CAC 40 Little Changed As Recession Worries Mount

RTTNews | 990 days ago
CAC 40 Little Changed As Recession Worries Mount

(RTTNews) - French stocks were little changed on Thursday amid concerns that the Federal Reserve's ongoing interest rate hikes are driving the U.S. economy straight into a recession.

Sentiment was also hit by signs of weakening Chinese economic growth and concerns that the COVID pandemic in China may worsen.

The benchmark CAC 40 was marginally lower at 6,664 after closing down 0.4 percent the previous day.

The euro rose for a second day, approaching a six-month high against the dollar as U.S. Treasury yields dropped on expectations that the Federal Reserve might slow down its pace of policy tightening to avoid an impending recession in the United States.

Shares of automaker Renault were down 1.6 percent. The company said its new mobility unit Mobilize and deputy CEO of the group Clotilde Delbos has resigned.

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Indonesia Stock Market May End Losing Streak On Monday

Indonesia Stock Market May End Losing Streak On Monday

The Indonesia stock market has moved lower in two straight sessions, slipping almost 85 points or 1.1 percent along the way. The Jakarta Composite Index now sits just shy of the 7,860-point plateau although it's likely to stop the bleeding on Monday.
RTTNews | 25 minutes ago
Australian Market Notably Higher

Australian Market Notably Higher

The Australian stock market is notably higher on Monday, recouping the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving well above the 9,000.00 mark, with gains across most sectors led by mining and technology stocks. Financial stocks were the only weal spot.
RTTNews | 26 minutes ago
Hong Kong Shares Tipped To Open In The Green

Hong Kong Shares Tipped To Open In The Green

The Hong Kong stock market has moved higher in two of three trading days since the end of the four-day losing streak in which it had fallen more than 480 points or 1.7 percent. The Hang Seng Index now rests just beneath the 25,340-point plateau and it's expected to open higher again on Monday.
RTTNews | 40 minutes ago
China Stock Market May Extend Winning Streak

China Stock Market May Extend Winning Streak

The China stock market has moved higher in three straight sessions, advancing almost 100 points or 2.9 percent along the way. The Shanghai Composite Index now sits just above the 3,825-point plateau and it's expected to add to its winnings again on Monday.
RTTNews | 55 minutes ago
Rebound Anticipated For Taiwan Stock Market

Rebound Anticipated For Taiwan Stock Market

The Taiwan stock market on Friday snapped the two-day winning streak in which it had gained more than 600 points or 2.6 percent. The Taiwan Stock Exchange now rests just above the 23,760-point plateau, although it's likely to bounce higher again on Monday.
RTTNews | 1h 25min ago
Singapore Stock Market May See Additional Support On Monday

Singapore Stock Market May See Additional Support On Monday

The Singapore stock market has climbed higher in four straight sessions, improving more than 65 points or 1.5 percent along the way. The Straits Times Index now sits just above the 4,250-point plateau and it's got a strong lead again for Monday's trade.
RTTNews | 1h 55min ago
Malaysia Stock Market Likely To Crack Resistance At 1,600 Points

Malaysia Stock Market Likely To Crack Resistance At 1,600 Points

The Malaysia stock market has moved higher in two straight sessions, collecting almost 10 points or 0.7 percent along the way. The Kuala Lumpur Composite Index now sits just shy of the 1,600-point plateau and it's expected to open to the upside again on Monday.
RTTNews | 2h 25min ago
Japan Stock Market May Extend Friday's Gains

Japan Stock Market May Extend Friday's Gains

The Japan stock market on Friday halted the three-day losing streak in which it had stumbled more than 1,100 points or 2.7 percent. The Nikkei 225 now rests just above the 42,630-point plateau and it's expected to see additional support on Monday.
RTTNews | 2h 41min ago