europe closed mostly higher on Monday, although the UK market underperformed and settled slightly lower. Investors digested a batch of regional economic data, and looked ahead to the monetary policy announcements from the Federal Reserve, the Bank of England the Bank of Japan due later in the week.
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