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CAC 40 Retreats On Fed Rate Hike Worries
(RTTNews) - French stocks declined on Thursday after the minutes of last month's Fed meeting, released overnight, quelled hopes of rate-hike cycle ending anytime soon.
The minutes showed that officials are laser-focused on controlling inflation despite mounting economic uncertainties.
The benchmark CAC 40 was down 40 points, or 0.6 percent, at 6,735 after rising 2.3 percent the previous day.
Technip Energies N.V. shares jumped 3.5 percent. The engineering and technology firm said that it has renewed a framework agreement contract for Project Management Consultancy by Kuwait Oil Company (KOC) for another five years.
The first five-year framework agreement was awarded to Technip Energies by KOC in 2014.
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Thai Stock Market May Reverse Friday's Losses
The Thai stock market headed south again on Friday, one session after ending the two-day slide in which it had slumped more than 30 points or 2.4 percent. The Stock Exchange of Thailand now rests just above the 1,135-point plateau although it figures to bounce higher again on Monday.
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38 minutes ago
Rebound Anticipated For Hong Kong Stock Market
The Hong Kong stock market on Friday ended the three-day winning streak in which it had rallied almost 750 points or 3.5 percent. The Hang Seng Index now sits just above the 23,790-point plateau although it's likely to find renewed support on Monday.
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53 minutes ago
Win Streak May Continue For China Stock Market
The China stock market has finished higher in four straight sessions, advancing more than 35 points or 1.1 percent along the way. The Shanghai Composite Index now sits just above the 3,385-point plateau and it may add to its winnings again on Monday.
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1h 8min ago
Taiwan Shares Tipped To Open To The Upside On Monday
The Taiwan stock market on Friday halted the three-day winning streak in which it had jumped almost 680 points or 3.2 percent. The Taiwan Stock Exchange now sits just above the 21,660-point plateau although it's likely to find renewed support on Monday.
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1h 38min ago
Japan Has Y2.258 Trillion Current Account Surplus In April
Japan posted a current account surplus of 2.258 trillion yen in April, the Ministry of Finance said on Monday.
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1h 58min ago
Singapore Bourse Poised To Extend Winning Streak
The Singapore stock market has climbed higher in four straight sessions, collecting almost 40 points or 1 percent along the way. The Straits Times Index now sits just beneath the 3,935-point plateau and it may extend its gains on Monday.
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2h 8min ago
Japan GDP Flat On Quarter In Q1
Japan's gross domestic product was unchanged on a seasonally adjusted quarterly basis from the previous quarter, the Cabinet Office said on Monday.
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2h 12min ago
Malaysia Shares May Bounce Higher On Monday
The Malaysia stock market on Friday snapped the two-day winning streak in which it had gained almost 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just above the 1,515-point plateau although it's expected to see renewed support on Monday.
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2h 38min ago
