CAC 40 Declines On US-China Tensions

RTTNews | 923 dias atrás
CAC 40 Declines On US-China Tensions

(RTTNews) - French stocks tumbled on Monday as robust U.S. jobs data released on Friday fanned fears of more interest rate hikes to cool inflation.

According to the Federal Reserve, a strong labor market would lead to excessive wage growth which, in turn, would lead to inflation pressures.

U.S-China tensions also remained on investors' radar after the Biden administration decided to postpone Secretary of State Antony Blinken's upcoming trip to China in response to the Pentagon's discovery of an alleged Chinese spy balloon, that was later shot down.

The benchmark CAC 40 was down 66 points, or 1 percent, at 7,168 after climbing 0.9 percent on Friday.

Eurazeo fell over 1 percent after the investment company named a new executive board that will be led by two chairmen.

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Thai Shares May Tick Lower Again On Monday

Thai Shares May Tick Lower Again On Monday

The Thai stock market has finished lower in two straight sessions, slipping almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,260-point plateau and it figures to remain rangebound again on Monday.
RTTNews | 18 minutos atrás
Japanese Market Modestly Higher

Japanese Market Modestly Higher

The Japanese stock market is trading modestly higher on Monday, extending the gains in the previous session, following the mixed cues from Wall Street on Friday, with the Nikkei 225 moving above the 43,500 level to fresh all-time highs, with gains in automakers and exporters partially offset by weakness in financial and technology stocks.
RTTNews | 42 minutos atrás
Indonesia Bourse May Extend Losing Streak

Indonesia Bourse May Extend Losing Streak

The Indonesia stock market on Friday snapped the five-day winning streak in which it had surged more than 440 points or 5.8 percent. The Jakarta Composite Index now sits just beneath the 7,900-point plateau and it's likely to remain stuck in neutral again on Monday.
RTTNews | 48 minutos atrás
Hong Kong Shares May See Continued Consolidation On Monday

Hong Kong Shares May See Continued Consolidation On Monday

The Hong Kong stock market has moved lower in consecutive trading days, slumping more than 340 points or 1.5 percent along the way. The Hang Seng Index now rests just above the 25,270-point plateau and it may continue to sputter on Monday.
RTTNews | 1 h 3 min atrás
Australian Market Slightly Higher

Australian Market Slightly Higher

The Australian stock market is slightly higher on Monday after opening in the red, extending the gains in the previous two sessions, following the mixed cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying above the 8,900.00 level, with a mixed performance across most sectors.
RTTNews | 1 h 16 min atrás
China Bourse: Resistance Expected At 3,700 Points

China Bourse: Resistance Expected At 3,700 Points

The China stock market bounced higher again on Friday, one day after snapping the three-day winning streak in which it had gained almost 50 points or 1.4 percent. The Shanghai Composite Index now sits just beneath the 3,700-point plateau although it may had back those gains on Monday.
RTTNews | 1 h 18 min atrás
Lower Open Predicted For Taiwan Stock Market

Lower Open Predicted For Taiwan Stock Market

The Taiwan stock market rebounded on Friday, one day after ending the five-day winning streak in which it had rallied more than 910 points or 3.9 percent. The Taiwan Stock Exchange now sits just above the 24,330-point plateau although it may head south again on Monday.
RTTNews | 1 h 48 min atrás
Little Movement Expected For Singapore Stock Market

Little Movement Expected For Singapore Stock Market

The Singapore stock market has moved lower in two straight sessions, falling more than 40 points or 0.9 percent along the way. The Straits Times Index now sits just above the 4,230-point plateau and it's likely to remain in that neighborhood again on Monday.
RTTNews | 2 h 18 min atrás