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CAC 40 Little Changed As Yields Climb On Fading Rate Cut Hopes
(RTTNews) - French stocks were little changed on Monday amid facing expectations of an early rate cut in the U.S.
The dollar and bond yields remained supported after government data showed U.S. job growth surged unexpectedly in December.
The yields on the European 10-year benchmark note and the German 10-year rose for a third straight session ahead of U.S. consumer price inflation and producer price inflation data due this week.
The benchmark CAC 40 was marginally higher at 7,422 after losing 0.4 percent on Friday. Casino shares fell about 1 percent. The retail company said that the European Commission has authorized a consortium led by Daniel Kretinsky to take control of the Group as part of the financial restructuring.
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DAX Advances In Cautious Trade
After a weak start and a subsequent recovery that briefly lifted it slightly above the flat line, the German stock market retreated and slipped into negative territory Wednesday morning amid cautious moves by investors due to a lack of progress in Ukraine peace talks and a disappoint earnings update from Netflix.
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15 minutes ago
European Shares Mostly Lower; FTSE 100 Bucks Trend On Soft Inflation Data
European shares were mixed on Wednesday as investors digested a flurry of corporate earnings and closely watched the latest trade developments between the United States and China.
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33 minutes ago
Asian Shares Retreat As US-China Tensions Weigh
Asian stocks retreated on Wednesday, with renewed U.S.-China trade tensions and mixed U.S. earnings keeping investors on edge.
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58 minutes ago
European Shares Seen Tad Lower At Open
European stocks are seen opening a tad lower on Wednesday as Ukraine war discussions remain stalled and Netflix earnings disappointed.
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4h 9min ago
European Economic News Preview: UK Inflation Data Due
Inflation from the UK is the major economic news due on Wednesday on an otherwise light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK consumer and producer prices for September. Inflation is forecast to ease to 3.8 percent from 4.0 percent in August.
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4h 33min ago
Australian Market Trims Early Losses In Mid-market
The Australian stock market is trimming 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 9,050 level, following the mixed cues from Wall Street overnight, dragged by tumbling gold mining stocks as bullion prices recorded its biggest intra-day drop in nearly 12 years.
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5h 53min ago
Asian Markets Trade Mostly Lower
Asian stock markets are trading mostly lower on Wednesday, following the mixed cues from Wall Street overnight, as traders may be reluctant to continue buying stocks amid lingering concerns about the U.S.-China trade tensions and the ongoing US government shutdown. A lack of major U.S. economic data due in part to the shutdown may also have kept some traders on the sidelines.
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6h 30min ago
Thai Shares: Strong Resistance At 1,300 Points
The Thai stock market has finished higher in back-to-back sessions, gathering more than 15 points or 1.2 percent in that span. The Stock Exchange of Thailand now sits just above the 1,290-point plateau although it figures to see little movement on Wednesday.
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7h 40min ago
