CAC 40 Extends Losses As Luxury Stocks Drag

RTTNews | 1067 일 전
CAC 40 Extends Losses As Luxury Stocks Drag

(RTTNews) - French stocks tumbled on Thursday, as investors reacted to fresh hawkish commentary from another key Fed official and a disappointing report on monthly private payrolls in the United States.

Traders also looked ahead to next week's ECB meeting after some policymakers called for another big interest rate hike to preserve the credibility of the central bank's inflation target.

The benchmark CAC 40 was down 101 points, or 1.7 percent, at 6,023 after falling 1.4 percent to extend its losing streak for the fifth straight session on Wednesday.

Spirits group Pernod Ricard fell about 1 percent despite posting better-than-expected annual results.

Luxury stocks were coming under selling pressure, with Hermes and LVMH declining 2-3 percent, after a private survey showed the country's manufacturing sector slipped into contraction for the first time in three months in August amid weakening demand.

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Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in choppy mid-market trading on Monday, also adding to the losses in the previous two sessions, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling below the 8,650.00 level, with weakness in energy, financial and technology stocks partially offset by strong gains in mining stocks.
RTTNews | 58 분 전
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Monday, following the negative cues from Wall Street on Friday, amid concerns about the economic impact of US President Donald Trump's unilateral "reciprocal tariffs" and aggressive trade stance on the global economy. However, the weaker than expected US monthly jobs data increased optimism about a potential interest rate cut by the US Fed in September.
RTTNews | 1 시간 40 분 전
Thai Stock Market Expected To Open In The Red Again On Monday

Thai Stock Market Expected To Open In The Red Again On Monday

The Thai stock market has moved lower in consecutive trading days, falling more than 25 points or 2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,220-point plateau and it's likely in for a rough ride again on Monday.
RTTNews | 2 시간 42 분 전
Indonesia Bourse May Turn Lower Again On Monday

Indonesia Bourse May Turn Lower Again On Monday

The Indonesia stock market on Friday halted the two-day slide in which it had dropped almost 140 points or 1.9 percent. The Jakarta Composite Index now sits just shy of the 7,540-point plateau although it's likely to head south again on Monday.
RTTNews | 3 시간 12 분 전
Japanese Market Sharply Lower; Down 2%

Japanese Market Sharply Lower; Down 2%

The Japanese stock market is trading sharply lower on Monday, extending the losses in the previous session, following the broadly negative cues from Wall Street on Friday, with the Nikkei 225 tumbling more than 2 percent to well below the 39,950 level, with weakness across all sectors led by exporters, automakers and financial stocks.
RTTNews | 3 시간 12 분 전
No Help Yet For Hong Kong Stock Market

No Help Yet For Hong Kong Stock Market

The Hong Kong stock market has tracked lower in four straight sessions, dropping more than 1,050 points or 4 percent along the way. The Hang Seng Index now rests just above the 24,500-point plateau and it's expected to open in the red again on Monday.
RTTNews | 3 시간 27 분 전