CAC 40 Slides Ahead Of A Busy Week Of Inflation Readings

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CAC 40 Slides Ahead Of A Busy Week Of Inflation Readings

(RTTNews) - French stocks were a tad lower on Monday as investors braced for another week of corporate earnings and a fresh round of inflation data from the United States and China.

China's trade balance figures on Tuesday and inflation data due on Wednesday will give clues to the country's recovery trajectory.

The U.S. consumer price inflation report for July is slated to be released on Thursday and the producer price inflation report on Friday as investors seek further clarity on the path of inflation and the health of the world's largest economy.

The benchmark CAC 40 was down 17 points, or 0.2 percent, at 7,298 after climbing 0.8 percent on Friday.

The euro traded weak after official data showed that German industrial production plunged 1.5 percent month-on-month in June.

Elsewhere, the Eurozone Sentix Investor Confidence improved to -18.9 in August from -22.5 in July. Analysts had expected a score of -23.4.

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Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Monday, adding to the losses in the previous four sessions, following the mixed cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling to near the 8,600.00 level, with weakness in financial stocks and mixed performance across most other sectors.
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Asian Markets Trade Mixed

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Lower Open Called For Thai Stock Market

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Japanese Market Modestly Lower

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Hong Kong Bourse Tipped To Open In The Red

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Australian Market Slightly Lower

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