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CAC 40 Recovers From Slide To Trade Flat
(RTTNews) - French stocks recovered from an early slide to trade on a flat note Wednesday, as U.S. stock futures traded marginally higher a day after the steepest fall on Wall Street in two years.
The benchmark CAC 40 was marginally higher at 6,246 after closing 1.4 percent lower on Tuesday.
A cautious undertone prevailed as hotter-than-expected U.S. inflation data boosted bets that the Federal Reserve will stay aggressive in raising rates.
The increase in CPI now paves the way for the U.S. Federal Reserve to raise rates by 75-100 basis points in its next monetary policy meeting scheduled for next Wednesday.
Nomura analysts have called for a full percentage hike in short-term interest rates, citing the emergence of upside inflation risks.
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Asian Markets Track Wall Street Higher
Asian stock markets are trading mostly higher on Friday, following the broadly positive cues from Wall Street overnight, amid easing concerns about the ongoing trade war after US President Donald Trump unveiled the framework of a trade agreement with the U.K. The Japanese markets are leading regional gains amid hopes that the country will reach a trade agreement with the U.S. in June.
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1h 13min ago
Sensex, Nifty Set To Extend Losses As India-Pakistan Tensions Escalate
Indian shares look set to extend losses on Friday amid worries that the escalation of conflict with Pakistan, rising oil prices and a weakening rupee could hurt capital flows.
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1h 36min ago
Thai Shares Likely To Remain Rangebound
The Thai stock market has finished lower in two of three trading days since the end of the five-day winning streak in which it had advanced more than 50 points or 4.3 percent. The Stock Exchange of Thailand now sits just above the 1,205-point plateau although it may tick higher again on Friday.
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2h 13min ago
Japanese Market Significantly Higher
Extending the gains in the previous session, the Japanese market is significantly higher on Friday, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 37,200 level, with gains across all sectors led by index heavyweights and financial stocks.
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2h 37min ago
Indonesia Stock Market May Erase Thursday's Losses
The Indonesia stock market on Thursday ended the eight-day winning streak in which it had rallied more than 210 points or 3.2 percent. The Jakarta Composite Index now rests just above the 6,825-point plateau although it may find renewed support on Friday.
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2h 43min ago
Hong Kong Bourse Tipped To Open In The Green
The Hong Kong stock market has tracked higher in six straight sessions, soaring more than 800 points or 3.7 percent along the way. The Hang Seng Index now sits just above the 22,775-point plateau and it's expected to open to the upside again on Friday.
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2h 58min ago
Australian Market Slightly Higher
The Australian stock market is trading slightly higher on Friday after opening in the red, adding to the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,200 level, with gains in technology and energy stocks partially offset by weakness in mining and financial stocks.
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3h 11min ago
China Shares May Extend Winning Streak
The China stock market has finished higher in three straight sessions, gathering more than 70 points or 2.2 percent along the way. The Shanghai Composite Index now rests just above the 3,350-point plateau and it's expected to open to the upside again on Friday.
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3h 13min ago
