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CAC 40 Inches Higher As Inflation Holds Stable
(RTTNews) - French stocks were moving higher on Wednesday after data showed the country's inflation rate held stable at 6.2 percent in November.
On an EU-harmonized basis, the annual remained at 7.1 percent in the month, matching expectations.
Investors await crucial Eurozone inflation data as well as Fed Chair Jerome Powell's speech later in the day for directional cues.
Ahead of the ECB's interest-rate decision next month, ECB President Christine Lagarde said earlier this week that inflation in Europe hasn't reached its peak yet and it risks turning out even higher than currently expected.
The benchmark CAC 40 was up 15 points, or 0.2 percent, at 6,684 after finishing marginally higher on Tuesday.
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Japan Stock Market May Extend Wednesday's Losses
The Japanese stock market moved back to the downside again on Wednesday, one day after ending the four-day losing streak in which it had slumped more than 700 points or 2 percent. The Nikkei 225 now sits just beneath the 37,300-point plateau and it may take further damage again on Thursday.
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18 minutes ago
Australia Manufacturing PMI Steady At 51.7 In May - S&P Global
The manufacturing sector in Australia continued to expand in May, and at a steady pace, the latest survey from S&P Global revealed on Thursday with a manufacturing PMI score of 51.7.
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23 minutes ago
South Korea Shares May Open In The Red On Thursday
The South Korea stock market on Wednesday ended the two-day slide in which it had slipped more than 25 points or 0.9 percent. The KOSPI now rests just above the 2,625-point plateau, although it's likely to hand back those gains again on Thursday.
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33 minutes ago
Japan Core Machinery Order Data Due On Thursday
apan will on Thursday release March figures for core machinery orders, highlighting a busy day for Asia-Pacific economic activity. Orders are expected to slip 1.5 percent on month and 2.5 percent on year after rising 4.3 percent on month and 1.5 percent on year in February.
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1h 33min ago
Pound Advances After U.K. Inflation Data
The pound was higher against its major counterparts in the New York session on Wednesday, after data showing an acceleration in consumer price inflation in the month of April.
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4h 40min ago
Canadian Market Turns Weak, Set To Snap 10-session Winning Streak
After ten straight days of gains, the Canadian market is down in negative territory Wednesday afternoon, weighed down by losses in healthcare, technology, real estate and consumer discretionary sectors.
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5h 38min ago
Swiss Markets Ends Modestly Lower
The Switzerland market ended lower on Wednesday after languishing in negative territory right through the day's trading session, as concerns about trade and geopolitical uncertainty rendered the mood cautious, prompting investors to refrain from making significant moves.
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6h 19min ago
European Stocks Close On Mixed Note Amid Geopolitical, Trade Uncertainty
European stocks turned in a mixed performance on Wednesday after a cautious session as investors awaited clarity on the trade front. The impasse in Ukraine peace talks and data showing a bigger than expected increase in UK inflation weighed on sentiment.
A downward revision in U.S. federal deficit weighed as well.
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6h 57min ago
