CAC 40 Slides On Fed Worries

RTTNews | 922 일 전
CAC 40 Slides On Fed Worries

(RTTNews) - French stocks fell sharply on Friday after two Federal Reserve officials signaled they favor returning to bigger interest-rate hikes in the future to tame inflation.

Hotter-than-expected wholesale inflation data also added to pressure on the Fed to keep rates high.

The benchmark CAC 40 was down 87 points, or 1.2 percent, at 7,279 after climbing 0.9 percent in the previous session.

Safran S.A. dropped 1 percent. The maker of aircraft engines and related equipment posted net loss for 2022 amidst higher foreign exchange losses and other operating expenses.

Air France-KLM shares jumped 9 percent after the airline reported robust bookings for 2023 and forecast higher margins.

EDF Group SA, an electric utility, edged up slightly despite reporting a loss for fiscal 2022, compared to prior year's profit.

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Malaysia Bourse May Add To Its Winnings On Thursday

Malaysia Bourse May Add To Its Winnings On Thursday

The Malaysia stock market rebounded on Wednesday, one day after ending the three-day winning streak in which it had collected almost 15 points or 0.9 percent. The Kuala Lumpur Composite Index now sits just above the 1,585-point plateau and it's expected to open in the green again on Thursday.
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Higher Open Called For Japan Stock Market

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The Japan stock market bounced higher again on Wednesday, one session after ending the two-day winning streak in which it had advanced almost 200 points or 0.5 percent. The Nikkei 225 now rests just above the 42,520-point plateau and it's expected to open to the upside again on Thursday.
RTTNews | 49 분 전
KOSPI May Reclaim 3,200-Point Level

KOSPI May Reclaim 3,200-Point Level

The South Korea stock market bounced higher again on Wednesday, one day after ending the three-day winning streak in which it had improved almost 80 points or 2.6 percent. The KOSPI now sits just shy of the 3,190-point plateau and it may tick higher again on Thursday.
RTTNews | 1 시간 4 분 전
Korea Interest Rate Decision Due On Thursday

Korea Interest Rate Decision Due On Thursday

The Bank of Korea will wrap up its monetary policy meeting this morning and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The BoK is expected to keep its benchmark lending rate unchanged at 2.50 percent.
RTTNews | 2 시간 4 분 전
European Stocks Close On Mixed Note

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Wednesday as investors largely stayed cautious, looking ahead to chipmaker Nvidia's quarterly earnings announcement, and continuing to assess the political situation in France.
RTTNews | 7 시간 9 분 전
Euro Falls Amid Political Uncertainty

Euro Falls Amid Political Uncertainty

The euro weakened against other major currencies in the European session on Wednesday, as trader's concern about the collapse of France's government.
RTTNews | 11 시간 25 분 전
Bay Street Likely To Open On Positive Note

Bay Street Likely To Open On Positive Note

Canadian shares are likely to open on a positive note on Wednesday, riding on strong earnings from Royal Bank of Canada and National Bank of Canada. Weak commodity prices and concerns on the geopolitical and tariffs front may weigh limit market's upside.
RTTNews | 11 시간 51 분 전