CAC 40 Tumbles Ahead Of US Jobs Data

RTTNews | 824 hari yang lalu
CAC 40 Tumbles Ahead Of US Jobs Data

(RTTNews) - French stocks fell sharply on Friday as investors waited for U.S. labor market data due later in the day that could have significant implications on the Federal Reserve's rate outlook.

The benchmark CAC 40 was down 133 points, or 1.8 percent, at 7,183 after closing 0.1 percent lower in the previous session.

Banks BNP Paribas, Societe Generale and Credit Agricole tumbled 3.5 percent amid worries that the SVB contagion could spread to other financial institutions in the United States.

SVB Financial shares plunged 60 percent overnight after the tech-focused bank announced a plan to raise more than $2 billion in capital in an attempt to offset losses from bond sales.

Earlier in the week, crypto-focused U.S. bank Silvergate said it would wind down operations following a bank run prompted by regulatory concerns.

Food retailer Casino Group fell 4.7 percent after posting a narrower loss for its fiscal year 2022.

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Lower Open Anticipated For Taiwan Stock Market

Lower Open Anticipated For Taiwan Stock Market

The Taiwan stock market has moved higher in three straight sessions, accelerating more than 810 points or 3.6 percent along the way. The Taiwan Stock Exchange now sits just above the 22,470-point plateau although it's expected to open under water on Thursday.
RTTNews | 22 minit yang lalu
Continued Consolidation Called For Singapore Shares

Continued Consolidation Called For Singapore Shares

The Singapore stock market has moved lower in two straight sessions, sinking more than 15 points or 0.4 percent along the way. The Straits Times Index now sits just beneath the 3,920-point plateau and it may take further damage on Thursday.
RTTNews | 52 minit yang lalu
Renewed Selling Pressure Expected For Malaysia Shares

Renewed Selling Pressure Expected For Malaysia Shares

The Malaysia stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had gained almost 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,525-point plateau and it's likely to head south again on Thursday.
RTTNews | 1j 22min yang lalu
Japan Stock Market May Run Out Of Steam On Thursday

Japan Stock Market May Run Out Of Steam On Thursday

The Japan stock market has finished higher in four straight sessions, climbing more than 860 points or 2.5 percent along the way. The Nikkei 225 now sits just above the 38,420-point plateau although it's due for consolidation on Thursday.
RTTNews | 1j 37min yang lalu
South Korea Shares Due For Consolidation

South Korea Shares Due For Consolidation

The South Korea stock market has finished higher in six straight sessions, collecting more than 210 points or 7.7 percent along the way. The KOSPI now rests just above the 2,900-point plateau although investors are likely to lock in gains on Thursday.
RTTNews | 1j 52min yang lalu
New Zealand Card Retail Sales Data Due On Thursday

New Zealand Card Retail Sales Data Due On Thursday

New Zealand will on Thursday release May figures for electronic card retail sales, highlighting a light day for Asia-Pacific economic activity. In April, sales were flat on month and down 0.3 percent on year.
RTTNews | 2j 52min yang lalu
Swiss Market Fails To Hold Early Gains, Settle Modestly Lower

Swiss Market Fails To Hold Early Gains, Settle Modestly Lower

The Switzerland market ended modestly lower on Wednesday despite spending much of the day's trading session in positive territory. Although the market gained some ground in positive territory, reacting to news about U.S. and Chinese officials reaching a framework to implement the Geneva consensus following two days of discussions in London, the mood turned cautious later on in the session.
RTTNews | 6j 46min yang lalu