CAC 40 Subdued On Rate Hike Jitters

RTTNews | 971 days ago
CAC 40 Subdued On Rate Hike Jitters

(RTTNews) - French stocks were little changed in cautious trade on Wednesday, a day after Federal Reserve Chair Jerome Powell flagged sharper rate hikes to rein in stubbornly high inflation depending on incoming data.

It is now believed that the Fed would revert to a 50-basis point rate hike at the March 21-22 policy meeting instead of 25 bps expected earlier.

The dollar climbed to three-month highs and the U.S. yield curve inverted further, denting demand for riskier assets.

The benchmark CAC 40 was marginally lower at 7,332 after declining half a percent the previous day.

Aerospace and defense company Thales Group tumbled 3 percent despite posting higher earnings and sales for 2022.

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Australian Market Notably Lower

Australian Market Notably Lower

The Australian stock market is trading notably lower on Tuesday, reversing the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,850 level, with weakness in iron ore miners, financial, energy and technology stocks partially offset by gains in gold miners and stocks.
RTTNews | 1h 6min ago
China Stock Market May Spin Its Wheels On Tuesday

China Stock Market May Spin Its Wheels On Tuesday

The China stock market on Monday ended the two-day slide in which it had dropped more than 60 points or 1.5 percent. The Shanghai Composite Index now sits just above the 3,975-point plateau and it's likely to be rangebound on Tuesday.
RTTNews | 1h 14min ago
Tech Shares May Boost Taiwan Stock Market

Tech Shares May Boost Taiwan Stock Market

The Taiwan stock market on Monday snapped the two-day slide in which it had slipped more than 60 points or 0.2 percent. The Taiwan Stock Exchange now sits just above the 28,330-point plateau and it may tick higher again on Tuesday.
RTTNews | 1h 44min ago
Singapore Shares May Remain Stuck In Neutral On Tuesday

Singapore Shares May Remain Stuck In Neutral On Tuesday

The Singapore stock market on Monday wrote a finish to the three-day slide in which it had slipped more than 20 points or 0.5 percent. The Straits Times Index now sits just beneath the 4,450-point plateau although it may spin its wheels on Tuesday.
RTTNews | 2h 14min ago
Little Movement Seen For Malaysia Stock Market

Little Movement Seen For Malaysia Stock Market

The Malaysia stock market has finished higher in two of three trading days since the end of the two-day slide in which it had slipped almost 7 point or 0.5 percent. The Kuala Lumpur Composite Index now sits just above the 1,620-point plateau and it's expected to remain in that neighborhood again on Tuesday.
RTTNews | 2h 44min ago
Rally May Stall For Japan Stock Market

Rally May Stall For Japan Stock Market

Ahead of Monday's holiday for Culture Day, the Japan stock market had jumped higher in three straight sessions, advancing almost 2,200 points or 4 percent in that span. The Nikkei 225 now rests just above the 52,400-point plateau although it may run out of steam on Tuesday.
RTTNews | 2h 51min ago