CAC 40 Slips Into Red As Riksbank Surprises With Big Hike

RTTNews | Pred 967 dňami
CAC 40 Slips Into Red As Riksbank Surprises With Big Hike

(RTTNews) - French stocks were moving lower in chippy trade on Tuesday as a two-day policy meeting of the Federal Reserve gets underway later today.

A jumbo rate hike of 75-100 bps is on the cards after hotter-than-expected U.S. inflation data last week.

Earlier today, Sweden's central bank raised its benchmark rate at a sharper-than-expected pace, citing high inflation.

The Executive Board of Riksbank raised the key interest rate by 1 percentage point to 1.75 percent while markets had widely expected a 75 basis-point rate hike.

The board said the monetary policy needs to be tightened more to bring inflation back to the target. The forecast indicated that the policy rate will be raised further in the coming six months.

The benchmark CAC 40 was down 12 points, or 0.2 percent, at 6,049 after declining 0.3 percent in the previous session.

read more
E.ON Confirms Outlook After Higher Q1 Adj. Earnings

E.ON Confirms Outlook After Higher Q1 Adj. Earnings

German utility E.ON SE reported Wednesday a significant increase in its first-quarter adjusted earnings and Group EBITDA with growth in all three core segments. Further, the firm affirmed its guidance for 2025 and its outlook through 2028. On the XETRA in Germany, E.ON shares were gaining around 1.36 percent.
RTTNews | Pred 4 h 57 min
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the European session on Wednesday.
RTTNews | Pred 7 h 20 min
FTSE 100 Flat As Stocks Move In Tight Range

FTSE 100 Flat As Stocks Move In Tight Range

U.K. stocks are mostly subdued in lackluster trade on Wednesday as investors react to a mixed batch of earnings announcements, and await more economic data from the U.S., and clarity about Trump administration's stance on tariffs with regard to European countries.
RTTNews | Pred 7 h 55 min
CAC 40 Down 0.66%; Bouygues Rises Sharply On Earnings

CAC 40 Down 0.66%; Bouygues Rises Sharply On Earnings

French stocks are exhibiting weakness on Wednesday, snapping a four-session winning streak, as investors focus on earnings and other corporate news, and await more economic data for directional clues. Some profit taking is also contributing to market's weakness.
RTTNews | Pred 8 h 16 min
Sensex, Nifty End Choppy Session Modestly Higher

Sensex, Nifty End Choppy Session Modestly Higher

Indian shares ended modestly higher on Wednesday as signs of easing retail inflation sparked hopes for more rate cuts from the Reserve Bank of India in coming months.
RTTNews | Pred 8 h 21 min
European Shares Drift Lower In Lackluster Trade

European Shares Drift Lower In Lackluster Trade

European stocks were slightly lower in cautious trade on Wednesday while the dollar extended losses as benign U.S. inflation data prompted traders to pare back Fed rate cut bets for this year.
RTTNews | Pred 9 h 31 min