CAC 40 Slips On Rate Hike Worries

RTTNews | 971 days ago
Stocktwits
CAC 40 Slips On Rate Hike Worries

(RTTNews) - French stocks were moving lower on Thursday after the U.S. Federal Reserve and Swiss National Bank both hiked their key policy rates by 75 basis points, adding to worries of a global economic slowdown.

Investors looked forward to the Bank of England (BOE) Monetary policy summary and interest rate decision later in the day for further direction on the rate outlook.

In economic releases, the confidence among French manufacturers eased further as expected in September, though marginally, survey results from the statistical office Insee showed.

The manufacturing confidence index dropped to 102 in September from 103 in August. That was in line with economists' expectations.

The benchmark CAC 40 slipped 10 points, or 0.2 percent, to 6,022 after climbing 0.9 percent in the previous session.

Hospitality firm Accor slumped 7.6 percent after investment bank JP Morgan cut its rating on the stock from neutral to underweight, saying the group would not be able to return to its previous level of profitability.

Stocktwits
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Asian Markets Mostly Higher

Asian Markets Mostly Higher

Asian stock markets are trading mostly higher on Wednesday, despite the broadly negative cues from Wall Street overnight, as some traders are still looking to cash in on the strong upside in the markets seen over the past several weeks. Major currencies in the region have also strengthened against the US dollar. Asian markets closed mostly higher on Tuesday.
RTTNews | 10 minutes ago
Japanese Market Modestly Lower

Japanese Market Modestly Lower

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RTTNews | 1h 38min ago
Australian Market Notably Higher

Australian Market Notably Higher

Australian shares are trading notably higher on Wednesday, extending the gains in the previous session, with the benchmark S&P/ASX 200 staying just below the 8,400 level, despite the broadly negative cues from Wall Street overnight, with gains in gold miners, financial and energy stocks partially offset by weakness in technology stocks.
RTTNews | 2h 0min ago
Canadian Dollar Rises As Inflation Climbs

Canadian Dollar Rises As Inflation Climbs

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RTTNews | 8h 51min ago
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

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RTTNews | 9h 39min ago
European Stocks Recover After Weak Start, Close Broadly Higher

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RTTNews | 10h 0min ago
TSX Extends Gains To 10th Straight Session, Hits New Record High

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Canadian shares are up in positive territory Tuesday morning, extending gains to a tenth straight session, amid easing concerns about tariffs, and some brisk buying in gold stocks on safe-haven appeal following Moody's downgrading U.S. credit rating, citing debt concerns. Investors are also digesting a report showing a drop in Canada's annual inflation rate.
RTTNews | 11h 31min ago
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