CAC 40 Slips Into Red As Investors Await FOMC Minutes

RTTNews | 621 days ago
CAC 40 Slips Into Red As Investors Await FOMC Minutes

(RTTNews) - French stocks traded lower on Wednesday as Fed rate cut optimism faded and bond yields rebounded ahead of key U.S. economic data and the release of FOMC minutes that could provide further clues on the Federal Reserve's rate path.

Eurozone bond yields edged higher ahead of German inflation data due Thursday that could provide further clues about the European Central Bank's monetary path going forward.

The benchmark CAC 40 was down 29 points, or 0.4 percent, at 7,501 after declining around 0.2 percent in the previous session.

Atos, a multinational information technology service and consulting company, rallied 2.2 percent after an announcement that it will open due diligence talks with Airbus for a potential sale of its entire big data & security or BDS unit.

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European Economic News Preview: Eurozone Foreign Trade Data Due

European Economic News Preview: Eurozone Foreign Trade Data Due

Foreign trade from Eurozone and wholesale prices from Germany are the top economic news due on Monday. At 2.00 am ET, Destatis is scheduled to issue Germany's wholesale prices for August. Economists forecast prices to rise 0.2 percent month-on-month, reversing a 0.1 percent fall in July.
RTTNews | 3h 33min ago
Australian Market Slashes Early Losses In Mid-market

Australian Market Slashes Early Losses In Mid-market

The Australian stock market is slashing its early losses in mid-market trading on Monday, giving up some of the gains in the previous session, following the mixed cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling below the 8,850.00 level, with weakness in mining stocks and a mixed performance across other sectors.
RTTNews | 5h 41min ago
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Monday, following the mixed cues from Wall Street on Friday, as traders remain cautious ahead of the anticipated interest rate cut after recent US data signaled softer labor conditions and muted inflation. The escalating geopolitical concerns in the Middle East are also weighing on market sentiment. Asian markets closed mostly higher on Friday.
RTTNews | 5h 53min ago
Rally May Stall For Thai Stock Market

Rally May Stall For Thai Stock Market

The Thai stock market has moved higher in six straight sessions, adding more than 40 points or 3.3 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,295-point plateau although it may be stuck in neutral on Monday.
RTTNews | 7h 27min ago
Lower Open Called For Indonesia Stock Market

Lower Open Called For Indonesia Stock Market

The Indonesia stock market has moved higher in three straight sessions, advancing almost 225 points or 2.9 percent in that span. The Jakarta Composite Index now rests just above the 7,850-point plateau although it may spin its wheels on Monday.
RTTNews | 7h 57min ago
Hong Kong Shares Tipped To Open To The Downside On Monday

Hong Kong Shares Tipped To Open To The Downside On Monday

The Hong Kong stock market bounced higher again on Friday, one day after ending the four-day winning streak in which it had climbed almost 1,250 points or 4.9 percent. The Hang Seng Index now sits just beneath the 26,390-point plateau although it figures to find renewed selling pressure on Monday.
RTTNews | 8h 12min ago
Australian Market Notably Lower

Australian Market Notably Lower

The Australian stock market is notably lower on Monday, giving up the gains in the previous session, following the mixed cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling below the 8,800.00 level, with weakness across all sectors lod by mining and technology stocks.
RTTNews | 8h 22min ago
China Shares May Take Further Damage On Monday

China Shares May Take Further Damage On Monday

The China stock market on Friday wrote a finish to the two-day winning streak in which it had jumped almost 70 points or 2 percent. The Shanghai Composite Index now sits just above the 3,870-point plateau and it's likely to open under water again on Monday.
RTTNews | 8h 27min ago