CAC 40 Slides On Inflation Concerns

RTTNews | 726 days ago
CAC 40 Slides On Inflation Concerns

(RTTNews) - French stocks traded lower on Friday after an upside revision to September inflation. According to final figures from the INSEE statistics body, the inflation figure, on an EU-harmonized basis, has been revised up to 5.7 percent from the preliminary figure of 5.6 percent.

Spanish annual inflation also stood higher for a third consecutive month at 3.5 percent, raising pressure on the European Central Bank to keep interest rates at an elevated time for some time.

The benchmark CAC 40 was down 24 points, or 0.3 percent, at 7,080 after losing 0.4 percent the previous day.

Real estate company Unibail-Rodamco-Westfield was moving lower after it received a binding offer from real estate company Frey for Polygone Riviera for a net disposal price of 272.3 million euros. The price is at a 4 percent discount to last unaffected book value.

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Asian Markets Slide As Tech Stocks Drop On Valuation Concerns

Asian Markets Slide As Tech Stocks Drop On Valuation Concerns

Asian stocks ended mostly lower on Wednesday after Wall Street's main indexes pulled back from record highs overnight on the back of mixed messages from Federal Reserve officials on the pace on interest-rate cuts and concerns about a bubble forming around artificial intelligence.
RTTNews | 36 minutes ago
New Zealand Cuts Rate By 50 Bps; Signals More Easing

New Zealand Cuts Rate By 50 Bps; Signals More Easing

The Reserve Bank of New Zealand reduced its benchmark rate at a steeper-than-expected pace on Wednesday and signaled further reductions. The Monetary Policy Committee, chaired by Christian Hawkesby, decided to cut the overnight cash rate by 50 basis points to 2.50 percent, the lowest since July 2022. The reduction was steeper than the quarter-point cut anticipated by economists.
RTTNews | 1h 33min ago
European Economic News Preview: German Industrial Output Data Due

European Economic News Preview: German Industrial Output Data Due

Industrial production from Germany is set to be released on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis publishes Germany's industrial output data for August. Output is expected to fall 1.0 percent month-on-month, in contrast to the 1.3 percent increase in July.
RTTNews | 3h 28min ago
European Shares Likely To Open On Firm Note

European Shares Likely To Open On Firm Note

European stocks are seen opening broadly higher on Wednesday as investors digest mixed remarks from Fed officials and await the minutes of the of the Federal Reserve's latest monetary policy meeting for additional clues on the size and pace of rate cuts in the months ahead.
RTTNews | 3h 45min ago
Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian stock market is trimming its early losses in mid-market moves on Wednesday, but adding to the losses in the previous two sessions, with the benchmark S&P/ASX 200 falling below the 8,950 level, following the broadly negative cues from Wall Street overnight, with weakness in gold miners, energy and financial stocks.
RTTNews | 5h 49min ago
Asian Markets Track Wall Street Lower

Asian Markets Track Wall Street Lower

Asian stock markets are mostly lower on Wednesday, following the broadly negative cues from Wall Street overnight, as some traders booked some profits following recent strength in the markets. The lack of data amid the U.S. government shutdown has led to uncertainty about the outlook for interest rates, although the US Fed is widely expected to cut rates by another quarter point later this month.
RTTNews | 6h 13min ago
Sensex, Nifty Set For Muted Start

Sensex, Nifty Set For Muted Start

Indian shares are seen opening flat to slightly lower on Wednesday as investors react to weak cues from global markets and await cues from the upcoming September-quarter earnings season.
RTTNews | 6h 42min ago