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CAC 40 Holds Steady As Investors Await US GDP Data
(RTTNews) - French stocks struggled for direction in early trade on Wednesday as growth worries offset expectations of slower interest-rate hikes from the Federal Reserve.
The focus is now on the fourth-quarter U.S. GDP data due Thursday, which could set the tone for the Fed's Jan. 31-Feb. 1 policy meeting.
The benchmark CAC 40 was marginally higher at 7,055 after rising 0.3 percent in the previous session. The U.S. dollar was pinned around its lowest level in nine months against peers.
Alstom SA was moving lower. The rolling stock maker reported that its sales for the third quarter 2022/23 rose to 4.22 billion euros from 3.92 billion euros in third quarter 2021/22.
The company confirmed full year outlook and mid-term 2024/25 objectives.
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Indian Shares Hold Steady Before Nvidia Earnings
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Australian Market Trims Early Slight Gains In Mid-market
The Australian stock market is trimming its early slight gains in mid-market moves in choppy trading on Wednesday, reversing some of the sharp losses in the previous session, with the benchmark S&P/ASX 200 staying well above the 8,450 level, despite the broadly negative cues from Wall Street overnight, with gains in gold miner stocks partially offset by weakness in financial stocks.
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Thai Stock Market May Extend Tuesday's Losses
The Thai stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day slide in which it had given up more than 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,270-point plateau and it's got another weak lead for Wednesday's trade.
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Japanese Market Slightly Higher
The Japanese stock market is slightly higher on Wednesday after opening in the green and briefly slipping in to the red, reversing some of the losses in the previous three sessions, following the negative cues from Wall Street overnight. The Nikkei 225 is staying above the 48,700 level, with gains in automakers and index heavyweights partially offset by weakness in financial and technology stocks.
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Lower Open Called For Indonesia Stock Market
The Indonesia stock market headed south again on Tuesday, one day after snapping the two-day slide in which it had slipped almost 20 points or 0.3 percent. The Jakarta Composite Index now sits just above the 8,360-point plateau although the losses may accelerate on Wednesday.
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Hong Kong Shares Expected To Open In The Red
The Hong Kong stock market has finished lower in three straight sessions, slumping almost 1,150 points or 4.3 percent along the way. The Hang Seng Index now rests just above the 25,900-point plateau and it may extend its losses on Wednesday.
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