CAC 40 Tumbles On China Concerns

RTTNews | 830天前
CAC 40 Tumbles On China Concerns

(RTTNews) - French stocks traded sharply lower on Friday as investors reacted to hawkish remarks from a Fed official and a profit warning from China's biggest property developer, Country Garden.

Meanwhile, France's consumer price inflation eased further in July to the lowest level in nearly one-and-a-half years as estimated, the latest data from the statistical office INSEE showed earlier today.

The consumer price index climbed 4.3 percent year-over-year in July, slower than the 4.5 percent gain in June. That was in line with the flash data published on July 27.

Moreover, the latest inflation was the weakest since February 2021, when prices had risen 3.6 percent.

Separate data revealed the French unemployment rate rose to 7.2 percent in the second quarter from 7.1 percent in the previous quarter.

The benchmark CAC 40 was down 74 points, or 1 percent, at 7,359 after rallying 1.5 percent in the previous session.

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Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian markets are trading mostly higher on Wednesday, despite the negative cues from Wall Street overnight, as traders look to pick up stocks at a bargain following the three-day sell-off in the markets. They are also cautious ahead to the release of some US economic data that was delayed, including the September jobs report on Thursday for clues on the outlook for interest rates.
RTTNews | 1小時20分鐘前
Thai Stock Market May Extend Tuesday's Losses

Thai Stock Market May Extend Tuesday's Losses

The Thai stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day slide in which it had given up more than 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,270-point plateau and it's got another weak lead for Wednesday's trade.
RTTNews | 2小時31分鐘前
Japanese Market Slightly Higher

Japanese Market Slightly Higher

The Japanese stock market is slightly higher on Wednesday after opening in the green and briefly slipping in to the red, reversing some of the losses in the previous three sessions, following the negative cues from Wall Street overnight. The Nikkei 225 is staying above the 48,700 level, with gains in automakers and index heavyweights partially offset by weakness in financial and technology stocks.
RTTNews | 2小時46分鐘前
Lower Open Called For Indonesia Stock Market

Lower Open Called For Indonesia Stock Market

The Indonesia stock market headed south again on Tuesday, one day after snapping the two-day slide in which it had slipped almost 20 points or 0.3 percent. The Jakarta Composite Index now sits just above the 8,360-point plateau although the losses may accelerate on Wednesday.
RTTNews | 3小時1分鐘前
Hong Kong Shares Expected To Open In The Red

Hong Kong Shares Expected To Open In The Red

The Hong Kong stock market has finished lower in three straight sessions, slumping almost 1,150 points or 4.3 percent along the way. The Hang Seng Index now rests just above the 25,900-point plateau and it may extend its losses on Wednesday.
RTTNews | 3小時16分鐘前
Australian Market Slightly Higher

Australian Market Slightly Higher

Australian shares are trading slightly higher on Wednesday, reversing some of the sharp losses in the previous session, with the benchmark S&P/ASX 200 staying well above the 8,450 level, despite the broadly negative cues from Wall Street overnight, with gains in gold miner stocks partially offset by weakness in financial stocks. Most other sectors are performing mixed.
RTTNews | 3小時23分鐘前