CAC 40 Slips On Rate Hike Worries

RTTNews | 972天前
CAC 40 Slips On Rate Hike Worries

(RTTNews) - French stocks were moving lower on Thursday after the U.S. Federal Reserve and Swiss National Bank both hiked their key policy rates by 75 basis points, adding to worries of a global economic slowdown.

Investors looked forward to the Bank of England (BOE) Monetary policy summary and interest rate decision later in the day for further direction on the rate outlook.

In economic releases, the confidence among French manufacturers eased further as expected in September, though marginally, survey results from the statistical office Insee showed.

The manufacturing confidence index dropped to 102 in September from 103 in August. That was in line with economists' expectations.

The benchmark CAC 40 slipped 10 points, or 0.2 percent, to 6,022 after climbing 0.9 percent in the previous session.

Hospitality firm Accor slumped 7.6 percent after investment bank JP Morgan cut its rating on the stock from neutral to underweight, saying the group would not be able to return to its previous level of profitability.

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CAC 40 Moderately Lower In Cautious Trade

CAC 40 Moderately Lower In Cautious Trade

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RTTNews | 20分鐘前
Sensex, Nifty Snap Three-day Losing Streak

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RTTNews | 27分鐘前
DAX Drifts Lower On Geopolitical Concerns

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RTTNews | 49分鐘前
Asian Shares Rise In Cautious Trade; Nikkei Drops On Yen Strength

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RTTNews | 2小時1分鐘前
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RTTNews | 3小時9分鐘前
Japan Exports Growth Softens On Higher Trade Tariffs

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Japan's exports grew at a slower pace in April largely due to the higher tariffs imposed by the US administration, official data revealed Wednesday. Exports climbed 2.0 percent on a yearly basis in April, slower than the 4.0 percent increase in March, the Ministry of Finance reported. Exports have been rising since last September and the latest growth matched economists' expectations.
RTTNews | 4小時22分鐘前
European Shares May Struggle At Open

European Shares May Struggle At Open

European stocks are seen opening little changed on Wednesday, with U.S. fiscal concerns, geopolitical tensions and the Fed outlook likely to be in focus.
RTTNews | 5小時16分鐘前