CAC 40 Slides On Interest-rate Worries

RTTNews | 1275天前
CAC 40 Slides On Interest-rate Worries

(RTTNews) - French stocks lost ground on Wednesday as inflation and interest-rate worries returned to haunt investors.

Risk-off sentiment prevailed ahead of speeches by a couple of European Central Bank policy-makers and U.S. Federal Reserve Chair Jerome Powell later in the day.

The benchmark CAC 40 dropped 116 points, or 2 percent, to 5,848 after gaining 0.8 percent on Tuesday.

Capgemini fell 1.3 percent while Orange advanced 0.8 percent. The companies confirmed that Bleu, their future joint venture that will provide trusted cloud ("Cloud de Confiance"2) services to address the needs of specific French organizations, is expected to start supporting clients in preparing for their migration by the end of 2022.

Banking group Crédit Agricole SA declined 1.6 percent after unveiling a new strategic roadmap. The lender said it targets one million extra retail banking customers by 2025 and a net profit of more than 6 billion euros ($6.30 billion.

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Japanese Market Significantly Higher

Japanese Market Significantly Higher

Reversing the losses in the previous session, the Japanese market is trading significantly higher on Friday, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 49,400 level, with gains in automakers, financial and technology stocks.
RTTNews | 1小時2分鐘前
Australian Market Notably Higher

Australian Market Notably Higher

The Australian stock market is trading notably higher on Friday, extending the slight gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well below the 8,600 level, with gains in technology and financial stocks partially offset by weakness in gold miner stocks.
RTTNews | 1小時23分鐘前
Taiwan Stock Market May Find Traction On Friday

Taiwan Stock Market May Find Traction On Friday

The Taiwan stock market has finished lower in four straight sessions, sinking more than 730 points or 2.7 percent along the way. The Taiwan Stock Exchange now sits just beneath the 27,470-point plateau although it's expected to halt its slide on Friday.
RTTNews | 1小時45分鐘前
Losing Streak May End For Singapore Stock Market

Losing Streak May End For Singapore Stock Market

The Singapore stock market has moved lower in three straight sessions, sinking almost 20 points or 0.4 percent in that span. The Straits Times Index now sits just above the 4,570-point plateau although it may find traction on Friday.
RTTNews | 2小時15分鐘前
Rebound Anticipated For Japan Stock Market

Rebound Anticipated For Japan Stock Market

The Japanese stock market turned lower again on Thursday, one day after ending the two-day losing streak in which it had tumbled almost 1,500 points or 3.2 percent. The Nikkei 225 now sits just above the 49,000-point plateau although it may bounce higher again on Friday.
RTTNews | 3小時0分鐘前
South Korea Shares Tipped To Bounce Higher Again On Friday

South Korea Shares Tipped To Bounce Higher Again On Friday

The South Korea stock market headed south again on Thursday, one day after snapping the two-day slide in which it had given up almost 170 points or 4.1 percent. The KOSPI now sits just beneath the 4,000-point plateau although it's likely to reclaim that mark when it opens on Friday.
RTTNews | 3小時15分鐘前
Japan Rate Decision, Inflation Data Due On Friday

Japan Rate Decision, Inflation Data Due On Friday

The Bank of Japan will wrap up its monetary policy meeting on Friday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The BoJ is expected to hike its benchmark lending rate by 25 basis points, to 0.75 percent from 0.50 percent.
RTTNews | 3小時45分鐘前