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CAC 40 Subdued On Rate Hike Jitters
(RTTNews) - French stocks were little changed in cautious trade on Wednesday, a day after Federal Reserve Chair Jerome Powell flagged sharper rate hikes to rein in stubbornly high inflation depending on incoming data.
It is now believed that the Fed would revert to a 50-basis point rate hike at the March 21-22 policy meeting instead of 25 bps expected earlier.
The dollar climbed to three-month highs and the U.S. yield curve inverted further, denting demand for riskier assets.
The benchmark CAC 40 was marginally lower at 7,332 after declining half a percent the previous day.
Aerospace and defense company Thales Group tumbled 3 percent despite posting higher earnings and sales for 2022.
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Australian Market Extends Early Losses In Mid-market
The Australian stock market is extending its early losses in mid-market moves on Wednesday, adding to the losses in the previous session, with the benchmark S&P/ASX 200 falling well below the 8,800 level, following the broadly negative cues from Wall Street overnight, dragged by tumbling mining, energy and technology stocks.
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1घंटे 5 मिनट पहले
Asian Markets A Sea Of Red
Asian stock markets are a sea of red on Wednesday, following the broadly negative cues from Wall Street overnight, dragged by the benchmark indexes in Japan and South Korea which are plunging 4 to 5 percent each on concerns over stretched valuations as global tech stocks tumble on fears that an AI bubble is about to burst. Asian markets closed mostly lower on Tuesday.
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1घंटे 24 मिनट पहले
Indian Markets Closed For Guru Nanak Jayanti
Indian markets remain closed today for a public holiday in observance of Guru Nanak Jayanti.
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2घंटे 1 मिनट पहले
No Help Yet For Thai Stock Market
The Thai stock market has moved lower in four straight sessions, slumping more than 15 points or 1.1 percent along the way. The Stock Exchange of Thailand now sits just shy of the 1,300-point plateau and it's expected to open in the red again on Wednesday.
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2घंटे 30 मिनट पहले
Indonesia Shares Tipped To Open In The Red
The Indonesia stock market has finished lower in two of three trading days since the end of the two-day winning streak in which it had picked up almost 100 points or 1.2 percent. The Jakarta Composite Index now sits just above the 8,240-point plateau and the losses may accelerate on Wednesday.
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3घंटे 0 मिनट पहले
Japanese Market Sharply Lower
The Japanese stock market is trading sharply lower on Wednesday, extending the losses in the previous four sessions, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is tumbling nearly 3 percent to below the 50,050 level, with weakness across most sectors led by index heavyweights and technology stocks.
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3घंटे 7 मिनट पहले
Lower Open Anticipated For Hong Kong Stock Market
The Hong Kong stock market turned lower again on Tuesday, one day after halting the three-day losing streak in which it had dropped more than 520 points or 2 percent. The Hang Seng Index now rests just above the 25,950-point plateau and it's tipped to see continued consolidation on Wednesday.
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3घंटे 15 मिनट पहले
China Shares May Extend Tuesday's Losses
The China stock market headed south again on Tuesday, one day after ending the two-day slide in which it had dropped more than 60 points or 1.5 percent. The Shanghai Composite Index now sits just above the 3,960-point plateau and it's expected to open under water again on Wednesday.
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3घंटे 30 मिनट पहले
